All Real Assets articles in Web Issue – Page 1841
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PropertyEU ArchiveSwitch to ‘underperform’ for Dutch retail CMBS
A securitised loan secured on six secondary retail properties in the Netherlands is expected to underperform according to Kroll Bond Rating Agency (KBRA) which rated the deal last year.
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PropertyEU ArchiveSponda offers two months’ rent free to F&B tenants
Finnish retail and office landlord Sponda will be offering two months’ rent free to all restaurant and food & beverage tenants, after the government imposed the closure of all such venues in the country in an effort to contain the coronavirus pandemic.
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PropertyEU ArchiveLandSec sets up €100m rent relief support fund amid coronavirus
UK REIT Land Securities said on Thursday that it has established a rent relief support fund of £80 mln (€100 mln) to help its customers most in need, with a particular focus on supporting F&B clients and small and medium sized businesses.
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PropertyEU ArchiveSegro ‘well placed to weather Covid-19 storm’, in rent talks with struggling tenants
UK logistics REIT Segro is in talks with customers experiencing cashflow problems, but says its business is fundamentally sound and ‘well placed to weather the storm caused by the Covid-19 pandemic’.
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PropertyEU ArchivePropertyEU Market Barometer: Transactions to be hit 40% YoY in Q2 2020
PropertyEU readers are forecasting market disruption in Q2 2020 of 40%, compared to Q2 2019.
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PropertyEU Archive
Capital locked up in frozen UK open-ended funds reaches £20b
BlackRock and Schroders are the latest investment managers to close UK open-ended funds due to valuers caveating 31 March monthly and quarterly reports.
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PropertyEU ArchiveSoftbank pulls out of $3b WeWork shares purchase
Japan’s SoftBank Group has walked away from a $3 bn tender offer for WeWork shares citing closing conditions not being met by the April 1 deadline.
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PropertyEU ArchiveBF.capital secures €300m debt investment mandate
Real estate debt investor BF.capital said on Thursday that it has received a €300 mln investment mandate from an unnamed German insurance company to invest in whole loans with an LTV of up to 80%.
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PropertyEU ArchiveNepi Rockcastle, AFI Europe €300m office deal hits the rocks
A €300 mln agreement for an office portfolio said to be the largest ever in Romania is in danger of collapse, with coronavirus being a significant factor in the breakdown.
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PropertyEU ArchiveOrion tries to renegotiate €452m Hammerson retail park deal
Hammerson’s deal to raise capital through the sale of seven UK retail parks to Orion Capital Managers could be derailed.
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PropertyEU ArchivePatrizia buys BTR development in Amsterdam for €51m
German property group Patrizia has announced the purchase on behalf of its clients of a 114-unit turn-key residential development in Amsterdam, the Netherlands, from Biesterbos Groep, a Dutch real estate investor.
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PropertyEU ArchiveSavills adds to Dutch valuation team
Broker Savills has recruited Bas Kamperman as an associate director within its valuation team at its Amsterdam office, to focus on valuations for Dutch funds and cross-border valuations.
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PropertyEU ArchiveKanAm Grund snaps up Danske Bank HQ in Copenhagen from ASI
German property group KanAm Grund has purchased the King Square portfolio in the heart of the Danish capital of Copenhagen on behalf of the German pension fund for doctors, Ärzteversorgung Westfalen-Lippe.
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PropertyEU ArchiveSavills suspends dividend payment to preserve cash
Broker Savills said on Wednesday that it is suspending the payment of interim dividends in view of ‘the current uncertainty over the impact of COVID-19 on global real estate market activity in the coming months’.
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PropertyEU ArchiveCBRE Global Investors inks green industrial loan
CBRE Global Investors has closed a sustainability-linked revolving credit facility (RCF) with Dutch bank ABN Amro, where the levels of interest payment are yoked to one of its fund's ESG performance.
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PropertyEU ArchiveDeutsche Investment Retail reinforces team with new hires
DIR Deutsche Investment Retail has recruited retail experts Jens-Oliver Hühnel and Henning Jürgens as transaction manager and analyst respectively.
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PropertyEU ArchiveAviaRent fund acquires €185m German portfolio
Luxembourg fund manager AviaRent has acquired a portfolio of twelve nursing homes and assisted living properties in Germany for €185 mln.
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PropertyEU ArchiveCovid-19 could be catalyst for remote working to become the norm
The coronavirus pandemic could be the catalyst for increased working from home in the future, a survey by global real estate advisor Colliers International has revealed.
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PropertyEU ArchiveGhelamco in exclusive talks with German fund on €200m Brussels tower
Belgian developer Ghelamco is in exclusive talks to sell the Silver Tower development in Brussels to a German fund, believed to be Deka Immobilien.
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PropertyEU ArchiveData centre builder Proximity inks €28m loan with ICG
Intermediate Capital Group (ICG) has loaned £25 mln (€28 mln) to IT infrastructure firm Proximity Data Centres, which is developing 18 data centres in the UK.
