All Real Assets articles in Web Issue – Page 725
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PropertyEU Archive
Redevco begins refurbishment in Glasgow
International private real estate company Redevco has begun the refurbishment of the 8,400 m[sup]2[/sup] George House office building in George Square, Glasgow.
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PropertyEU Archive
DTZ sets deadline for SGP-BNP Paribas bid
International real estate broker DTZ has given its majority shareholder, St George Participations (SGP), and BNP Paribas a month to launch a takeover offer or walk away. DTZ has been in discussions with both parties since early May about a potential bid.
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PropertyEU Archive
PNK to develop BTS project near Moscow
Russian food store chain Dixy Group has signed a build-to-suit agreement with local developer PNK Group for the construction of a distribution centre in the Vnukovo district of Moscow.
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PropertyEU Archive
Opin sells Moscow shopping centre project
Russian listed real estate developer Opin is divesting the Raikina shopping centre project in Moscow for $50 mln (EUR 36 mln). The project involved the redevelopment of one of two municipal buildings previously occupied by a cultural centre into a 70,000-m[sup]2[/sup] shopping and entertainment centre. The second building will be ...
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PropertyEU Archive
Topland completes financing deals in UK resi sector
Topland, the international investment group, has completed its first two financing deals in the UK with Wolsey Securities, a specialist in residential development finance.
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PropertyEU Archive
STE sells Grenoble office
French real estate investment trust Société de la Tour Eiffel has completed the sale of Viseo, a modern 11,500 m[sup]2[/sup] office complex in the Montbonnot scientific park, situated to the north of Grenoble, for EUR 19 mln.
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PropertyEU Archive
Dassault buys Paris building for EUR 27m
French SIIC Immobiliere Dassault has announced the acquisition of a building in the seventh arrondissement of Paris for nearly EUR 27 mln. The identity of the vendor was not disclosed.
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PropertyEU Archive
Gagfah to sell Berlin portfolio for EUR 330m
German listed housing group Gagfah has signed an exclusive agreement to sell a residential real estate portfolio of about 4,800 apartments in Berlin to with GSW Immobilien.
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PropertyEU Archive
Robust leisure market sees 50bps hardening in yields: Savills
The UK commercial leisure market has experienced a sharp increase in investor demand which, combined with a continued lack of available product, has resulted in prime yields moving in by 50 bps from 6.75% in Q4 2010 to 6.25% in Q2 2011, according to data provided by real estate advisor ...
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PropertyEU Archive
Blackstone buys Mint hotel chain for EUR 687m
US private equity group Blackstone has taken control of Mint Hotels, a family run UK hotel chain. The purchase price said to be around £600 mln (EUR 687 mln).
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PropertyEU Archive
Savills announces new head of Italy
International real estate advisor Savills has appointed William Gould as head of its Italian office, succeeding Lionello Rosina, who will remain as a consultant to the company.
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PropertyEU Archive
BNP Paribas RE appoints new head of development
BNP Paribas Real Estate has appointed Barbara Koreniouguine to head all its development activities as part of a major reorganisation. With an annual turnover of over EUR 1 bn, BNP Paribas' development unit encompasses the construction of over 400,000 m[sup]2[/sup] of offices and 3,000 residential units.
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PropertyEU Archive
Carrefour and Klépierre swap assets in Spain
The Spanish arm of Carrefour Property has signed an agreement with French retail specialist Klépierre to swap their interest in four shopping centres in Spain.
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PropertyEU Archive
Palmer Capital backs UK's first solar parks fund
Pan-European real estate fund manager Palmer Capital has teamed up with UK renewable energy group Low Carbon to launch the first fund formed specifically to invest in UK solar parks.
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PropertyEU Archive
CBRE boosts global corporate services team
CB Richard Ellis (CBRE) has strengthened its global corporate services team with three senior appointments. Alasdair Vaux, Tom Newton and Tim Harlow all join from Jones Lang LaSalle (JLL).
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PropertyEU Archive
Redevco opens Calvert project in Nantes
International property group Redevco has announced the opening of its Kalvert retail project in the French city of Nantes. The scheme houses the biggest city-centre Kiabi clothing store in France as well as the latest concept in food retailing, U Express.
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PropertyEU Archive
UK mall development remains sluggish: C&W
The slowdown in UK shopping centre development is expected to worsen, according to a report from property consultant Cushman & Wakefield (C&W).
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PropertyEU Archive
Quintain gets go-ahead for Wembley retail park
UK developer Quintain has secured the final planning permissions required at its Wembley Retail Park to change the entire 20,000 m[sup]2[/sup] scheme from bulky goods to open A1 non-food retail.
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PropertyEU Archive
Italian pooled funds post steady returns in H1 2011: IPD
Italian pooled property funds continued to deliver stable returns at 1.2% in the first half of 2011, according to the IPD's Italian Pooled Property Fund Indices (Italian PPFI).
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PropertyEU Archive
Lloyds to sell EUR 1.1b of bad loans - report
Lloyds is putting a £1 bn (EUR 1.1 bn) commercial property loan portfolio on the market, according to a news report in the Financial Times. JPMorgan Cazenove has been appointed to run the divestment process, which is said to be the first block sale to be executed by Lloyds. It ...
