All Real Assets articles in Web Issue – Page 612
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PropertyEU Archive
CSC dismisses latest Simon proposal on Trafford Centre
London-listed Capital Shopping Centres Group has described the latest proposal made by Simon Property Group (SPG) in relation to the EUR 1.9 bn acquisition of Trafford Centre shopping centre in Manchester as 'incapable of implementation and completely impracticable'.
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PropertyEU Archive
S&P raises DG Hyp's rating outlook to 'stable'
S&P has raised DG Hyp's rating outlook from 'negative' to 'stable'. Commenting on its decision, the rating agency cited the bank's stronger focus in its commercial real estate finance business on its core German market, in close cooperation with the German Cooperative Financial Services Network.
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PropertyEU Archive
Acron to list EUR 109m office property fund
Swiss closed-end fund manager Acron has announced plans to place its Acron Helvetia VII Immobilien vehicle on the market. The company said it will seek a listing on the Bern Stock Exchange for the fund, which is the owner of the Portikon office building representing an investment of CHF 142 ...
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PropertyEU Archive
Deka seals Frankfurt's largest single rental of 2010
German fund manager Deka Immobilien said on Tuesday that it has reached an agreement to rent out its Poseidon office project in Frankfurt's largest single leasing deal of 2010.
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PropertyEU Archive
Kungsleden divests properties for EUR 22m
Listed Swedish property company Kungsleden is divesting six properties for a total purchase price of SEK 205 mln (EUR 22.5 mln) in three separate transactions.
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PropertyEU Archive
Tchenguiz buys EUR 237m of debt backed by Santander HQ - report
UK property tycoon Robert Tchenguiz is leading an Abu Dhabi-backed consortium buying about £200 mln (EUR 237 mln) of debt backed by the Spanish headquarters of Santander, the Financial Times has reported.
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PropertyEU Archive
Gecina to launch new residential unit, eyes deleveraging
French REIT Gecina has announced plans to transfer its residential property portfolio into a new unit, which will eventually be open for investment by third parties.
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PropertyEU Archive
'Hopes of stronger income growth drive improved hotel sentiment'
Confidence in the EMEA hotel investment market continues to build with investors anticipating trading fundamentals will stabilise or improve over the next six months according to the latest Hotel Investor Sentiment Survey (HISS) by Jones Lang LaSalle Hotels.
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PropertyEU Archive
Multi-speed recovery set to test property investors: LaSalle
The multi-speed global economic recovery and fast-moving capital markets will create a demanding environment for real estate investors in 2011, according to LaSalle Investment Management (LaSalle), in the 17th edition of its Investment Strategy Annual.
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PropertyEU Archive
MAB pulls out of EUR 100m German mall project
Dutch builder MAB Development is abandoning plans to develop a shopping centre in the German city of Moers, located between Essen and the Dutch border. According to a statement issued by the municipality, the investor has announced its intention to withdraw from the EUR 100 mln retail project at the ...
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PropertyEU Archive
NCC sells logistics project in Gothenburg for EUR 20m
NCC Property Development has sold a logistics project at the Port of Gothenburg for SEK 188 mln (EUR 20.5 mln). The purchaser, Hemfosa, will take possession when the project has been completed, which is expected to be in the first quarter of 2012.
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PropertyEU Archive
KanAm US-grundinvest fund pays out first $250 mln
German fund manager KanAm has, as announced in September, paid out the first tranche of $250 mln (EUR 186 mln) to unit holders in its US-grundinvest fund which is in the process of being liquidated. Following the payment, the fund is worth around $253 mln.
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PropertyEU Archive
CSC rejects Simon's indicative EUR 3.4b offer
Capital Shopping Centres (CSC) Group has rejected Simon Property Group's indicative offer of up to 425p per share, or £2.9 bn (EUR 3.4 bn), to acquire the UK-listed regional mall owner.
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PropertyEU Archive
JP Morgan funds buy London office for EUR 657m
Two funds by JP Morgan Asset Management have acquired the Bishops Square office complex in London for £557 mln (EUR 657 mln). The vendor is a 75:25 joint venture between Oman Investment Fund, an investment arm of the Omani Government, and UK REIT Hammerson.
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PropertyEU Archive
Henderson appoints asset manager at outlet mall fund
Henderson Global Investors has hired Jamie Acheson as an asset manager for its EUR 1.3 bn European Outlet Mall Fund (EOMF). Acheson joins from Colliers International where he worked for six years in the retail development team, working largely on shopping centre development projects in emerging markets; North Africa, Far ...
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PropertyEU Archive
IPD appoints new MD for France & Southern Europe
Stephanie Galiègue has been appointed Managing Director of IPD France & Southern Europe. Galiègue, who replaces Christian de Kerangal who held the position for six years, is promoted from her current role of Global Head of Portfolio Analysis Service (PAS). Her new role takes effect on 17 January 2011.
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PropertyEU Archive
Aviva, Kaupthing jv to redevelop Middlesex hospital site
Kaupthing Bank, Aviva Investors and Exemplar Properties announced on Friday that they have entered into an agreement to develop the former Middlesex Hospital site on Mortimer Street in Fitzrovia, London. The three-acre site will be transformed into an integrated sustainable mixed-use community, centred on a new landscaped public realm that ...
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PropertyEU Archive
RGI denies top execs are using company as 'personal bank'
RGI International has denied accusations that its CEO and chairman are using the company as a 'personal bank'. The AIM-listed Russian real estate company was responding to board member Petr Shura who has called on fellow shareholders to support an overhaul of the board.
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PropertyEU Archive
Ruud Roosen joins Bouwfonds REIM
Bouwfonds REIM has recruited Ruud Roosen in as director of Parking Fund II for the Commercial Real Estate Investment business unit with an eye to further expansion of the company's institutional funds. He is responsible for fund management of Bouwfonds European Real Estate Parking Fund II.
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PropertyEU Archive
German investors check out UK regions
German investors are showing more interest in regional capitals in the UK as a way of diversifying their London-dominated holdings. Glasgow was top of the list in November. Union Investment acquired the 6,308 m[sup]2[/sup] Equinox Building in Glasgow. The price for the fully let Grade-A building was kept confidential but ...
