All Real Assets articles in Web Issue – Page 785
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PropertyEU Archive
C-III completes acquisition of NAI Global
NAI Global, which describes itself as the largest network of independent commercial real estate firms worldwide, has announced that its previously reported acquisition by C-III Capital Partners (C-III) has completed.
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PropertyEU Archive
Retail assets remain attractive in muted Spanish market: Savills
Spain can expect to see similar muted levels of retail investment in 2012 compared to the 2011 level of EUR 520 mln as the sector continues to see stalled sales, turnover rent performance and continued rental discounts, according to a report by property adviser Savills.
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PropertyEU Archive
UK retailer pays record rent on Bond Street
UK fashion retailer Belstaff has leased 135/137 New Bond Street in its entirety, setting a record for the highest rent paid on the prime London shopping street for a new open market letting.
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PropertyEU Archive
Unibail Rodamco forecasts 4% rise in EPS after fall in 2011
Unibail-Rodamco, Europe's largest publicly traded property company, reported a 2.6% decline in earnings in 2011, largely due to lower sales and the pay-out of a special dividend in October 2010.
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PropertyEU Archive
JLL posts record revenues of $3.6b in 2011
International property services firm Jones Lang LaSalle has reported record full-year revenue of $3.6 bn in 2011, up 23% on the same period a year before. The Chicago-based property firm saw profit rise to $164 mln in 2011, compared with $154 mln a year before.
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PropertyEU Archive
Asian property investment in Europe confined to 3% of total
Asian investors will not solve Europe’s liquidity problems, delegates at the annual ULI conference in Paris heard last week. Asia-Pacific investors accounted for a mere 3% - or roughly EUR 3.5 bn - of total real estate investment volume in 2011, Menno Maas, head of CEMEA at DTZ, pointed out. ...
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PropertyEU Archive
Française poised to launch EUR 300m senior debt fund
La Française Real Estate Managers is preparing the launch of a EUR 300 mln senior debt fund focusing on the French property market, highlighting increasing activity in Europe by alternative debt providers as traditional bank lenders continue to retreat.
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PropertyEU Archive
OVG appoints new investment chief
Private Dutch developer OVG has named Jeppe de Boer as chief investment officer and member of the board. His appointment is aimed at increasing OVG’s access to the capital markets to secure funds for the company’s international growth strategy.
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PropertyEU Archive
London attracts highest level of cross-border investment: JLL
Cross-border investment rose from 27% in 2010 to 31% in 2011, with London being the most active city globally, according to Jones Lang LaSalle's Year End 2011 Global Capital Flows report.
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PropertyEU Archive
RREEF sale edges closer; final bids due this week
RREEF Real Estate, the real estate investment arm of Deutsche Bank’s asset management division, is up for grabs, with a sale expected to be pushed through by the end of June, sources close to the sale told PropertyEU.
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PropertyEU Archive
Sveafastigheter seals three-digit retail buy in Finland
Nordic private equity firm Sveafastigheter's Fund III has bought a portfolio of 68 retail properties leased to food retailer Kesko from peer company Niam. Although financial details were not disclosed, the deal is understood to be worth between EUR 100 and 150 mln.
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PropertyEU Archive
Technopolis expands St. Petersburg centre
Finnish listed property company Technopolis is to start the construction of the second phase of the Pulkovo Airport Campus in St. Petersburg, Russia.
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PropertyEU Archive
Dutch central bank sounds alarm over new commercial property crisis
The Netherlands faces a new financial crisis due to a structural oversupply in the commercial property sector, the Dutch central bank warned last week. Valuations must be quickly marked down to kick the sector back to life, the bank´s regulatory chief Jan Sijbrand said in an interview in the country's ...
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PropertyEU Archive
Investor trio to spend EUR 120m on London housing
Apollo Global Management's real estate arm is teaming up with Canadian heavyweight Ivanhoé Cambridge and central London housing specialist Residential Land to acquire residential rental buildings in the UK capital.
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PropertyEU Archive
Helical signs EUR 121m five-year loan with RBS
UK-listed property company Helical Bar has signed a £100 mln (EUR 121 mln) revolving credit facility with the Royal Bank of Scotland for a number of assets including the shopping centres at Corby Town Centre, Sutton-in-Ashfield and Basildon and offices at Fordham and Chiswick.
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PropertyEU Archive
Deka funds see EUR 400m inflows in January
Deka Immobilien registered a 25% increase in inflows into its open-ended property funds in January, indicating an improvement of market sentiment ahead of the introduction of new regulations for the industry, the German fund manager said.
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PropertyEU Archive
Allianz aims to capitalise on financing freeze
Against the backdrop of a 'Big Freeze' in real estate financing, Germany’s Allianz Real Estate is steaming ahead with its plans to boost its debt origination portfolio in Europe. After launching its new lending strategy just under a year ago, the Munich-based insurance giant is now gearing up to significantly ...
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PropertyEU Archive
AXA RE appoints head of business development
AXA Real Estate Investment Managers has appointed Deborah Shire as global head of business development, a new position which carries overall responsibility for corporate finance, investor relations, marketing & communication and business development.
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PropertyEU Archive
ECE takes over management of Berlin mall
German private shopping centre specialist ECE has taken over the management of the Hallen am Borsigturm retail complex in the Tegel district of Berlin.
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PropertyEU Archive
ECE expands supervisory board
ECE has appointed Iris Schöberl to its supervisory board, bringing the number of people on the team to five. Schöberl (46) is managing director of F&C REIT Asset Management’s German business, a post she has held for the past 12 years.
