All Real Assets articles in Web Issue – Page 610
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PropertyEU Archive
Window of opportunity closing for occupiers
The third quarter of 2010 has seen the aggregate vacancy rate in Europe level off at 10.1% , according to the latest research by CB Richard Ellis (CBRE). In some key markets, such as London and Munich, available supply is shrinking. However, sizeable variations exist within many cities, ...
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PropertyEU Archive
F&C REIT Germany launches Spezialfonds for pension fund
F&C REIT Asset Management Germany has launched a Spezialfonds on behalf of a German pension fund. The fund will follow a core-plus strategy with a targeted capital expenditure of EUR 120 mln.
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PropertyEU Archive
Pradera retail fund looks to France and Italy
Pradera Europe's Open-Ended Retail Fund (POERF) is looking for assets in Italy and France following the acquisition of three shopping centres in Poland earlier this month. The Polish malls are being bought from UK-based investor Carpathian for a total of EUR 40 mln.
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PropertyEU Archive
Terreis seals EUR 209m worth of deals in France
French SIIC Terreïs is buying EUR 209 mln worth of Paris assets in a deal which 'significantly increases its asset size and its financing structure'. The company said it is taking over Dab Expansion from the holding company of businessman Jacky Lorenzetti for EUR 19.50 per share.
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PropertyEU Archive
Massena buys office building for EUR 46m
French SIIC Fonciere Massena has acquired an office building in Levallois Perret in the northwester suburbs of Paris for EUR 46.5 mln. The vendor is a private client of the Bank of Ireland.
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PropertyEU Archive
Great Portland acquires London property for EUR 50m
London-listed Great Portland Estates has acquired 20 St James's Street, SW1 for £42.5 mln (EUR 50 mln). This equates to a capital value of £765 per sq ft, from IVG Development (UK).
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PropertyEU Archive
Pension fund backs EUR 765m deal in Sweden
A new company established by Sweden's first national pension fund has acquired a 860,000-m[sup]2[/sup] property portfolio for more than SEK 7 bn (EUR 765 mln).
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PropertyEU Archive
CDS Holding opens Fiordaliso redevelopment
CDS Holding has completed the extension and redevelopment of the Fiordaliso shopping centre at Rozzano, Milan. The EUR 50 mln project, designed by Studio Sviluppo, involved the construction of 23,000-m[sup]2[/sup] additional retail area, as well as the redevelopment of the existing 43,000 m[sup]2[/sup] of space.
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PropertyEU Archive
Simon and CSC spar over mega Trafford deal
US-based Simon Property Group (SPG) claimed on Wednesday that the proposed EUR 1.9 bn acquisition by London-listed Capital Shopping Centres of the Trafford Centre in Manchester would inflict 'profound value destruction' on CSC and its shareholders.
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PropertyEU Archive
Germany's office market to profit from global growth: Deka
German office rents are expected to grow by 2% next year, with vacancy rates falling to 11.2% due to an improving economy, according to Deka's Immobilien Monitor 2011 published on Wednesday.
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PropertyEU Archive
ICSC Hellenic seminar draws on Spanish experience
Senior retail real estate professionals in Greece will learn how Spain’s retail property industry is dealing with the recession at the International Council of Shopping Centers (ICSC)’s Hellenic Seminar, Wednesday 15 December. The event, being held at Ypatia Mansion, will be followed by a tour of the brand new Athenian ...
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PropertyEU Archive
Knight Frank strengthens presence in Spain
Knight Frank has announced the opening of a new office in Barcelona. The office will be headed by Alfredo Pérez Pons, a former executive partner at Capital Dinamyc. The new office will initially boast a team of four people and will offer property related services ranging from marketing to real ...
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PropertyEU Archive
European stocks down 6.2% in November: GPR
European listed real estate, as represented in the GPR 250 Europe Index, returned a 6.2% loss in November. The individual land indices with positive returns were as follows: Israel 1.9% (= Gazit Globe); Poland 0.6% (= GTC); Germany 0.5%.
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PropertyEU Archive
Battle for trophy assets to continue in 2011: JLL
Global direct commercial real estate investment volumes will rise by 25-35% on 2010 level as a significant weight of equity capital targets real estate and fresh capital-raising enlivens the market, according to Jones Lang LaSalle's final Global Market Perspective report of 2010.
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PropertyEU Archive
LaSalle acquires London shopping park for EUR 63m
LaSalle Investment Management announced on Thursday that it has acquired the Arena Shopping Park in Haringey, North London. The purchase price was £53 mln (EUR 63 mln), giving a 5.34% net initial yield.
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PropertyEU Archive
Amundi buys office complex in Montpellier
French real estate investment manager Amundi Immobilier has annonced the purchase of 10,500 m[sup]2[/sup] of office space under development in Montpellier, Southern France, on behalf of its Slivimo and Lion SCPI investment vehicles. The development project was sold by Artea Group for around EUR 23 mln, excluding taxes.
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PropertyEU Archive
Volker Riebel appointed CEO of Conwert
Volker Riebel has been appointed the new CEO of Austrian real estate company Conwert Immobilien Invest SE. Riebel who holds a doctorate in economics, will take over this function from Johann Kowar on 1 Janaury.
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PropertyEU Archive
DG Hyp to pull out of international markets
German lender DG Hyp, which is part of the DZ BANK Group, is to withdraw from international markets as part of a drive to focus on operations at home, a DG Hyp spokesman told PropertyEU.
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PropertyEU Archive
Erith joins Savills valuation team in France
International real estate advisor Savills has appointed Catherine Erith to join its French valuation department. Erith, who joins Savills as an associate director, has 12 years experience in the industry.
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PropertyEU Archive
IVG Institutional Funds sell office property in Madrid
International property adviser Savills has advised IVG Institutional Funds in the sale of an office building in Madrid. The property was acquired by local private investors for about EUR 28 mln.
