All Real Assets articles in Web Issue – Page 577
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PropertyEU Archive
Simon Blake returns to CBRE
Simon Blake is to rejoin CB Richard Ellis (CBRE) in a new role as head of Capital Markets UK, spearheading the strategic direction of the division.
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PropertyEU Archive
Garigal to manage C & R German retail portfolio
Frankfurt-based Garigal Retail Immobilien has partnered with Capital & Regional and Area Property Partners to manage their German retail portfolio.
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PropertyEU Archive
Strong turnout expected for Corenet Global European Summit
Over 400 senior level attendees from 18 countries will be welcomed to London by Deputy Mayor Richard Barnes during the Corenet Global EMEA Summit being held on 27-29 September.
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PropertyEU Archive
Multi and Tesco open phase two of Forum Liberec
Retail development specialist Multi Development and retail chain Tesco opened the second phase of shopping and entertainment centre Forum Liberec in the Czech Republic.
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PropertyEU Archive
Songbird to raise EUR 165m in underwritten placement
London-listed Songbird Estates, the majority owner of Canary Wharf in London, intends to raise £140 mln (EUR 165 mln) in an open offer to repay a loan from shareholders.
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PropertyEU Archive
RREEF acquires Frankfurt project for EUR 19m
RREEF Spezial Invest has acquired an office building at the Schwedler-Carré centre in the German city of Frankfurt. The investment volume was EUR 19 mln. The 6,000-m[sup]2[/sup] property is being built by Max Baum Immobilien and completion is scheduled for late 2011.
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PropertyEU Archive
Niam buys Boultbee mall in Sweden for EUR 21m
Swedish private equity group Niam said that it has acquired the Lennart 17 retail property in Västerås, Central Sweden, from a Boultbee bankruptcy estate represented by consultancy group Ackordcentralen. The transaction price amounted to SEK 187 mln (EUR 21 mln). The operation is expected to be completed by November 1, ...
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PropertyEU Archive
Pandox acquires hotel in Stockholm for EUR 22m
Swedish hotel company Pandox has completed its second acquisition this month with the purchase of the Park Inn Solna hotel in the northern part of Stockholm. The property was acquired for EUR 22 mln from Franco-Dutch group Unibail-Rodamco.
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PropertyEU Archive
EBRD mulls EUR 37m financing to Montenegro hotel project
The European Bank for Reconstruction and Development (EBRD) said it is considering providing a EUR 37 mln long-term debt facility to Adriatic Properties to fund the redevelopment of a landmark tourist site into a prime hotel resort on Montenegro's coast.
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PropertyEU Archive
Santander plans EUR 584m reverse sale-and-leaseback: report
Spanish banking giant Santander intends to buy £500 mln (EUR 584 mln) of properties it uses in the UK, according to a report in Property Week. The publication said Santander is close to agreeing the purchase of hundreds of offices and bank branches owned by London-listed outsourcing specialist Mapeley.
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PropertyEU Archive
Metric adds Nottingham retail park to portfolio
UK specialist REIT Metric Property Investments has acquried Nottingham Road Retail Park, Mansfield, UK from private clients of CBRE Investors.
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PropertyEU Archive
Savills advises DekaBank on NY hotel loan
Savills has advised DekaBank Deutsche Girozentrale on the sale of its senior mezzanine loan on the W Hotel at Union Square in New York. The hotel was acquired by Host Hotels & Resorts. The transaction was the result of the owner, a Middle Eastern investor, defaulting on its loan.
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PropertyEU Archive
Parkridge begins work on Neptune Point in UK
UK developer Parkridge has started work on site at its EUR 59 mln project at Neptune Point, Harrow after securing funding from Standard Life. The residential accommodation has been pre-sold to Galliard Homes.
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PropertyEU Archive
Inaugural Inrev quarterly index sees non-listed funds return to growth
European non-listed real estate funds returned to positive territory for the first time since 2007, according to the inaugural quarterly index published on Friday by Inrev, the European association for the non-listed sector.
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PropertyEU Archive
JLL strengthens London valuation team
Jones Lang LaSalle has made several appointments to its London Valuation Advisory team. Charlotte Low and Ricky Tsang join as senior surveyors, Clarke Vallance as an analyst and Tom Walker as a surveyor.
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PropertyEU Archive
European funds deliver marked recovery over H1: IPD
European pooled property funds have made a marked recovery over the 12 months to June, delivering an 8.3% local currency total return, compared to -18.6% over the previous year to June 2009, according to the IPD European Pooled Property Fund Indices (ePPFI).
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PropertyEU Archive
Knight Frank profit climbs 168% to £58m
UK property services group Knight Frank has reported strong net profit of £58 mln (EUR 68 mln) in the year to end-March 2010, up 168% from just £22 mln a year before. Its turnover rose by 13% year-on-year to £288 mln, from £256 in the same period in 2009, largely ...
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PropertyEU Archive
Bouwfonds spends EUR 37m on residential properties
Bouwfonds European Residential Fund has extended its residential real estate portfolio with the acquisition of student apartments in Toulouse, a complex in Munich and a property in Mannheim. The investment in these acquisitions amounts to EUR 37 mln in total, equal to 14 times the actual rent.
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PropertyEU Archive
Cordea Savills buys building in Paris for EUR 48m
Real estate fund manager Cordea Savills has completed the purchase of a retail and office building in the central business district of Paris for EUR 48 mln on behalf of the European Commercial Fund. The net initial yield is 5.3%.
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PropertyEU Archive
Alfa opens first modern mall in Prievidza
Russia's Alfa Group has opened the first large modern shopping centre in the Slovak city of Prievidza. Named Korzo, the mall comprises 11,700 m[sup]2[/sup] of leaseable area.
