All Real Assets articles in Web Issue – Page 702
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PropertyEU Archive
Pembroke acquires Munich office property
Boston-based Pembroke Real Estate has acquired the Altstadt Palais office building in Munich for an undisclosed price. This is the second acquisition by Pembroke on behalf of its investors this year, following the purchase of the Lorenzistock building in January.
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PropertyEU Archive
JLL announces senior director promotions
Global real estate adviser Jones Lang LaSalle has announced international and regional director promotions across Central and Eastern Europe.
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PropertyEU Archive
AXA Real Estate steps up focus on development
AXA Real Estate plans to increase its focus on development as a way of diversifying its strategy in a market where core investments are thin on the ground, CEO Pierre Vaquier told PropertyEU in an interview.
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PropertyEU Archive
Union Investment buys redeveloped complex in Wiesbaden
German fund manager Union Investment has acquired the ‘Dern’sche Höfe’ mixed-use property in the centre of Wiesbaden for its institutional fund DEFO-Immobilienfonds 1. The purchase price was not disclosed. The vendor is German property company Quantum Immobilien.
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PropertyEU Archive
New president takes office at CoreNet UK
Ian Smith has taken office as president of CoreNet Global's UK Chapter. Smith is head of project management Global Corporate Services EMEA for CB Richard Ellis.
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PropertyEU Archive
UK mall stock increasing in subdued market: C&W
More than 20 shopping centre schemes, with a combined capital value of around £1.5 bn (EUR 1.7 bn) are being openly marketed in the UK, according to property adviser Cushman & Wakefield.
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PropertyEU Archive
EMEA hotel investment rebounds
Hotel investment volumes in the EMEA region reached EUR 3.4 bn during the first six months of 2011, a 73% increase on the same period last year (EUR 1.94 bn), according to Jones Lang LaSalle Hotels.
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PropertyEU Archive
Yields in Moscow fall across the board in Q2: CBRE
Moscow saw the biggest decline in yields across all real estate sectors in the second quarter of 2011, according to new research released by CB Richard Ellis (CBRE). Elsewhere in Europe, prime rents and yields saw little movement, with the pace of recovery generally remaining slow, CBRE said.
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PropertyEU Archive
Treveria granted extension on EUR 216m securitised loan
AIM-listed German retail property investor Treveria has signed a 12-month loan extension to its EUR 216 mln securitised loan. The Silo D securitised debt facility (Deutsche Bank/Citigroup) with debt servicer Deutsche Bank was due to mature on 20 July 2011.
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PropertyEU Archive
L&S buys London residential development for EUR 56m
UK REIT London & Stamford Property is buying a residential development project in the Islington borough of London for £49.1 mln (EUR 56 mln). The London-listed company has exchanged contracts with Seward Street Developments for the long leasehold interest in private residential units and 31 car parking spaces on Seward ...
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PropertyEU Archive
AXA gets go-ahead for EUR 57m development in Manchester
AXA Real Estate has received planning consent for a £50 mln (EUR 57 mln) office project in St Peter's Square, Manchester. The existing 3,700 m[sup]2[/sup] property, Peterloo House, is managed by AXA Real Estate on behalf of the owner, Manchester-based insurance firm the Co-operative Insurance Society Ltd (CIS).
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PropertyEU Archive
Unibail-Rodamco books 9% gain on disposals
Unibail-Rodamco reported it sold properties worth a total of EUR 1.1 bn in the first half of 2011, generating an average 9.1% premium over the last external appraisals. Despite the disposals, the gross market value of the portfolio at end H1 2011 stood at EUR 24.8 bn, up 2.4% like-for-like ...
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PropertyEU Archive
Ontario pension fund invests in European airports
The EUR 80 bn Ontario Teachers' Pension Plan has expanded the airport element of its infrastructure portfolio by taking large stakes in two European airports.
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PropertyEU Archive
Grosvenor teams up with Canadians on London development
Grosvenor Fund Management (GFM) is teaming up in a joint venture with Canadian pension fund giant CPPIB to invest up to £200 mln (EUR 227 mln) in London's West End office market over the next two years.
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PropertyEU Archive
Hochtief sells office and retail project in Cologne
Hochtief, the German construction and development group, has sold an office and retail property development in Cologne for an undisclosed sum to German real estate developer-investor Tessner Group.
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PropertyEU Archive
European investment volumes up 14% in Q2: DTZ
Investment in commercial real estate across Europe in the second quarter of 2011 reached EUR 25.4 bn, a 14% increase from EUR 22.4 bn in Q1, according to DTZ Research in its latest ‘Investment Market Update’ report. Investment volumes averaged EUR 27.1bn over the past four quarters compared with EUR ...
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PropertyEU Archive
UK prime rent and yields remain steady in Q2: CBRE
Prime rental growth for UK commercial property remained steady in the second quarter of 2011, according to CB Richard Ellis' latest Q2 Prime Rent and Yield Monitor. There was only a marginal decrease of 0.1% in the headline index, a slight deterioration on last quarter's modest growth.
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PropertyEU Archive
RREEF buys office in Lyon for EUR 46m
Global real estate investment manager RREEF has bought the 'Docksite' office property in Lyon, France for EUR 46.5 mln. The transaction was conducted by RREEF on behalf of one of its German special funds (Spezialfonds).
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PropertyEU Archive
MPC invests EUR 63m in first German student housing fund
German listed fund manager MPC Capital plans to launch several closed-end vehicles for student housing by end-2013. To obtain the assets MPC has formed a joint venture with Youniq, the Frankfurt-listed student accommodation specialist. The partnership has already carried out its first transaction, with the sale of four student residential ...
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PropertyEU Archive
AXA Real Estate bags European hotel portfolio
AXA Real Estate Investment Managers has acquired a portfolio of six hotels from Foncière des Murs (FdM) for EUR 132.9 mln in cash on behalf of a joint venture between an investment vehicle of an AXA Group insurance company, Caisse des Dépôts and Sogecap. The transaction, which was sourced off-market ...
