All Real Assets articles in Web Issue – Page 562
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PropertyEU Archive
ICSC lines up international brands for Outlet Conference
Representatives from established international brands such as La Perla and Desigual will speak at this year's European Outlet Conference of the International Council of Shopping Centers (ICSC). The event, which last year drew senior industry representatives from more countries than any other outlet conference, is being held this year from ...
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PropertyEU Archive
Cornerstone eyes new takeover candidates in Germany
Cornerstone Real Estate Advisers (formerly Protego Real Estate Investors) sees more opportunities for retail acquisitions in the German market following its purchase of an 8,500-m² supermarket in Wuppertal through its German Retail Fund. ‘More product is coming onto the market and there are some interesting opportunities. Vendors are becoming more ...
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PropertyEU Archive
ING RE regrets loss of North Yorkshire County Council
ING Real Estate Select said it regrets its dismissal by North Yorkshire County Council pension scheme following the fund manager's decision to relocate to the Netherlands. 'We are sorry that the North Yorkshire County Council pension scheme has come to this decision at a moment that we believe our clients ...
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PropertyEU Archive
Berlin Hyp provides EUR 1b of new lending in H1
Berlin Hyp announced on Wednesday that its volume of new lending exceeded EUR 1 bn for the first six months of 2010, 20% up on the same period last year. Including extensions of loans by one year or more, the volume comes to EUR 1.3 bn.
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PropertyEU Archive
ING Real Estate losses narrow to EUR 4m in Q2
The real estate arm of Netherlands-based financial group ING saw its losses narrow to EUR 4 mln in the second quarter of 2010 from a loss of EUR 580 mln in the same period last year following an improvement in valuations.
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PropertyEU Archive
London investment rises to EUR 2.3b in Q2: CBRE
Central London investment volumes rose sharply during the second quarter as strong investor demand was quelled by an increase in stock on the market, CB Richard Ellis said on Wednesday. Investment turnover rose 57% over the quarter to reach £1.9 bn (EUR 2.3 bn).
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PropertyEU Archive
NCC sells logistics facility in Copenhagen for EUR 20m
NCC Property Development has sold a logistics facility in Greve outside Copenhagen for SEK 193 mln (EUR 20.5 mln). The buyer, Nordic Real Estate Partners (NREP), will take over the facility when it is completed on 1 May 2011.
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PropertyEU Archive
Raven Russia sells warehouse unit for EUR 32m
Warehouse specialist Raven Russia has signed contracts to sell its subsidiary, RR Baltiam, to Cypriot-registered company Casebre Holdings for $42 mln (EUR 32 mln). RR Baltia is the owner of a 28,000 m[sup]2[/sup] warehouse property at Baltia, Moscow. Raven Russia said that the purchase price represents a 48% premium to ...
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PropertyEU Archive
Real I.S. raises EUR 378 mln for first special fund
Real I.S. Investment has successfully carried out the first closing of its BGV IV real estate special fund with capital commitments of around EUR 378 mln at end July. The diversified BGV IV real estate portfolio is the most recent in the series of Real I.S.'s institutional funds and is ...
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PropertyEU Archive
Sacyr agrees major debt refinancing to keep business afloat
Spain's Sacyr Vallehermoso (SyV) said that its real estate development unit has reached an agreement with its banks in a bid to deal with its financial woes.
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PropertyEU Archive
Lending terms becoming more competitive in Continental Europe: CBRE
Lending terms are becoming more competitive in some European markets, in particular in Germany, the Netherlands and France, according to CB Richard Ellis’ forthcoming Capital Markets Report. At the same time, average key lending terms have remained relatively unchanged since Q1 2010 across most major European markets, the report concludes.
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PropertyEU Archive
Christie + Co markets Swindon hotel development site
Christie + Co, acting on behalf of Hotel Procurement Ltd, is offering for sale the freehold of a hotel development site in a prominent location in Swindon. Detailed planning permission has been granted for a 102 en suite-bedroom hotel to be developed at the Swindon Gateway Leisure Park, which is ...
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PropertyEU Archive
Private equity groups eye stake in MSREF: report
US private equity firms KKR and TPG are believed to have expressed interest in buying a stake in Morgan Stanley's Real Estate Fund (MSREF). Colony Capital has also reportedly approached the company, according to a report in the Financial Times.
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PropertyEU Archive
AMB boosts European leasing activity by 13,000m2
New York-listed AMB Property Corporation has boosted its leasing portfolio in Europe by 13,000 m[sup]2[/sup] since the start of this year. 'We are encouraged by the recent leasing activity,' said Mo Barzegar, AMB's managing director, Europe. 'Our customers continue to be cautious about making long-term decisions regarding the take-up of ...
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PropertyEU Archive
H&M takes 1,300m[sup]2[/sup] in Galeria Gniezno
Retail brands H&M, Top Secret, Butik and Kolporter have signed lease agreements in Galeria Gniezno in the Polish city of Gniezno for a total of 1,650 m[sup]2[/sup]. Occupying around 1,300 m2, the H&M store is the first in Gniezno.
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PropertyEU Archive
HGI outlet fund raises EUR 140m to expand in Europe
Henderson Global Investors (HGI) announced on Thursday that its EUR 1.4 bn European Outlet Mall Fund (EOMF) is seeking to expand its portfolio through investments in prime designer outlet centres in Continental Europe.
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PropertyEU Archive
Swiss pension fund in second UK acquisition
Swiss pension fund association Afiaa has made its second UK investment with the acquisition of Quartermile 2, a brand-new building in Edinburgh. 'AFIAA is systematically continuing its investment strategy of making anticyclical investments,' the company said.
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PropertyEU Archive
C&W appointed sole letting agent for London Bridge City estate
Cushman & Wakefield has been appointed as sole letting agent on the London Bridge City estate by owner St Martins Property Investments.
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PropertyEU Archive
Bronapur hires Aguirre Newman to market new Zaragoza mall
Spanish real estate developer Bronapur has mandated Aguirre Newman to market the retail space of the Puerta de Ayud shopping centre project in Calatayud, near Zaragoza, southern Spain. The development, which was designed by architectural firm L35, is being developed by Bronapur and will offer nearly 34,000 m[sup]2[/sup] of retail ...
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PropertyEU Archive
CBRE announces raft of senior appointments
CB Richard Ellis Group has announced that a large number of senior commercial real estate services professionals, mostly in production, have joined the company globally since May 2010. The appointments took place across the property advisor's business in Europe, the US and Asia.
