All Real Assets articles in Web Issue – Page 441
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PropertyEU Archive
AXA REIM sells Rotterdam office property
AXA Real Estate Investment Managers has sold a 3,457-m[sup]2[/sup] office property located on 's Gravendijkwal 28 - 36 in Rotterdam to a private investor. The financial details were not disclosed.
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PropertyEU Archive
TDG picks Westlog DC for new CEE base
European supply chain specialist TDG has taken office space at Industrial Securities’ Westlog DC in Biatorbagy, near Budapest. TDG will occupy the best quality offices at the distribution centre with a view to increasing its occupancy as the company takes on new contracts. The lease signing comes a month after ...
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PropertyEU Archive
Kenmore European Industrial Fund (KEIF) disposal
Kenmore European Industrial Fund has sold its industrial scheme, Glasstraat in Antwerp, to Gecodam for a net price of EUR 7.1 mln. The investment volume reflects a net initial yield of 8.72%.
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PropertyEU Archive
Lisette van Doorn leaves Inrev for ING Reim
The European Association for Investors in Non-listed Real Estate Vehicles (Inrev) announced on Thursday that its CEO, Lisette van Doorn, is leaving the association to join ING Real Estate Investment Management (REIM) Italy as country manager. She will also be fund manager of ING Retail Property Partnership Southern Europe. Inrev ...
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PropertyEU Archive
Prologis forms global renewable energy group
Prologis has formed a global renewable energy group to procure new business, manage installations and provide development management services for renewable energy projects globally.
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PropertyEU Archive
PropertyEU live at EXPO REAL
PropertyEU will be reporting live from the EXPO REAL international property fair in Munich next week. As official media partner of EXPO REAL, PropertyEU is publishing a special 48-page news magazine on each of the three days of the fair. The online versions of the publications will be included in ...
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PropertyEU Archive
Ile-De-France shows signs of recovery: Savills
Savills' latest French office report indicates the Ile-de-France investment market showed small signs of recovery in H1 2009 with EUR 2.2 bn invested and reduced upward pressure on yields. However, the leasing markets are still showing signs of rental pressure as demand reached a new low.
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PropertyEU Archive
Realia closes EUR 1bn refinancing deal
Spanish property company Realia said on Friday that it has reached final agreement with its creditor banks regarding the refinancing of nearly EUR 1 bn of debt. The Madrid-based property company signed a preliminary agreement on the refinancing at the end of July.
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PropertyEU Archive
Codic Belgique in EUR 18m office sale
Codic Belgique has announced the sale of an office project in Zaventem, Belgium to a subsidiary of the Integrale insurance company for about EUR 18 mln. The 4,700-m[sup]2[/sup] property has been fully pre-let to Arval Belgium, a subsidiary of the BNP Paribas group. Arval specialises in long-term leasing and management ...
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PropertyEU Archive
GPR 250 Europe Index returns 2.4% in September
European listed real estate returned 2.4% in September, building on the considerable 17.1% return recorded by the GPR 250 Europe index in August. On a country level, the losers were Sweden (-0.2%), Belgium (-0.3%), Greece (Babis Vovos I.C.; -1.6%), the UK (-3.9%) Italy (-4.5%) and Poland (GTC; -8.6%). All the ...
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PropertyEU Archive
Pirelli RE sells 5% of SGR to Intesa San Paolo
Italy's Pirelli RE has reached agreement with bank Intesa San Paolo to sell a stake of up to 10% in its property fund management business, Pirelli RE Società di Gestione del Risparmio (SGR). In a statement last week, Italy's largest property company said that the lender has already acquired 5% ...
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PropertyEU Archive
Sectie5 acquires Rokkeveen shopping centre from Unibail-Rodamco
Sectie5 Investments has acquired the 8,100-m[sup]2[/sup] Rokkeveen shopping centre in the Dutch city of Zoetermeer from Unibail-Rodamco on behalf of Meerstede Vastgoed CV, a vehicle for private investors. The financial details were not disclosed.
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PropertyEU Archive
Banimmo sells EUR 70m Mobistar HQ
Belgian property company Banimmo has announced the sale of its Sirius office building worth EUR 70 mln to the German closed-end fund Signa. This is Signa's first transaction in Brussels.
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PropertyEU Archive
Egyptians buy Stafford hotel for £77m
UK pub group Daniel Thwaites has sold The Stafford Hotel in St James' in London for £77.5 mln (EUR 85 mln) to Britannia Hospitality, part of the RAMW Group. The seller was advised by international real estate advisor Savills.
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PropertyEU Archive
SEB ImmoInvest acquires EUR 98m office building in Amsterdam
SEB Asset Management has acquired the new headquarters for Dutch telecoms firm KPN in Amsterdam from Dutch project developer OVG Real Estate. The six-storey office building with 23,000 m[sup]2[/sup] of total rental space and 190 parking spaces has been leased to KPN for ten years with the option of an ...
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PropertyEU Archive
KanAm cancels Citydel acquisition in Moscow
KanAm's Grundinvest fund has cancelled the acquisition of the Citydel Business Center office building in Moscow. Contacted by PropertyEU, a KanAm confirmed Russian media reports saying the firm was not completing the deal.
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PropertyEU Archive
Arpad Torok appointed new CEO at Trigranit
Budapest-based CEE real estate developer Trigranit has named Árpád Török as its new CEO to replace Lorant Varga who is leaving the firm. At the same time Sándor Nyúl has been appointed to the position of chairman of the board.
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PropertyEU Archive
FirstService injects equity into Colliers CRE
London-listed Colliers CRE has reached agreement in principle on the terms of a proposed re-financing. The deal includes a new three-year banking facility and a substantial equity investment by FirstService Real Estate Advisors, a subsidiary of FirstService Corporation as part of a wider institutional placing.
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PropertyEU Archive
Expo Real expects 14% decline in exhibitors
Around 1,600 exhibitors from 34 countries are expected to take part in the 12th edition of the annual Expo Real property fair, which is being held in Munich from 5 to 7 October. Messe München, the organiser of the event, bases its projections on the latest registrations.
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PropertyEU Archive
DTZ shuts down Russian office
Global property broker DTZ has pulled the plug on financial support for its subsidiary in Russia and the business is expected to close in the near future. DTZ said the closure of the Russian office was a direct result of the severe economic conditions in the Russian market and was ...
