All Real Assets articles in Web Issue – Page 689
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PropertyEU Archive
Mark Roberts joins RREEF as global head of research
RREEF, the real estate investment business of Deutsche Bank's Asset Management division, has appointed Mark Roberts as managing director and global head of research.
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PropertyEU Archive
Invista bags Dundee's Wellgate Centre in EUR 35m deal
Clients of Invista Real Estate Investment Management (Invista) have acquired the Wellgate shopping centre in Dundee, Scotland for just over £31 mln (EUR 35 mln) in a deal said to be the largest Scottish investment transaction this year.
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PropertyEU Archive
DTZ IM acquires St John's retail park for EUR 46m
DTZ Investment Management has acquired the St John's retail park in Wolverhampton for nearly £41 mln (EUR 46 mln), reflecting a yield of 5.75%. The vendor was Aberdeen Asset Management.
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PropertyEU Archive
Hermes buys London offices for EUR 86m
Hermes Real Estate Investment Managers (HREIM), acting on behalf of the British Telecom Pension Scheme (BTPS), has purchased two adjoining office buildings in London for £76 mln (EUR 86 mln).
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PropertyEU Archive
SEB Enskilda CF to launch property advisory unit
Helsinki-based investment bank SEB Enskilda Corporate Finance said on Wednesday that it is creating a new business unit focused on real estate advisory. The company has appointed Juho Puhakainen as head of Real Estate, responsible for establishing the new business by September.
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PropertyEU Archive
Neil Jones drops exec role at Almacantar
Neil Jones, co-founder and joint managing director of Luxembourg-based investment company Almacantar, has decided to step down from his executive role in the company to pursue new opportunities in Continental Europe. The move follows an extensive review of Almacantar's strategic direction, which has resulted in the decision to focus the ...
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PropertyEU Archive
Westimmo may be sold in two parts, analysts say
State-owned German bank WestLB may sell its subsidiary Westimmo in its entirety or in two parts, separating the Pfandbrief-related assets from any 'toxic' ones, real estate analysts have told PropertyEU.
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PropertyEU Archive
Three European developments win ULI Awards for Excellence
Three developments have been selected as winners and a fourth highly commended in the Urban Land Institute's (ULI) EMEA Awards for Excellence competition.
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PropertyEU Archive
SEB seeks JV partner for Berlin's Potsdamer Platz
SEB Asset Management is planning to sell a stake in its massive Potsdamer Platz portfolio in central Berlin, a company spokesperson confirmed to PropertyEU on Wednesday. 'We are looking for a joint venture partner for the assets,' the spokesperson said.
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PropertyEU Archive
Capman divests property consulting business
Nordic private equity group Capman said on Wednesday that it is selling its real estate consulting business to a consortium led by former Capman director Markku Hietala, and including partners Matti Karlsson, Vesa Olkkola, and Pasi Nieminen.
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PropertyEU Archive
CBRE wins major Prupim mandate
Prupim, the real estate investment arm of M&G Investments, has selected CB Richard Ellis Group to provide property management and accounting services for its 4.1 million m[sup]2[/sup] UK property portfolio. The agreement is one of the largest property management services outsourcing contracts ever in both the UK and the EMEA ...
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PropertyEU Archive
L&R Properties poised to enter Spain
London & Regional Properties, the private investment company of UK billionaire brothers Richard and Ian Livingstone, is in exclusive negotiations to acquire the headquarters of Spanish construction group FCC in Barcelona and Madrid, well-informed market sources have confirmed to PropertyEU.
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PropertyEU Archive
Prime Office puts IPO plans on hold
Germany's Prime Office said on Wednesday it has shelved plans for an initial public offering (IPO) in face of 'volatile market conditions'.
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PropertyEU Archive
Realia sells stake in Madrid's La Vaguada mall
Spanish listed property company Realia has sold its interest in La Vaguada shopping centre in Madrid to department store chain El Corte Ingles. The investment volume of around EUR 50 mln represents a 3.5% premium to the asset's latest appraised value.
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PropertyEU Archive
Bouwfonds Marignan sells 2 office projects for EUR 168m
Bouwfonds Marignan Immobilier has announced the sale of two office development projects in France for a total of EUR 168 mln. The French development arm of Dutch group Rabo Real Estate has sold Le Skalen in Châtillon, Hauts-de-Seine, to a fund managed by Area Property Partners for a price of ...
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PropertyEU Archive
Internos completes EUR 36m of disposals for BGP fund
Internos Real Investors has completed two disposals in Germany for EUR 36.2 mln on behalf of BGP Investment. Internos, the EUR 1.5 bn owner-managed real estate fund management business, is the asset and investment manager.
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PropertyEU Archive
IRE spends EUR 37m on BTS facility for Tesco Poland
Invesco Real Estate, the international property investment manager, has invested around EUR 37 mln in the development of a 57,000-m[sup]2[/sup] logistics property in Gliwice, Poland. The asset was developed by Panattoni Europe and is fully let on a long-term lease to Tesco Poland, which is using the property as a ...
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PropertyEU Archive
UBS fund acquires Finnish logistics asset for EUR 40m
A UBS fund is acquiring a logistics scheme in Vantaa, Finland from YIT Construction for about EUR 40 mln.
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PropertyEU Archive
Wallenstam buys five assets in Gothenburg for EUR 64m
Swedish property company Wallenstam has acquired a portfolio of five commercial assets in downtown Gothenburg for a total of SEK 585 mln (EUR 64 mln). The vendor is Diligentia.
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PropertyEU Archive
Henderson gets EUR 79m refinancing for St James mall
Henderson Global Investors has secured a £70 mln (EUR 79 mln) refinancing from BayernLB for the St James shopping centre in Edinburgh, Scotland. The shopping centre is part of Henderson's flagship £617 mln UK Shopping Centre Fund.
