All Real Assets articles in Web Issue – Page 575
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PropertyEU Archive
DTZ appoints Hugh Radford as head of UK Retail
Global property advisor DTZ has appointed Hugh Radford as head of UK Retail. Radford has been a director at DTZ since 2007 when the company acquired Donaldsons, where he was an equity partner. He retains responsibility for the business's retail agency team.
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PropertyEU Archive
Benson Elliot picks up Berlin residential portfolio
Private equity real estate firm Benson Elliot Capital Management has completed the EUR 36.7 mln acquisition of a portfolio of multifamily residential properties in Berlin's popular Friedrichshain district. The portfolio comprises 720 units, most of which have been substantially renovated in recent years, all within walking distance of Berlin's city ...
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PropertyEU Archive
Knight Frank Ireland expands
Independent global property consultancy Knight Frank has expanded in Ireland through the merger with the Dublin-based management practice Most Commercial Management. The move will significantly boost Knight Frank Ireland's business operations, turnover and staff in the field of commercial property, asset and facility management, the company said.
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PropertyEU Archive
Union Investment rings in Swisscom in Zurich
Union Investment Real Estate has signed one of Switzerland's biggest leases of the year for its 51 Fifty-One new build in Zurich-West. The scheme was developed by Marazzi at its own risk and was acquired by Union Investment in 2008.
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PropertyEU Archive
Movianto moves into Prologis park in Senec
Movianto Slovensko, a provider of logistics services for the pharmaceutical industry, is establishing its Slovakian office and distribution centre in the Prologis Park in Senec, near Bratislava. The company began business operations in August this year.
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PropertyEU Archive
RREEF acquires Commerz office scheme for EUR 108m
Commerz Real announced on Monday that it has sold the Grade A office property Capital House in London to fellow German investment company RREEF Investment for about EUR 108 mln.
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PropertyEU Archive
ICSC to hold 2011 European conference in Paris
The International Council of Shopping Centers (ICSC) is to hold its 2011 European Conference in Paris on June 15 -17. The event will run in tandem with SIEC, the French National Council of Shopping Centers (CNCC) annual commercial real estate exhibition.
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PropertyEU Archive
Banks to unbundle portfolios from early 2011: Internos
Investors will have a 12 to 24 month window of opportunity as major banks, under pressure on all sides, unbundle their European real estate portfolios, says Jos Short, executive chairman of Internos Real Investors, in the latest issue of Internos' strategic bulletin, The Decisive Eye..
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PropertyEU Archive
Pension fund acquires EUR 30m industrial asset from Max
Orchard Street Investment Management, representing an unidentified pension fund, has acquired a 34,000-m[sup]2[/sup] industrial real estate asset in the UK for £30 mln (nearly EUR 36 mln). The vendor in the off-market deal is Max Property Group, advised by Prestbury Investments.
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PropertyEU Archive
DUPD buys 35% stake in major Ukrainian developer
Dragon-Ukrainian Properties & Development (DUPD) has acquired a 35% interest in Arricano Trading, a developer of upscale shopping centres in Ukraine. The acquisition was carried out through the issue of new shares by Arricano for $30 mln (EUR 23 mln).
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PropertyEU Archive
AXA RE strengthens French property services team
AXA Real Estate has announced a number of senior management promotions within its property services team in France. Pascal Aujoux has been promoted to head of Property Services France, reporting to Eric Stampfli, head of Property Services for Southern Europe.
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PropertyEU Archive
Ben Young joins Delancey
UK real estate company Delancey has appointed Ben Young as a senior acquisitions executive. Reporting to managing director Paul Goswell, Young will source and purchase new property opportunities across all sectors and will also work on sales within the current portfolio, the company said.
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PropertyEU Archive
Property market should brace for carbon legislation: IPD
European and UK governments will likely resort to legislation to decrease the commercial property sector’s carbon footprint to meet the 20% target reduction in carbon emissions by 2020, delegates at last week's IPD Environment Briefing were told.
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PropertyEU Archive
Redevco completes the redevelopment of Seine Rivoli
European retail property specialist Redevco has completed the redevelopment of its Seine Rivoli scheme. The opening of the flagship Célio and Jennyfer stores, part of a European fashion chain for men and women with 1,400 stores worldwide, marks the completion of this ambitious project. In the basement, ground floor and ...
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PropertyEU Archive
LaSalle ready to fill the real estate debt gap
Investment opportunities focused on deleveraging European real estate will offer strong risk-adjusted returns in the coming years through structured investments and investing in real estate debt, according to LaSalle Investment Management (LaSalle).
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PropertyEU Archive
PropertyEU mobile news
PropertyEU's daily real estate news service is now available on a mobile website, accessible via your smart phone. This is your mobile window to our daily digital newsletter, newsflashes and special products like the Expo Real Daily news publication wherever you are.
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PropertyEU Archive
UFG Rem spends EUR 51m on Paris office
French fund manager UFG Rem has acquired office building Le Malesherbes located at Levallois-Perret, in the north-western suburbs of Paris from UBS Real Estate KAG for nearly EUR 51 mln. The acquisition was carried out for three of the group's SCPI vehicles. The property offers 10,200 m[sup]2[/sup] of space and ...
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PropertyEU Archive
Deutsche Pfandbriefbank provides EUR 70m for Catalyst deal in UK
German real estate lender Deutsche Pfandbriefbank has provided a £59.51 mln (EUR 70 mln) facility to a special purpose company owned by Catalyst European Property Fund for the acquisition of the Stratford Shopping Centre from Land Securities Group. The transaction was signed on 20 August 2010 and funded on 16 ...
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PropertyEU Archive
Union Investment acquires hotel project in Dresden
Union Investment has acquired the Holiday Inn Express hotel development in Dresden for one of its special open-ended real estate funds. The financial details were not disclosed.
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PropertyEU Archive
Spain's ACS launches takeover bid for Hochtief
Spanish construction group Actividades de Construccion y Servicios (ACS) has launched an all-share bid for the 70% of Hochtief it does not already own, but said it is targeting a controlling stake of just over 50%. The Spanish group is offering eight ACS shares for every five of the German ...
