All Real Assets articles in Web Issue – Page 528
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PropertyEU Archive
Jonathan Evans to join Jones Lang LaSalle
Jones Lang LaSalle has announced that Jonathan Evans will join the firm to head up West End Agency and Central London Development. Evans is currently Head of Asset and Property Management, London Portfolio at Land Securities.
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PropertyEU Archive
Klepierre hires Savills to sell Rome's Tor Vergata mall
French retail specialist Klepierre has mandated Savills to sell the Tor Vergata shopping centre in the outskirts of Rome, well-informed market souces told PropertyEU. Opened in December 2004, the mall was and acquired by Klepierre in early 2005 for over EUR 58 mln.
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PropertyEU Archive
C&W sees Russian market turning the corner in H1
Total investment into commercial real estate in Russia rose to $485 mln (EUR 366 mln) in the first quarter, according to research from Cushman & Wakefield. Prime yields moved in due to tight supply and increasing demand by office occupiers.
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PropertyEU Archive
Savills sees investment totalling EUR10-12b in 2010
Real estate adviser Savills is predicting that investment volume in France will total between EUR 10-12 bn in 2010, compared to EUR 7.9 bn in 2009. This is still below the 10-year average of EUR 14 bn. In the first quarter, investment volume doubled to nearly EUR 1.8 bn.
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PropertyEU Archive
Patrizia sells residential block for EUR 42m
Patrizia Immobilien has sold 274 apartments and 275 underground parking spaces by means of a block sale for EUR 42.1 mln. The properties, situated in the immediate outskirts of Munich, were sold to an institutional investor who wishes to remain anonymous.
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PropertyEU Archive
Rockspring appoints two new partners
Rockspring Property Investment Managers has announced that Hugh Elrington, Head of UK transactions, and Flavio Casero, Rockspring PanEuropean Property Limited Partnership Fund Manager, have been promoted to partner and have joined Rockspring’s Board with immediate effect.
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PropertyEU Archive
Inteco teams up with Spanish architect Bofill
Russian developer Inteco has teamed up with Spanish architect Ricardo Bofill in an ambitious residential project in Moscow. The partnership is aimed at developing affordable housing that meets 'the highest modern comfort and aesthetics requirements'.
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PropertyEU Archive
GCI seeks buyer for Argine shopping mall in Naples
Retail specialist Gallerie Commerciali Italia has mandated CB Richard Ellis to market the newly-developed retail gallery in the Argine shopping complex in Naples, Southern Italy, well-informed market sources told PropertyEU. Gallerie Commerciali Italia is a 51%-49% joint venture of Groupe Auchan's real estate development arm Immochan and US REIT Simon ...
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PropertyEU Archive
Fimit, Dea Capital mull merger to create Italy's largest asset manager
Italian real estate fund manager Fimit is considering merging its operations with Dea Capital's First Atlantic Real Estate asset management arm to create 'a leading European alternative real estate asset manager'.
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PropertyEU Archive
Rezidor signs Baltic JV with Norwegian developer
The Rezidor Hotel Group has announced it has signed a partnership agreement with Norwegian real estate developer Linstow for the management of 10 Reval hotels in the Baltics and in Russia. The joint venture agreement will come into effect from June 2010 and includes three hotels in Riga, two hotels ...
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PropertyEU Archive
Savills, Catella bring Madrid landmark to market
International real estate advisers Savills and Catella have brought No.3 Paseo de Recoletos Street, Madrid to the market on behalf of Grupo Ballester, for a price in the region of EUR 50 mln.
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PropertyEU Archive
Cautious optimism at ICSC European conference
The worst is over, but with the future still far from certain, the shopping centre industry must proceed cautiously if it is to successfully adapt itself and rebuild according to Joerg Banzhaf, Chair of the 2010 European Conference and Managing Director of ECE Projektmanagement in Germany.
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PropertyEU Archive
Soffin approves EUR 1.85b recapitalisation of HRE
Germany's financial market stabilisation fund Soffin has approved up to EUR 1.85 bn in new capital for Hypo Real Estate Holding (HRE) as part of the
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PropertyEU Archive
Altarea in 'exclusive talks' with Lafayette to acquire Cap3000
France's Galeries Lafayette said it has entered into exclusive negotiations with a joint venture of retail specialist Altarea, and insurance companies APG and Predica, on the sale of Aldeta, the listed company owning the Cap 3000 shopping centre in Saint-Laurent du Var, near Nice.
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PropertyEU Archive
Moor Park completes purchase of Sabadell properties for EUR 403m
Moor Park Capital Partners has completed the acquisition of Banc Sabadell's Spanish real estate portfolio in a EUR 403 mln sale-and-leaseback transaction. CBRE advised Moor Park on the deal while CBRE's EMEA Debt Advisory team arranged the financing for the acquisition, which was first announced in March.
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PropertyEU Archive
Allianz, Corio confirm purchase of Porta di Roma mall for EUR 440m
Germany's Allianz Real Estate confirmed on Monday that it is teaming up with Dutch retail specialist Corio to acquire the Porta di Roma shopping centre in Rome from sellers Porta di Roma Srl, controlled by Silvano Toti and Parsitalia, and Gallerie Commerciali Italia (GCI), a joint venture of Auchan and ...
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PropertyEU Archive
Two developers invest EUR 65m in St. Petersburg
A Turkish and Finnish real estate developer have announced plans to invest a total of EUR 65 mln in the St Petersburg commercial property market. Helsinki-based Technopolis said it has been granted a new EUR 32 mln financing facility by the European Investment Bank to fund the construction of the ...
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PropertyEU Archive
NH Hoteles sells London St Ermin's hotel for EUR 75m
Spanish hotel chain NH Hoteles said it has sold the St Ermin's hotel in London's Westminster in efforts to 'reinforce its liquidity'. The disposal of the 275-room hotel is 'in line with the asset divestment plan announced by the company last year,' it added. The property was acquired by a ...
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PropertyEU Archive
WP Carey appoints new head of European investment
New York-based investment firm WP Carey has appointed Cabot Lodge as president of its UK subsidiary and head of European Investments. 'Cabot's appointment to head our European investment team underlines our commitment to further strengthen the firm's international platform,' said Gordon DuGan, president and chief executive of the group. 'His ...
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PropertyEU Archive
Pirelli RE sells Große Straße retail asset to Union Investment
German investor Union Investment Real Estate has acquired the Große Straße retail property in Osnabrück, Germany for its Unilmmo:Deutschland open-ended real estate investment fund. Italy's Pirelli Real Estate is selling the asset for a total of EUR 34 mln.
