All Real Assets articles in Web Issue – Page 671
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PropertyEU Archive
Ascott buys Paris properties for EUR 65m
Ascott, the wholly-owned serviced residence business unit of Singapore's CapitaLand, is acquiring a hotel and adjacent vacant residential property in Paris for about EUR 65 mln. Ascott plans to combine and transform the freehold properties into a serviced residence to be named Ascott Arc de Triomphe Paris. The transaction involves ...
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PropertyEU Archive
DTZ 'in discussions' after takeover approaches
Global real estate adviser DTZ has confirmed it is holding talks with various parties after receiving 'a number' of takeover approaches. DTZ made the announcement to the London Stock Exchange on Wednesday after the company's share price increased by almost 15% during the day.
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PropertyEU Archive
Schomberg apppointed to WGF supervisory board
Integrated German property company WGF has appointed real estate expert and management consultant Bärbel Schomberg to its supervisory board.
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PropertyEU Archive
Deutsche Hypo names new head of Paris branch
German lender Deutsche Hypo has appointed Anne-Isabelle Carbonnière to lead its Paris office, with full responsibility for the bank's activities in France. The appointment of Carbonnière (39) follows the retirement of Lionel Cavin, who left the company at the end of last year.
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PropertyEU Archive
British Land restructures development team
UK REIT British Land has restructured its development team to reflect the increasing importance of the activity for the company in the next few years.
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PropertyEU Archive
Horizon fund buys vacant building in Paris
Horizon French Property Partnership I, advised by Horizon Investment Management, has acquired a 6,500-m[sup]2[/sup] vacant building in the 17th arrondissement of Paris that was formerly occupied by Prisma Presse. The vendor was Pramerica.
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PropertyEU Archive
Immofinanz takes control of Moscow mall project
Listed real estate company Immofinanz announced it has acquired the remaining 25% stake it did not already own in GoodZone, a shopping centre project under construction in Moscow. Immofinanz and the vendor agreed not to disclose the price.
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PropertyEU Archive
NR Nordic & Russia sells in Stockholm
NR Nordic & Russia Properties has entered into an agreement to sell Katthavet 8, its only remaining real estate asset in Stockholm, to local property company Balder. Although the transaction price was not disclosed, the disposal is said to amount to SEK 400-450 mln (roughly EUR 50 mln). The transaction ...
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PropertyEU Archive
Arminius funds take control of EUR 1b Eurocastle portfolio
German fund manager Arminius has announced that two of its vehicles have acquired a controlling majority stake in a portfolio of 28 German properties with a market value of about EUR 1 bn belonging to Amsterdam-listed Eurocastle Investment.
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PropertyEU Archive
DIC Asset raises EUR 70m through straight bond
Frankfurt-based property group DIC Asset AG has raised EUR70mln through a straight bond, beating its minimum target of EUR 60 mln but falling short of the upper target of EUR 100 mln.
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PropertyEU Archive
PEPR management accepts Prologis offer
The management company of Prologis European Properties (PEPR) has accepted Prologis' revised offer of EUR 6.20 per ordinary unit, despite maintaining it was 'inadequate from a financial point of view'.
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PropertyEU Archive
Corio appoints former Ahold exec to head Dutch operations
Listed retail specialist Corio has appointed Jan Willem Weissink as CEO of the company's Dutch operations, bringing the number of people in the management team to four. Besides Weissink, the board will now consist of Dick Bogaards (CFO), Caroline Kievit (COO) and Paul Tankink (CDO).
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PropertyEU Archive
SGP confirms DTZ bid talks
French family-run business SGP has confirmed that it is in talks about a potential bid to buy London-listed global real estate advisory firm DTZ. The French company already owns 55% of DTZ.
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PropertyEU Archive
Bill Lane joins management team of CBRE Russia
CB Richard Ellis (CBRE) has appointed Bill Lane to the management board of its Russian operation. Lane will oversee the company's capital markets and asset management businesses in Russia, as well as provide general strategic advice and support for the development of CBRE's business in Russia.
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PropertyEU Archive
Charlie Walker joins LGP board
UK investor Legal & General Property (LGP) has announced the promotion of Charlie Walker to director and a member of the board.
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PropertyEU Archive
Catalyst Capital strengthens German team
European real estate investor Catalyst Capital has announced the appointment of Matthias Meuser to strengthen its Frankfurt office.
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PropertyEU Archive
Kusnier joins C&W Hospitality team
Michal Kušnier has become Hospitality analyst for the CEE region in Cushman & Wakefield. Kušnier will work on investment transactions, operator selections, valuations, and development advisory for within the team.
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PropertyEU Archive
L&G launches fund for DC pension schemes
UK financial services group Legal & General has announced the launch of a new fund to provide Defined Contribution (DC) pension schemes with a blend of global and UK exposure to real estate while managing volatility and liquidity.
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PropertyEU Archive
IC to manage nine properties for UK investor
IC PropertyOne Asset und Real Estate Management has taken over the property management for a total of nine assets belonging to British investor IM Properties in Germany.
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PropertyEU Archive
Bridgepoint links up with Eurazeo on EUR 1b Foncia deal
UK-based Bridgepoint has partnered with Paris-listed Eurazeo to acquire European real estate management company Foncia from France's banking giant BPCE in a deal valuing the business at EUR 1 bn.
