All Real Assets articles in Web Issue – Page 1910
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PropertyEU Archive18-34-year-olds to drive new living real estate demands across European cities, says JLL
Young urban residents will continue to impact real estate dynamics and the demand for city dwellings in the post-pandemic world, according to JLL’s latest European City Dynamics report.
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PropertyEU ArchiveCoima, Covivio and Prada to buy massive redevelopment project in Milan for €180m
Italian asset manager Coima Sgr, French listed property group Covivio and Prada holding have been awarded the tender by FS Sistemi Urbani Srl and Rete Ferroviaria Italiana SpA for the acquisition of the Porta Romana railway yard in Milan for €180 mln.
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PropertyEU ArchiveHines core fund buys 3 warehouses near London for €90m
US privately-held developer-investor Hines has acquired a prime logistics park beside Heathrow Airport on behalf of the Hines Pan-European Core Fund (HECF). The asset was purchased from Aberdeen Standard Investments for £80 mln (€90 mln).
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PropertyEU ArchiveUrban Logistics buys UK site for €39m
UK REIT Urban Logistics has acquired a logistics site in Hertfordshire, UK for £34.3 mln (€39 mln) at a 5.4% net initial yield.
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PropertyEU ArchiveIRES sells non-core portfolio for €48m
Irish Residential Properties REIT has completed the disposal of 151 non-core residential units spread across 10 properties.
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PropertyEU ArchiveAndreas Muschter leaves The Student Hotel for new role
Andreas Muschter, CFO of The Student Hotel and former boss at Commerz Real, has taken up a new position as member of the executive board at Zech Group.
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PropertyEU ArchiveBaltic green fund closes Latvia’s largest office deal so far this year
A Baltic-focused closed-end fund recently launched by Lords LB Asset Management has purchased a business centre that hosts the headquarters of the Citadele bank in the Baltic States with a €27 mln loan from SEB.
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PropertyEU Archivepbb Deutsche Pfandbriefbank results signal loan loss risk is creeping up
Rising provisions against souring loans continue to hit pbb Deutsche Pfandbriefbank’s pre-tax profits, slashing the latest figure for the nine months to 30 September 2020 from €187 mln (2019) to €106 mln.
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PropertyEU ArchiveGermany’s share of European investment on the rise, says Savills
German real estate investment activity has captured a 34% share of the European total so far this year while the UK market share has fallen to 20%, according to new research published by Savills.
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PropertyEU ArchiveClarion expands Spanish logistics footprint with 132,000-m2 portfolio acquisition
Clarion Partners Europe has acquired a Spanish portfolio comprising five institutional grade logistics properties, totalling 132,348 m2, from US logistics specialist Prologis.
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PropertyEU ArchiveInvesco launches European living fund with €140m of seed capital
Invesco Real Estate has announced the launch of the Invesco Real Estate European Living Fund, an open-ended fund investing in pan-European residential assets.
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PropertyEU ArchiveWCM offloads Frankfurt office scheme for €144m
WCM Beteiligungs- und Grundbesitz, a subsidiary of Aroundtown’s TLG Immobilien, has announced the sale of an office building in Frankfurt in a share deal worth €144 mln.
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PropertyEU ArchiveAmundi enters Ireland with €170m Dublin office buy
French investor Amundi has exchanged on the acquisition of the newly developed Fitzwilliam 28 office block fully let to Slack Technologies in a deal worth over €170 mln.
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PropertyEU ArchiveEuropean logistics take-up increases 19% in Q3 2020, says CBRE
Take-up of European logistics space reached 6.9 million m2 in Q3 2020, an increase of 19% compared to the same period last year, which saw total take-up of 5.8 million m2, according to the latest research from global real estate advisor, CBRE.
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PropertyEU ArchiveDTZI co-living fund secures €36m development finance for UK site
The DTZ Investors Co-Living Fund (COLIV) has entered into a £32 mln (€36 mln) development facility, representing 65% Finance to Cost, to construct a 222-unit co-living development in Harrow near London.
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PropertyEU ArchiveUBS AM acquires UK supermarket for €50m
UBS Asset Management's (UBS-AM) Real Estate & Private Markets (REPM) business has completed the acquisition of a Sainsbury’s supermarket in Hinckley, Leicestershire, UK, for £45 mln (€50 mln).
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PropertyEU ArchiveDeka snaps up office building in Paris for €80m
Deka Immobilien has acquired the Theodore office building in Paris from AG Real Estate for around €80 mln. The property will be added to the Deka-ImmobilienMetropolen (DIM) open-ended real estate fund.
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PropertyEU ArchiveAareal Bank follows Pbb and increases provisions
Aareal Bank’s provision against risky property loans has climbed to €167 mln after the bank made a further €61 mln provision in Q3.
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PropertyEU ArchivePatrizia acquires newly built resi scheme in Breda
European property investor Patrizia has acquired CityTwin, a newly built residential building in Breda, the Netherlands on behalf of its institutional clients. The seller is HIG Invest Group. Financial details were not disclosed.
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PropertyEU ArchiveBNPPRE appoints new head of Spain
BNP Paribas Real Estate has announced the appointment of Borja Ortega to the position of CEO of the Spanish business effective immediately.
