All Real Assets articles in Web Issue – Page 249
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PropertyEU Archive
Dynamique buys 100th French hotel
Dynamique Hotels, the hotel investment company created by CB Richard Ellis Investors, said on Wednesday that it has acquired the Balladins de Sarcelles hotel in Sarcelles, in the northern outskirts of Paris, for an undisclosed amount. The property is 100th hotel acquired by Dynamique Hotels since the company was created ...
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PropertyEU Archive
VIB Vermogen acquires five properties
German real estate portfolio manager VIB Vermogen has purchased five properties in southern Germany for its real estate portfolio. The properties have a total investment volume of EUR 22.7mln and will be built on the 84,900m[sup]2[/sup] land VIB acquired in the first quarter of 2008. The company said the logistic ...
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PropertyEU Archive
Guardian Managers acquires another office asset in Warsaw
Guardian Managers has purchased the Batory Office Complex in Warsaw on behalf of the Guardian New Europe Emerging Cities Fund. The deal includes the existing Batory Office Building I, which is fully let on long-term leases and the Batory Office Building II which is currently under construction. Jones Lang LaSalle ...
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PropertyEU Archive
Redevco Belgium acquires prime retail unit in Antwerp
Redevco Belgium has reached an agreement to acquire a 1,665m[sup]2[/sup] retail unit from the local authority in Antwerp. Folllowing the deal Redevco will own the entire 12,100m[sup]2[/sup] building at Meir, Antwerp's main shopping street in the commercial heart of the city. The property is fully let to the Inno Galeria ...
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PropertyEU Archive
Sainsbury's beefs up its real estate division
UK retail group Sainsbury's has strengthened its real estate team after carrying out £2bn of asset management transactions since March 2007. The bulk of the activity relates to joint ventures with Land Securities and British Land, the UK's two largest real estate investment trusts.
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PropertyEU Archive
Icade boosts its healthcare portfolio
French property developer Icade has acquired two healthcare assets in Nantes for EUR 73mln from nursing home operator Vedici. The company bought the Polyclinique de l'Atlantique in Saint Herblain, France's leading maternity clinic with total capacity of 269 ...
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PropertyEU Archive
Epra charts divergence in RE corporate governance
Corporate Governance standards among listed property companies diverge widely across Europe, according to new study published by the European Public Real Estate Association (Epra) on Wednesday.
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PropertyEU Archive
Fonciere des Regions sells to France Telecom
Leading French property company Fonciere des Regions has signed an agreement with its largest tenant, France Telecom, regarding the sale and lease of some 155 properties in France.
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PropertyEU Archive
Land Securities partners with Lindner Group
UK REIT Land Securities has announced the formation of a partnership between its Trillium property outsourcing business and German property company Lindner Group to drive Trillium's expansion into the German Public Private Partnership (PPP) market.
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PropertyEU Archive
Positive outlook for Spain's market - King Sturge
The commercial property market in Spain continues to be attractive although a lack of transparency and high-quality office space continue to remain obstacles according to a report released by property consultants King Sturge. Booming retail growth is expected to slow although it will continue to outperform over the next five ...
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PropertyEU Archive
Property adviser closes 120 offices in Spain
Spanish property services agency Don Piso plans to close up to 120 offices with the loss of 350 jobs. The property advisor reported a drop in sales of 66% last year. The offices are worth a total EUR 110mln, according to Spanish newspaper El Pais. Don Piso operates another 140 ...
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PropertyEU Archive
DSG to close 120 stores in the UK and Italy
Home appliance retailer DSG has announced the closure of 77 Currys digital stores in the face of 'challenging' market conditions. The UK retailer intends to close up to 77 of its 177 portable technology retail stores as leases expires in 2012-2103. The company also announced a 50% cut in dividend.
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PropertyEU Archive
AXA Belgium acquires 35% of Centre Communication Nord
Belgian air traffic control agency Belgocontrol has sold a 35% stake in the Centre de Communication Nord complex on Rue du Progrès in central Brussels to AXA Belgium for EUR 50mln. Prior to the deal, Belcontrol owned 19,900 m[sup]2[/sup] of office space, 1,386 m[sup]2[/sup] of archive on five floors of ...
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PropertyEU Archive
Corio's '365' shopping centre opens
Dutch retail specialist Corio said on Thursday that its '365' shopping centre in Ankara has opened its doors to the public. Last year Corio announced it had acquired the mall for about $40mln. The mall comprises a 4,000 m[sup]2[/sup] Migros supermarket, a 5,000 m[sup]2[/sup] Koctaas DIY store, a 3,000 m[sup]2[/sup] ...
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PropertyEU Archive
Private investor acquires Dutch office portfolio
A private investor has acquired a portfolio of five properties in the Netherlands from Amsterdam-based asset and investment manager White Estate for EUR 33mln. The 33,000 m[sup]2[/sup] portfolio is made up mainly of office buildings in various cities of the Netherlands. Cushman & Wakefield acted for the unnamed buyer, while ...
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PropertyEU Archive
Commerz Real acquires Dutch office project
Commerzbank's fully owned real estate unit Commerz Real has acquired the Irdeto office project in the Beukenhorst Zuid office park on the western edge of Amsterdam - near Amsterdam Schiphol Airport - from Fortress Projektontwikkeling for EUR 34mln. The property is earmarked for Commerz Real's open-ended property fund hausInvest europa. ...
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PropertyEU Archive
Segro completes Carre des Aviateurs business park
UK logistics group Segro said on Thursday it has completed the last phase of development of its Carre des Aviateurs business park located between Paris and the Roissy Charles de Gaulle airport. The park is completely let to 20 tenants, including Blindages de France, Ditac, Baxi (Idéal standard), Stannah, Finimétal, ...
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PropertyEU Archive
CBRE Investors creates European strategy position
CB Richard Ellis Investors has announced Sabina Kalyan will be joining the team in a newly created position of European head of strategy. Based in London, Kalyan will be responsible for developing CBRE Investors' house views on the outlook for the European economy, financial markets and national property markets. She ...
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PropertyEU Archive
Goodman in CEE expansion drive
Australian listed property trust Goodman Group announced on Thursday that it plans to increase the pace of development of warehouses in Hungary, Czech Republic, Romania and Slovakia. The expansion in the area will be led from Goodman's CEE head office in Budapest, it added. With robust economic growth, strong consumer ...
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PropertyEU Archive
UK and Germany drag Pan-European index lower: IPD
Total returns recorded by IPD's Pan-European Property Index showed a 'significant' fall in 2007, down to 5.9% from 12.4% in the preceding year. Capital values were impacted by negative growth in the UK and Germany, Europe's largest economies. Further, IPD said that, similarly to the 2006 year, currencies had a ...
