All Real Assets articles in Web Issue – Page 679
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PropertyEU Archive
Degi Intl sells in London, prepares further sales
Germany's Aberdeen Immobilien Kapitalanlagegesellschaft said on Monday that its frozen Degi International open-ended real estate fund has sold an office building in London to an unnamed institutional investor for £60 mln (EUR 70 mln).
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PropertyEU Archive
King Sturge is good fit for JLL, Ulbrich tells PropertyEU
Christian Ulbrich, chief executive officer for EMEA at Jones Lang LaSalle, tells PropertyEU why King Sturge is such a good fit. The merger of the two firms will create a firm with a presence in 70 EMEA markets across 30 countries.
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PropertyEU Archive
Union Investment seeks new hotel partnerships
German fund manager Union Investment Real Estate intends to strengthen its position in the European hotel investment market by entering into new strategic partnerships.
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PropertyEU Archive
Sogecap purchases D2 Tower development rights
The French public management entity for the development of La Défense Seine Arche, Epadesa, said on Tuesday that it has agreed a sale to Societe Generale's life insurance arm Sogecap of an additional 43,400 m[sup]2[/sup] of development rights as part of the D2 Tower development project in the Parisian business ...
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PropertyEU Archive
Quantum buys three Karstadt stores for EUR 250m
German property company Quantum Immobilien KAG said it has bought three Karstadt department stores belonging to the Highstreet portfolio for around EUR 250 mln.
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PropertyEU Archive
Covea and Batipart buy 28% stake in Medica
Batipart, the family holding of French businessman Charles Ruggieri, the founder of Fonciere des Regions, has announced the acquisition of a 9.5% stake in nursing home operator Medica. The vendor is from TBU-3 International, controlled by funds advised by private equity firm BC Partners.
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PropertyEU Archive
Enpam buys 90% of Q3 fund
The Italian pension fund for Italian doctors and dentists (Enpam) has acquired 90% of the units in the Q3 closed-end property fund, managed by Galotti's fund management arm, Quorum Sgr.
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PropertyEU Archive
LVMH to invest EUR 450m in Paris Samaritaine hotel
French luxury goods group LVMH has announced plans to invest EUR 450 mln to convert the landmark La Samaritaine department store in Paris into a mixed-use complex with a Cheval Blanc hotel. The development is said to be the largest privately funded construction project ever undertaken in Paris.
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PropertyEU Archive
Redevco, Carrefour agree lease termination in Belgium
Retail property specialist Redevco said on Tuesday that it has signed a long-awaited agreement with French retail group Carrefour regarding the termination of the lease contracts on six hypermarkets as well as the downsizing of four others properties in Belgium.
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PropertyEU Archive
AXA RE to develop major office complex in Paris
AXA Real Estate Investment Managers (AXA Real Estate) said on Tuesday that it has been selected as partner of the Opale-Défense consortium to develop a major office project located next to Balard, the future site of the French Ministry of Defence in Paris. The project will be carried out for ...
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PropertyEU Archive
Citycon bags Högdalen Centrum in Stockholm
Listed Finnish retail specialist Citycon has acquired the Högdalen Centrum shopping centre in Stockholm for SEK 207.5 mln (EUR 23 mln). The vendor is Centeni AB, the owner of the CentrumKompaniet shopping centre portfolio in Stockholm.
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PropertyEU Archive
More broker consolidation on the way, JLL's Ulbrich predicts
Christian Ulbrich, chief executive officer for EMEA at Jones Lang LaSalle, tells PropertyEU that there will likely be more consolidation among European property advisers over the next 18 months following JLL's merger with King Sturge.
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PropertyEU Archive
TMW Pramerica to liquidate open-ended Weltfonds
TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, has announced plans to liquidate its open-ended real estate fund, TMW Immobilien Weltfonds. In a statement on Tuesday, Pramerica said this decision was made 'despite all efforts and upon thorough review of all possible liquidity procurements'.
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PropertyEU Archive
PREI opens TerraCity mall in Turkey
Pramerica Real Estate Investors, the European real estate arm of US-based Prudential Financial, announced on Tuesday that it has completed its first development project in Turkey, a shopping centre in Antalya built with Istanbul-based joint venture partner, Eria Partners.
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PropertyEU Archive
European debt market continues to tighten in Q1: CBRE
The debt market in Europe continued to tighten in the first quarter of 2011, according to a new research report issued by CB Richard Ellis. Margins have moved up in periphery and core markets, including France and Germany; mostly in anticipation of the European Central Bank's decision to raise interest ...
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PropertyEU Archive
FdM, Credit Agricole close EUR 170m Campanile hotel deal
An 80/20 joint venture of Crédit Agricole Assurances' Predica and Pacifica insurance units and Foncière des Murs (FdM) has finalised the purchase of a portfolio of 32 Campanile hotels from the Louvre Hôtels group for just over EUR 170 mln.
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PropertyEU Archive
Neinver, MAB to open Roppenheim outlet in spring 2012
Spanish retail specialist Neinver and Dutch developer MAB have scheduled the opening for their joint Roppenheim The Style Outlets in France for spring 2012. In a statement on Tuesday, the partners confirmed that the development of the outlet centre is progressing according to plan and meeting the deadlines.
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PropertyEU Archive
Bouwfonds carries out 3rd resi deal in Sweden
International property fund manager Bouwfonds has acquired three assets comprising a total of 49 apartments for SEK 90 mln (EUR 10 mln) in Sweden. Property adviser Savills acted for the vendor, Swedish private property company Collegio.
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PropertyEU Archive
GPR European index returns 3.4% in May
European listed real estate, as represented in the GPR 250 Europe Index, finished 3.4% higher in May. This follows on from a performance of 3.6% in April.
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PropertyEU Archive
ECE starts contruction of EUR 360m Skyline Plaza project
German retail specialist ECE Projektmanagement said on Wednesday that it has started the construction of its flagship Skyline Plaza shopping and leisure centre in Frankfurt's Europaviertel (European Quarter).
