All Real Assets articles in Web Issue – Page 571
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PropertyEU Archive
Vicus Capital launches new Baltic Property Fund
Vicus Capital Advisors has said that it is launching a new real estate fund which will invest in retail properties and property development in the Baltic countries. The VCA Baltic Retail Fund will have spending power of around EUR 60 mln.
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PropertyEU Archive
Irish firm to drop Blackrock name
Blackrock International Land, the Irish quoted property investment and development company, has announced that it proposes to change its name to 'Balmoral International Land Public Limited Company'.
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PropertyEU Archive
SEB ImmoInvest sells office building in Shanghai
Fund manager SEB Asset Management has sold the Cross Tower in Shanghai to a fund managed by Ascendas, a Singapore-based real estate company. The buyer is a real estate company listed on the Hong Kong Stock Exchange. The parties agreed not to disclose the selling price.
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PropertyEU Archive
Komodor secures large leasing at Ukrainian logistics park
Komodor LLC has executed a lease agreement with Eldorado Ukraine, a leading nationwide retailer of consumer electronics and domestic appliances, for a warehouse and office area of 11,380 m[sup]2[/sup] - or 17% - of the 68,940 m[sup]2[/sup] Komodor Logistics Park.
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PropertyEU Archive
Allianz to sell EUR 1bn of German property
German insurer Allianz is putting EUR 1bn of German properties up for sale as part of a 'portfolio optimization programme', Allianz spokesman Roland Deger told PropertyEU. The insurer also plans to increase the size of its global real estate portfolio by as much as EUR 13 bn over the next ...
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PropertyEU Archive
Union Investment cashes in Fürstenhof for EUR 126m
Union Investment has sold the Fürstenhof office building in Frankfurt's financial district for EUR 126 mln. The buyer is DFH Deutsche Fonds.
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PropertyEU Archive
Jer Partners sells 25% stake in Immobel
Eastbridge Group's fully-owned unit Cresida Investment Sàrl has acquired a 25% stake in the Belgian listed real estate company Immobel from Jer Partners' Jer Europe Fund III.
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PropertyEU Archive
Cofinimmo places EUR 50m bond issue
Brussels-listed real estate company Cofinimmo has announced the private placement of a EUR 50 mln non-convertible bond.
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PropertyEU Archive
Commerz Real acquires New Babylon office property
German fund manager Commerz Real has acquired the first 12,000-m[sup]2[/sup] office building at the New Babylon development project in The Hague. The vendor is Babylon Den Haag, a joint venture between SNS Property Finance and Dutch property firm Fortress. The financial details of the transaction were not disclosed.
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PropertyEU Archive
SEB AM outlines top picks for Asia
Choy-Soon Chua, managing director of SEB Asset Management, is on the hunt for investment opportunities in Asia. In an interview with PropertyEU, he talks about his top picks and why India isn't on his list.
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PropertyEU Archive
Valad appoints new senior fund manager
Valad Europe, the pan-European real estate investment manager, has announced the appointment of Arthur Tielens as new senior fund manager.
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PropertyEU Archive
UK property returns steady in August: CBRE
CB Richard Ellis' latest UK Monthly Index shows that the All Property total return slowed only marginally in August, to 0.8% from 0.9% in the previous month. Capital growth increased by 0.3% for the month due to a small amount of yield compression, as rental values remained unchanged from July. ...
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PropertyEU Archive
Chris Taylor named CEO of Hermes REIM
Fund manager Hermes has appointed Chris Taylor as CEO of Hermes Real Estate Investment Management. Taylor comes from Australia-based global fund manager QIC, where he has been head of European property for the last four years.
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PropertyEU Archive
Investors use firepower to demand change: INREV
Non-listed real estate investment weathered the recent financial crisis no worse than the other real estate investments, according to a new report from INREV. What has changed is that many larger investors are now increasingly using their financial firepower to influence the shape of the fund management industry to better ...
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PropertyEU Archive
Segro dropped from FTSE 100
Segro has been dropped from the FTSE 100 Index, the UK's leading blue-chip Index, along with Cable and Wireless Worldwide and Home Retail Group. The three companies now join the FTSE 250 Index.
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PropertyEU Archive
Klovern acquires 37 assets in Sweden for EUR 105m
Swedish listed property company Klovern has acquired 37 mixed commercial properties in Sweden from Valad Europe, the pan-European real estate investment manager.
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PropertyEU Archive
Unibail-Rodamco gets green light for EUR 20 per share payout
Unibail-Rodamco, Europe's largest listed real estate company, has confirmed that it is to distribute EUR 20 per share to shareholders. Shareholders backed the distribution proposal during a general meeting this week. The distribution will be paid on 12 October 12.
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PropertyEU Archive
UK residential on track to deliver 9.6% return in 2010, says IPD
Investment grade market let residential property delivered a solid 4.7% six-month total return to June, according to the inaugural IPD UK Biannual Residential Investment Indicator.
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PropertyEU Archive
Immofinanz clinches EUR 79m refinancing for two Moscow malls
Austrian real estate company Immofinanz has successfully closed a $100 mln (EUR 79 mln) refinancing deal with Nordea Bank for two shopping centres located in Moscow. The refinancing efforts for the two properties were begun at the end of 2009 and successfully closed in August 2010, despite the extremely challenging ...
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PropertyEU Archive
New partner in C&W’s UK office agency group
Cushman & Wakefield has appointed Mark Denford as a partner within its UK Office Agency group, based at its Thames Valley office.
