All Real Assets articles in Web Issue – Page 574
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PropertyEU Archive
Pandox acquires Brussels hotel for EUR 29m
Swedish hotel company Pandox is strengthening its position in the Belgian hotel property market with the purchase of the Brussels Hilton hotel property and operations for EUR 29 mln.
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PropertyEU Archive
Unicredit to sell EUR 300m portfolio in Rome
Italian lender Unicredit has mandated Cushman & Wakefield to sell a portfolio consisting of seven office buildings in central Rome, well-informed market souces have confirmed to PropertyEU. The 7 Re portfolio, with a value of some EUR 300 mln, includes two historic buildings, Palazzo Mancini and Palazzo Verospi, located at ...
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PropertyEU Archive
Europe sees highest volume of cross-border activity: JLL
The near doubling of global commercial real estate transactions in the first half of 2010 compared to the same period a year ago was underpinned by a return to pre-crisis levels of cross-border investment, according to new research from Jones Lang LaSalle. Total global commercial real estate investment totalled $132 ...
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PropertyEU Archive
Corporate RE departments play 'critical role' in M&A process: CBRE
With M&A activity on the rise globally, corporate real estate departments have an increasingly critical role to play in the consolidation process by preparing corporate portfolios for strategic change, according to CB Richard Ellis.
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PropertyEU Archive
Herald completes letting of Serravalle Retail Park
The EUR 930 mln Henderson European Retail Property Fund (Herald) has completed the second and final letting phase of Serravalle Retail Park (Alessandria), in Italy.
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PropertyEU Archive
Skanska to start green office project in Prague
Global construction and development company Skanska is developing the City Green Court office property with a strong environmental profile in Prague in the Czech Republic. Skanska's investment totals EUR 38 mln.
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PropertyEU Archive
AEW Europe buys 12,000 m[sup]2[/sup] office project in Paris
Bouygues' real estate development unit Sodearif has sold an office development project to AEW Europe for an undisclosed amount. AEW Europe is buying the asset on behalf of a French institutional investor.
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PropertyEU Archive
Prologis leases 42,000m[sup]2[/sup] in Netherlands and Poland
Prologis has signed third-quarter lease agreements in previously unleased space totalling approximately 41,700 m[sup]2[/sup] with three customers in Europe.
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PropertyEU Archive
Panattoni appointed to build new 32,500 m[sup]2[/sup] facility
Warsaw-based Panattoni Europe said that it has been appointed by Polish appliance producer Zelmer to develop a new built-to-suit facility in the Glogow Malopolski municipality, in the southeast of the country.
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PropertyEU Archive
Patrizia launches 5th special real estate fund
German company Patrizia has announced that its KAG subsidiary is launching its fifth special real estate fund, Patrizia Domizil I. The special fund has a total investment volume of EUR 300 mln and was set up for an institution for professional retirement pensions.
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PropertyEU Archive
Redevco acquires prime retail property in York
Redevco United Kingdom has purchased the freehold investment of a prime retail unit at 48 Coney Street/8-10 Market Street in York for £8.8 mln (EUR 9.7 mln).
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PropertyEU Archive
ECE to develop four-star hotel at Berlin Bradenburg airport
Hamburg-based property developer ECE has joined forces with hotel operator Steigenberger Hotels AG to construct a four-star Superior Hotel at the future Capital Airport Berlin Brandenburg International BBI.
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PropertyEU Archive
ING RED sells stake in Berlin hotel project
Swiss group Peach Property said that it has acquired an 80% interest in the Am Zirkus 1 hotel project from ING Real Estate Development. Germany's Deutsche Immobilien is retaining its 20% stake in the development project. The financial details were not disclosed.
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PropertyEU Archive
Charles Tillett joins JLL
Charles Tillett has been appointed director in Jones Lang LaSalle's Corporate Solutions England team. He joins the firm from Cushman and Wakefield where he was a partner within the Global Client Solutions team managing, retaining and winning some of the firm's largest corporate occupier accounts.
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PropertyEU Archive
FdM to expand in German hotel market
French SIIC Foncière des Murs (FdM) is looking at new opportunities outside its home market after sealing the acquisition last month of a European hotel portfolio in partnership with insurance group Predica.
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PropertyEU Archive
Metric buys Coventry retail park for EUR 21m
UK specialist REIT Metric Property Investments has exchanged contracts on the acquisition of Airport Retail Park, Coventry from Citi Property Investors for £18 mln (EUR 21 mln).
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PropertyEU Archive
LaSalle acquires London property from Blackstone for EUR 32m
LaSalle Investment Management announced on Friday that it has purchased 100 Middlesex Street, London, E1 from Blackstone, in conjunction with Generation Estates on behalf of a pension fund client. The property was sold for £26.5 mln (almost EUR 32 mln), reflecting a net initial yield of 5.5%.
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PropertyEU Archive
Kungsleden divests property for EUR 6m
Listed Swedish property company Kungsleden is selling a commercial property to a joint venture held by the Municipality of Sigtuna and municipal housing corporation Sigtunahem. The purchase price amounts to SEK 52 mln (EUR 6 mln). The buyer is also taking over a project for SEK 4 mln.
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PropertyEU Archive
Befimmo disposes of Antwerp building for EUR 7.7m
Brussels-listed Befimmo announced an agreement has been signed for the sale of the Kattendijkdok building in Antwerp for EUR 7.7 mln. Thw property is being sold by Fedimmo, a subsidiary in which Befimmo holds a 90% interest.
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PropertyEU Archive
Nordcapital acquires PwC head office in Amsterdam
Hamburg-based Nordcapital Real Estate has acquired the Dutch headquarters of Pricewaterhousecoopers. The investment volume is believed to be almost EUR 100 mln.
