All Real Assets articles in Web Issue – Page 780
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PropertyEU Archive
F&C fund seals two deals in UK for EUR 40m
F&C Commercial Property Trust has bought an out-of-town retail unit and a distribution warehouse in East Kilbride and Liverpool for a combined £33 mln (EUR 40 mln). FCPT was advised by F&C REIT Asset Management,
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PropertyEU Archive
Schroders wins EUR 715m management mandate
UK investment manager Schroders has been awarded the mandate to manage two UK property trusts with a total of EUR 715 mln of assets.
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PropertyEU Archive
Aberdeen fund acquires six German retail properties
Aberdeen's European Balanced Property Fund has announced the acquisition of six high-street retail properties Germany. The financial details were not disclosed.
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PropertyEU Archive
Aerium, Terrace Hill get go-ahead for Mayfair redevelopment
A joint venture partnership between European fund manager Aerium and UK developer-investor Terrace Hill has received the green light for an office-led redevelopment in Mayfair, London.
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PropertyEU Archive
JLL picked to manage Warsaw's Atrium complex
European investment manager Rockspring has appointed Jones Lang LaSalle as property manager for its recently acquired Atrium International business centre in Warsaw.
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PropertyEU Archive
Beni Stabili completes Paris disposals
Italian REIT Beni Stabili has completed the disposal of two assets in Paris for EUR 20 mln. The sale price slightly exceeded both the market and book value of the assets which amounted to just over EUR 19 mln.
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PropertyEU Archive
JLL wins global GlaxoSmithKline mandate
Pharmaceutical group GlaxoSmithKline has appointed Jones Lang LaSalle as the sole real estate services provider for its global portfolio consisting of 7.4 million m[sup]2[/sup] across 759 locations.
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PropertyEU Archive
IVG puts Spain on its watch list
German real estate manager IVG Immobilien is not letting the ongoing sovereign debt crisis stand in the way of a good deal. Last year, at a time when many investors were reining in their spending, IVG powered ahead, tripling its transaction volume to EUR 2.25bn.
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PropertyEU Archive
Valad offloads mixed-use scheme in Oslo
Valad, the European multi-let real estate investment manager, has sold a 24,300 m[sup]2[/sup] office and retail property in Oslo. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Ofi Reim, F&C REIT raise EUR 200m for French fund
Joint venture partners Ofi Real Estate Investment Management and F&C REIT said they have raised EUR 197 mln of equity for their second real estate fund, Fosca II.
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PropertyEU Archive
Patrizia buys Düsseldorf site for EUR 210m project
German listed property company Patrizia is to lead the development of a new urban quarter in Düsseldorf. The new district with residential and commercial areas, as well as public facilities and a park, is expected to involve a total investment of EUR 210 mln.
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PropertyEU Archive
CBRE Global Investors buys 4 UK assets for EUR 43m
CBRE Global Investors has purchased four assets in the UK on behalf of a segregated account for £36 mln (EUR 43 mln).
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PropertyEU Archive
New fund spends EUR 45m on French retail
Imocominvest, a French OPCI investment fund managed by Imocom Partners, has acquired five retail assets across France for EUR 45 mln. These are the fund's first transactions.
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PropertyEU Archive
Canadian shareholder makes takeover approach to Colliers UK
Colliers International UK confirmed on Tuesday that it has received an approach from its major shareholder, Canadian property giant FirstService, which may lead to an offer for the London-based real estate services group.
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PropertyEU Archive
Europe's prime rents and yields remain stable: CBRE
Prime rents and yields for European commercial property remained broadly stable in the final quarter (Q4) of 2011, despite continued economic uncertainty and negative sentiment across the Continent, according to new figures released by CBRE.
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PropertyEU Archive
Niam snaps up Norwegian shopping centre portfolio
Northern European private equity group Niam has acquired four shopping centres in Norway. Although the financial details of the transaction were not disclosed, the price is understood to be over EUR 100 mln.
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PropertyEU Archive
Deka's Kamp Promenade in Osnabrück gets facelift
German open-ended fund manager Deka Immobilien plans to invest EUR 22 mln in the demolition and reconstruction of a former Woolworth store near its Kamp Promenade shopping centre in the German city of Osnabrück.
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PropertyEU Archive
Deutsche Pfandbrief, LBBW refinance Frankfurt tower
Pbb Deutsche Pfandbriefbank is joining forces with Landesbank Baden-Württemberg (LBBW) to arrange EUR 155 mln in funding for one of Frankfurt's most iconic buildings.
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PropertyEU Archive
Noel to succeed Salway as head of Land Secs
Francis Salway is to hand over his position as chief executive of Land Securities to Robert Noel, currently managing director of the UK REIT's London portfolio.
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PropertyEU Archive
Vastned sells 21 Dutch retail assets to private investors
Vastned, the European retail property fund, has sold a number of portfolios containing 21 Dutch retail properties to various private Dutch investors for EUR 23 mln.
