All Real Assets articles in Web Issue – Page 775
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PropertyEU Archive
INREV expands senior management team
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has expanded its senior management team and split the roles of director public affairs and professional standards into two separate positions. The move reflects the growing scale and importance of these two pivotal areas, INREV said in a press ...
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PropertyEU Archive
Orchard Street boost assets by EUR 1b in 2011
UK-based investment manager Orchard Street increased its assets under management by £800 mln (EUR 970 mln) to £2.5 bn and completed £580 mln of investment transactions in 2011.
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PropertyEU Archive
Niam debuts in Copenhagen with EUR 175m deal
Swedish property group Niam has acquired a Copenhagen residential portfolio totaling 65,000 m[sup]2[/sup] from an undisclosed vendor for DKK 1.3 bn (EUR 175m). The portfolio consists of 646 condominiums located in the greater Copenhagen area. The majority is located on the Copenhagen harbour front.
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PropertyEU Archive
Central London investment remained robust in 2011: C&W
The central London commercial property investment market remained robust in 2011, despite widespread economic uncertainty, according to a new report by Cushman & Wakefield.
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PropertyEU Archive
La Salle buys UK student accommodation for EUR 28m
LaSalle Investment Management has completed the purchase of two student accommodation blocks in the heart of Newcastle for £ 23.1 mln (EUR 28 mln) from Aviva Investors. The deal reflects a net initial yield of 5.6%, the company said.
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PropertyEU Archive
AXA RE raises nearly EUR 600m for development fund
AXA Real Estate has closed its pan-European development fund, Development Venture III, after raising EUR 588.5 mln of total equity. The fund has so far invested in one prime office development project in London and three in Paris.
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PropertyEU Archive
Iii-investments acquires central Berlin complex for pension fund
Germany’s HypoVereinsbank investment fund iii-investments has bought an office and retail building in Berlin near to Checkpoint Charlie for a German pension scheme’s real estate special fund.
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PropertyEU Archive
Government action key to Irish commercial property sector
The ongoing eurozone crisis and market volatility will continue to dominate the Irish commercial property market over the next 12 months but local economic, financial and political decisions will be the main drivers of pricing and transaction volumes, according to a new report by CBRE.
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PropertyEU Archive
BMW moves into Munich’s tallest tower
BMW Group has signed an agreement to rent 16 floors comprising 21,000 m[sup]2[/sup] of office space in Munich’s Uptown tower - the city's tallest high-rise.
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PropertyEU Archive
DTZ names European head of property management
DTZ has appointed Michael Hatt as head of property management for Europe, Middle East and Africa. Hatt will be based at DTZ’s offices in London.
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PropertyEU Archive
Auchan buys 49% of EUR 1b Italian retail JV
French hypermarket group Auchan has bought the remaining 49% stake it did not already own in Gallerie Commerciali Italia, a retail property partnership with US retail REIT Simon Property Group.
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PropertyEU Archive
UK student property group boosts NAV 6% over 2011
Student accommodation company Unite Group on Tuesday reported the estimated net asset value of its UNITE UK Student Accommodation Fund rose to £0.857 (EUR 1) per unit at the end of last year, reflecting an increase of 1.8% during the fourth quarter and 6.1% over the year.
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PropertyEU Archive
European property investment climbs by a third in 2011
European retail real estate investment volumes will reach EUR 28bn in 2011, an increase of around 35% on 2010 despite the continuing economic uncertainty, according to consultancy Jones Lang LaSalle.
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PropertyEU Archive
Union AM leases 70% of MainTor Porta
DIC has finalised the lease of around 14,000 m[sup]2[/sup] (or roughly 70% of the entire lettable area) of its MainTor Porta office complex in Frankfurt to Union Asset Management Holding.
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PropertyEU Archive
Engel & Völkers books record year
German property adviser Engel & Völkers Group booked record overall commission revenues of over EUR 200 mln last year, the company said on Tuesday.
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PropertyEU Archive
WELPUT buys Warner Bros London headquarters
The West End of London Property Unit Trust has acquired the freehold of 98 Theobalds Road, London for £65 mln (EUR 81 mln) from US property firm Crescent Heights. The deal reflects a net initial yield of 5.94%.
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PropertyEU Archive
CA Immo secures refinancing for City Gate in Budapest
CA Immo has secured a EUR 27 mln refinancing package with UniCredit Bank Austria for its City Gate complex in Budapest.
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PropertyEU Archive
Thaker steps down from Deutsche Pfandbriefbank
Harin Thaker, head of real estate international, will leave pbb Deutsche Pfandbriefbank at the end of January. His responsibilities will be taken over by Bernhard Scholz until a replacement has been found.
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PropertyEU Archive
Law firm signs up for maxCologne project
German law firm GÖRG has signed a deal to take 6,800 m[sup]2[/sup] of space in the maxCologne-Rheinetagen project, developer Hochtief Projektentwicklung said in a statement on Tuesday.
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PropertyEU Archive
KPMG takes space in Gdansk’s Opera Office
Consultants and accountancy group KPMG has signed an agreement to lease part of the Opera office building in Gdansk.
