All Real Assets articles in Web Issue – Page 411
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PropertyEU Archive
Warimpex sells Csalogany office building in Budapest
Warimpex Finanz- und Beteiligungs has finalised the sale of the Csalogány office building in Budapest to an international private investor. The sale price was not revealed but Warimpex said it was higher than the most recent fair value determined by CB Richard Ellis (CBRE) in December 2008, and also significantly ...
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PropertyEU Archive
Sharp rise in Investment Climate Index in UK
European property investors appear to have largely put the gloom behind them after a significant deterioration in sentiment in the second half of 2008, according to Union Investment's Investment Climate Index.
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PropertyEU Archive
UK commercial property market stabilises further - C&W
The UK commercial property investment market stabilised further in June, according to real estate adviser Cushman & Wakefield's new Business Briefing.
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PropertyEU Archive
Retail investors drive net investment into UK property funds
Real estate investment experts have welcomed news that UK property funds saw their first net investment inflows into the sector since April last year. The figures from the Investment Management Association showed £2 mln. of inflows during May. This compared with outflows of £12 mln. in April.
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PropertyEU Archive
Redevco France redevelops Seine Rivoli project
Pan-European retail real estate specialist Redevco has started redevelopment of a prime retail/residential building on Rue de Rivoli in Paris. Three levels, from the basement to the 1st floor, will be turned into modern retail space totalling 2,000 m[sup]2[/sup].
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PropertyEU Archive
Deka acquires Warsaw office building in largest CEE deal of 2009
Construction giant Skanska has sold Deloitte House in the central business district of Warsaw to a fund managed by German-based international investment management firm Deka Immobilien for EUR 117 mln. The transaction was the largest in Central and Eastern Europe so far this year.
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PropertyEU Archive
ECE secures funding for EUR 300m Dortmund project
German inner-city shopping centre specialist ECE has secured the funding for its EUR 300 mln Neues Thier-Areal shopping gallery project in Dortmund.
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PropertyEU Archive
TAP disposes of 6 assets
TAP, the listed high-income UK commercial property investment company, has announced the disposal of six of its investment properties for a total of £10.7 mln (EUR 12.4 mln).
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PropertyEU Archive
KPN agrees sale-and-leaseback for telephone exchange
Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m[sup]2[/sup] office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were ...
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PropertyEU Archive
Park Plaza to develop art'otel in Amsterdam
Park Plaza Hotels has reached an agreement with the City of Amsterdam to develop an art'otel in the former Kadaster, or land registry office.
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PropertyEU Archive
Lords LB launches Baltic real estate fund
Lords LB Asset Management is launching the EUR 25 mln Baltic closed-end Real Estate (RE) investment fund - Lords LB Baltic Fund I.
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PropertyEU Archive
Keen signs C&A for Galeria Victoria in Poland
Keen Property Partners Retail (KPP Retail) has announced that clothing stores group C&A has signed a letter of intent to lease space at Galeria Victoria entertainment and retail centre in the Polish city of Walbrzych. The lease agreement for almost 1,700 m[sup]2[/sup] of retail space on the ground and first ...
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PropertyEU Archive
Dolphin Capital completes shares-for-assets programme
Dolphin Capital Investors has announced the completion of its shares-for-assets programme.
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PropertyEU Archive
CBRE launches Complex and Emerging Markets Desk
CB Richard Ellis has announced the launch of a Complex and Emerging Markets Desk, supported by consultancy Source8, in response to increasing demand for robust real estate solutions in this field.
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PropertyEU Archive
Max Crofts elected as RICS president
Max Crofts has been inaugurated as RICS president for the 2009 / 2010 session. Crofts took up his position at the RICS Annual General Meeting on 6 July.
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PropertyEU Archive
NCC sells property in Uppsala to Genova Fastigheter
NCC Housing has concluded an agreement on the transfer of the property Luthagen 13:2 in Uppsala to Genova Fastigheter.
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PropertyEU Archive
Zublin sells retail property in Germany
Zublin Immobilien Holding has announced that its subsidiary in Germany had concluded the sale of its 4,900m[sup]2[/sup] fully-let retail property in Tuttlingen. The buyer and the sales price were not disclosed, but Zublin said the transaction volume was in line with the property's IFRS fair value at end-March 2009.
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PropertyEU Archive
Court dismisses EUR 103m claim against Vastned O/I
The Court of Appeal in The Hague has dismissed a claim of EUR 103.5 mln against VastNed Offices/Industrial brought by three companies associated with the bankrupt firm Ravenswade Ontwikkeling.
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PropertyEU Archive
Commerz Real acquires Die Mitte in Berlin for EUR 126m
Commerz Real announced on Wednesday that it has acquired the retail property 'Die Mitte' in Berlin for the open-ended real estate fund hausInvest europa. The acquisition involved total investment costs of EUR 126.6 mln.
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PropertyEU Archive
AMB leases 40,900 m[sup]2[/sup] in Hamburg
AMB Property Corporation announced that it has fully leased a 30,500m[sup]2[/sup] facility at AMB Hausbruch Industrial Center in Hamburg to BSN medical.
