All Real Assets articles in Web Issue – Page 647
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PropertyEU Archive
LaSalle pairs up with BGC in derivatives platform
LaSalle Investment Management (LaSalle) has partnered with BGC Partners (BGC), a global intermediary to the wholesale financial markets, to establish a property derivatives capability for clients.
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PropertyEU Archive
Topland buys Brighton hotel from RBS
The Royal Bank of Scotland (RBS) has announced the sale of the Brighton Hilton hotel to UK investor Topland for over £39 mln (EUR 45 mln) in cash.
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PropertyEU Archive
Cordea Savills names head of Institutional Business
International property fund manager Cordea Savills has appointed Nick Hayward as director of Institutional Business, a role he first held from 2005 to 2008.
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PropertyEU Archive
Valad Europe's management buyout falls through
Sydney-listed real estate group Valad Property Group announced on Monday that the proposed sale of its European business has fallen through. The deal was said to be worth EUR 30 mln.
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PropertyEU Archive
LaSalle sees high demand for development funding
LaSalle Investment Management (LaSalle) is seeing increased demand for development financing with banks still reluctant to commit fully to the property sector following the financial crisis. The global real estate investment manager has moved to close the gap in development financing with a series of deals worth almost £100 mln ...
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PropertyEU Archive
Distressed property to rise in Europe at fastest pace
The expected supply of available distressed property is expected to rise more quickly in Europe than any other world region in the first quarter of 2011, and notably in Ireland, Hungary, Germany and the UK, according to the new RICS Global Distressed Property Monitor for the fourth quarter of 2010.
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PropertyEU Archive
Invesco targets value-added strategies
Invesco Real Estate believes the time is right to target value-added opportunities in Europe, the company’s managing director for Europe Andy Rofe told PropertyEU at MIPIM in Cannes last week.
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PropertyEU Archive
CEE investment activity hits EUR 1.2b so far this year
Real estate investment turnover in Central and Eastern Europe (CEE) reached EUR 1.2 bn in the first two months of 2011, according to new research released on Tuesday by CB Richard Ellis (CBRE). This figure includes the acquisition of Oesterreichische Volksbanken's Europolis real estate unit by CA Immobilien Anlagen, one ...
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PropertyEU Archive
GI Partners buys EUR 214m of European mortgages
Private equity firm GI Partners has partnered with Dutch investment and advisory firm Principal Company to acquire a portfolio of non-conforming residential mortgages which are collateralised by assets in the Netherlands and have a face value of EUR 214 mln.
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PropertyEU Archive
Altarea Cogedim to launch EUR 500m office fund
France's Altarea Cogedim has announced the first closing of an office-focused property investment vehicle which raised EUR 350 mln of equity from top-tier French and international institutional partners.
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PropertyEU Archive
Aberdeen AM aims to recycle Degi Europa assets
Aberdeen Asset Management is looking at ways to recycle assets from its Degi Europa fund to create portfolios attractive to institutional investors, the group's head of property Andrew Smith told PropertyEU at MIPIM in Cannes.
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PropertyEU Archive
Invesco RE sells Apsley Mills retail park
Investment manager Invesco Real Estate (IRE) has sold the Apsley Mills retail park in Hemel Hempstead, Hertfordshire, to the Crown Estate for £35 mln (EUR 40 mln).
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PropertyEU Archive
Westimmo may divest non-performing loans into bad bank - report
Germany's Westdeutschen Immobilienbank (WestImmo) is considering divesting its poorly performing or non-performing real estate loans into a workout unit or bad bank of parent WestLB, in a bid to make the real estate lending business more attractive to sell, according to a news report in the Financial Times Deutschland.
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PropertyEU Archive
Panattoni to build Czech BTS facility
Industrial space developer Panattoni Europe has announced the signing of a development contract for a build-to-suit project at Panattoni Park Prague-Airport, near the Czech capital.
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PropertyEU Archive
Marriott to build six hotels in major Russian cities
Worldwide hotel operator and franchisor Marriott is planning to open six further hotels in major Russian cities after the opening in June 2010 of its Marriott Courtyard Pushkin hotel in St. Petersburg and a second hotel in Kazan.
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PropertyEU Archive
Lloyd Fonds buys office building in Utrecht
Hamburg-based Lloyd Fonds and its Dutch partner Innova Investments have announced the signing of an agreement to purchase a seven-storey office building in Utrecht, the Netherlands, from VolkerWessels for EUR 25 mln, representing a yield of just over 6%. The building is earmarked for a new Holland fund which will ...
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PropertyEU Archive
Martinsa-Fadesa clinches debt extension
Spanish property developer Martinsa Fadesa, which filed for credit protection three years ago, said that it has reached a deal to refinance its debt burden after receiving backing from 73% of its creditors.
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PropertyEU Archive
Deutsche Pfandbrief funds Pradera's Polish purchases
Germany's pbb Deutsche Pfandbriefbank has provided EUR 24 mln worth of financing for the acquisition by the Pradera Open-Ended Retail Fund of two shopping centres in Lodz and Torun, Poland.
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PropertyEU Archive
ECE mall opens its doors in Oldenburg
German shopping centre specialist ECE Projektmanagement has announced the opening of its EUR 115 mln shopping centre in Oldenburg, Germany, representing a joint venture with the British American Tabacco pension fund.
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PropertyEU Archive
Deka fund buys building in Warsaw for EUR 103m
Germany's Deka Immobilien has acquired the fully-let North Gate office building in Warsaw, Poland for EUR 103 mln. The building was sold by two companies in the Austrian Volksbank Group, which developed North Gate via its project development company Premiumred.
