All Real Assets articles in Web Issue – Page 744
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PropertyEU Archive
Restructuring of German CMBS loan positive signal for market
The successful restructuring of a EUR 422 mln CMBS loan, secured on a portfolio comprising 159 predominantly retail German properties, and securitised under the 'Talisman 6' vehicle, sends a resassuring signal to the market that the refinancing of Europe's CMBS market has not collapsed as feared, special servicer Hatfield Philips ...
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PropertyEU Archive
German Port Olpenitz project files for insolvency
Port Olpenitz, the developer and operator of a EUR 500 mln holiday park on the German Baltic coast, has filed for insolvency after the group's joint venture partners, American Realty Investors, and Berlin's HarmInvest, were no longer able to fund the construction of the scheme.
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PropertyEU Archive
Knight Frank profit climbs 10% to £102m
Property adviser Knight Frank saw profit rise 10% to £102 mln (EUR 116 mln) in the year ended March 31 from £92.3 mln in the same period a year before. In a statement this week, the firm said turnover increased 7% to £308.4 mln from £288.0 mln in 2010.
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PropertyEU Archive
Swedish insurer buys for EUR 110m in Stockholm
Swedish insurance group AFA has acquired two office buildings in Stockholm from local development giant Skanska for a total of SEK 1 bn (EUR 110 mln).
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PropertyEU Archive
TAG sells development site in Munich for EUR 31m
Listed German property firm TAG Immobilien has sold a project development site of around 15,000 m[sup]2[/sup] located on Tübinger Strasse in Munich for a total of EUR 31 mln.
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PropertyEU Archive
Gecina to accelerate disposals; targets 40% LTV
French SIIC Gecina has announced a major disposal programme in an effort to lower gearing to around 40% by 2012 from 44% at present. In a statement this week, the Paris-based real estate investment trust said it is planning to offload a further EUR 500 mln of residential assets in ...
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PropertyEU Archive
Kuwaiti bank buys into Swedish logistics for EUR 52m
Listed islamic bank Kuwait Finance House (KFH) has acquired the 70,000 m[sup]2[/sup] central warehouse of Nordic technical trading company Ahlsell Group in Hallsberg, Sweden for around SEK 475 mln (EUR 52 mln). The vendor is an investment consortium including Wilfast Förvaltning and Ness, Risan & Partners.
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PropertyEU Archive
Charities fund acquires five UK assets for EUR 70m
The Charities Property Fund has acquired five properties in the UK for a total of nearly £60 mln (EUR 69 mln), bringing its total net asset value to £456 mln.
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PropertyEU Archive
AXA Real Estate acquires logistics warehouse in Madrid
AXA Real Estate Investment Managers has bought a prime logistics warehouse development in Madrid on behalf of one of its clients. The development, which is situated 15 km to the south of the Spanish capital in the Getafe area, was acquired from UTE Posmocan Los Gavilanes for an undisclosed amount.
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PropertyEU Archive
C&W hires retail expert to develop Asian business
Cushman & Wakefield has appointed Asia retail expert Tracy Lu to its cross-border retail team in London to boost business resulting from the expansion of Asian and international retail brands in Europe and other global regions.
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PropertyEU Archive
Redevco chief steps down, COO Vaughan to take over
Jaap Blokhuis, chief executive of European retail specialist Redevco, is leaving the company at the end of the year, the Swiss-based holding company Cofra Group announced on Tuesday. Blokhuis will be replaced by Andrew Vaughan, currently chief operating officer, who will take office on November 1.
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PropertyEU Archive
Office take-up continues to rise despite economic woes: JLL
Overall office leasing volumes continued to improve in Europe over the third quarter of 2011 despite variations in prime rents, according to a new research report issued by Jones Lang LaSalle on Tuesday.
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PropertyEU Archive
Overseas equity investors to dominate London market: Gresham Down
Overseas - predominantly equity - investors will increasingly dominate the London market at the expense of debt buyers as the number of active lending banks declines, according to property adviser Gresham Down Capital Partners. Polarisation is set to increase not just between primary and secondary stock but also between investor ...
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PropertyEU Archive
Growth momentum in investment volumes remains positive: DTZ
Investment in commercial real estate across Europe in the third quarter of 2011 reached EUR 25.7 bn, representing a marginal 3% fall from the EUR 26.6 bn in Q2, according to a new research report issued by DTZ.
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PropertyEU Archive
Aberdeen to liquidate EUR 1.5b Degi International
The high number of redemption requests for Degi International has forced fund manager Aberdeen Immobilien KAG to rethink the re-opening of the open-ended fund, which has been frozen since November 2009.
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PropertyEU Archive
NEPI raises EUR 40m in rights issue
New Europe Property Investments (NEPI) has announced plans to carry out a EUR 40 mln rights issue aimed at raising funds for expansion in Romania.
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PropertyEU Archive
BNP Paribas appoints new director for CEE
BNP Paribas Real Estate is strengthening its presence in Central and Eastern Europe with the appointment of Philippe Mer as director responsible for CEE and executive president of Poland, effective November 1.
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PropertyEU Archive
Goodman, British Land sell residential land to Barratt Homes
A joint venture of Goodman and British Land has agreed to the sale of 26 acres of residential land at New Century Park, Coventry, UK to Barratt Homes for £16.5 mln (EUR 19 mln).
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PropertyEU Archive
Universal-Investment names new portfolio management boss
Universal-Investment has appointed Marcos J. Joos to head its newly-established real estate portfolio management division.
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PropertyEU Archive
Caelum starts development of Bucharest mall
Irish group Caelum Development has started construction of ParkLake Plaza, its first project in Romania.
