All Real Assets articles in Web Issue – Page 786
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PropertyEU Archive
Segro names investment boss for northern Europe
Segro, the European industrial space specialist, has appointed Sebastian Ott to its German business as investment director for Northern Europe. In this new position, he will be responsible for acquisitions and disposals in Germany and the Benelux countries.
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PropertyEU Archive
C&WI, Swip shop in Paris for Puretail fund
Cushman & Wakefield Investors and Scottish Widows Investment Partnership said on Monday that they have made a second acquisition on behalf of their Pan-European Urban Retail Fund (Puretail Fund) with the purchase of 8-12 rue d’Amsterdam in the 9th district of Paris. The transaction amounts to EUR 25 mln.
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PropertyEU Archive
Multi wins new mall mandate in Czech Republic
Multi Corporation's Mall Management arm has been appointed to asset manage the Olympia Mladá Boleslav shopping centre in the Czech Republic, taking over the mandate from adviser DTZ. The scheme is owned by Marissa Beta, part of Czech Property Investments, a Prague-based company owned by financier Radovan Vitek.
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PropertyEU Archive
ING RED seeks buyer for 50% of Budapest's Allee
Dutch development group ING Real Estate Development has confirmed that it is selling its remaining 50% stake in Budapest's Allee shopping centre.
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PropertyEU Archive
RREEF buys Frankfurt mixed-use asset for EUR 64m
Deutsche Bank's RREEF Real Estate has bought an office and retail building at Rathenauplatz 1 in Frankfurt am Main for EUR 64 mln. The vendor is Rathenau-Passage Verwaltungs, a joint venture between Bayern LB's Bayerische Landesbank Immobilien-Beteiligungs-GmbH & Co. KG and Herrn Otmar Kehrer.
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PropertyEU Archive
Abba to sell hotels in Berlin and Granada
Hotel chain Abba has reportedly put two assets in Berlin and Granada on the market with an asking price of EUR 64 mln.
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PropertyEU Archive
Alvarez & Marsal boosts European team
Turnaround specialist Alvarez & Marsal (A&M) has strengthened its European real estate advisory capacity with the appointment of Robin Priest as a senior adviser.
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PropertyEU Archive
CBRE announces senior promotions in EMEA team
CBRE has announced the promotion of Andy Hay to the new role of managing director of property and asset management for Europe, Middle East and Africa, while colleague Richard Williams has been named as UK managing director of Property and Asset Management.
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PropertyEU Archive
MGPA JV sells Le Balthazar in Saint-Denis
A joint venture of European private equity firm MGPA and Générale Continentale Investissements has sold Le Balthazar, a 32,700-m[sup]2[/sup] office complex located in Saint-Denis, France, to two institutional investors advised by AEW Europe. Financial details were not disclosed.
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PropertyEU Archive
C&W beefs up retail research capacity
Cushman & Wakefield has appointed Neal Best as senior consultant for retail in its European research team. He joins the firm's near 200-strong global research team as an associate.
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PropertyEU Archive
CBRE boosts UK retail management division
Global property adviser CBRE has appointed Helen Smith as director to its retail management team. The senior appointment comes in response to the growth of CBRE's retail management business.
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PropertyEU Archive
CBRE creates new role within CEE operation
Property adviser CBRE has appointed Joerg Kreindl to the newly created role of head of office agency and tenant representation for Central and Eastern Europe (CEE).
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PropertyEU Archive
Colliers teams up with Keops in France
Colliers International is joining forces in France with local real estate services company Keops, creating a property services group comprising 180 professionals in 18 offices throughout the country.
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PropertyEU Archive
European REITs meet demand for dividend yields: EPRA
Strong investor demand for dividend yield can be met by income flows from European listed property companies, particularly REITs, new research from the European Public Real Estate Association (EPRA) shows.
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PropertyEU Archive
Wereldhave to pull out of US in strategic shift
Dutch listed property investor Wereldhave has unveiled plans to sell off its entire EUR 800 mln property portfolio in the US as part of a strategic re-focus on Western Europe.
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PropertyEU Archive
Klépierre to offload EUR 1b of assets by end-2013
French listed retail group Klépierre plans to sell EUR 1 bn of assets by end-2013 in a bid to finance its development programme and strengthen its financial position. 'The stepping-up of our disposal programme will allow Klépierre to improve its financial profile and to contribute to the financing of our ...
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PropertyEU Archive
F&C REIT transacts EUR 1.3b in 2011
London-based pan-European investor F&C REIT said it carried out more than £1.1 bn (EUR 1.3 bn) of property transactions in 2011.
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PropertyEU Archive
CBRE expects 20% rise in earnings in 2012
CB Richard Ellis said on Wednesday it expects to post earnings per share of $1.20 to $1.25 this year after having reported earnings of $1.03 in 2011.
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PropertyEU Archive
Top Spanish banks take EUR 6b of property provisions
Three of Spain's largest banks have said they are setting aside an extra EUR 6 bn to cover bad real estate assets on their balance sheets.
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PropertyEU Archive
Finland's Citycon sees EPS drop 85% on devaluations
Finnish listed retail specialist Citycon saw its earnings per share drop 85% to EUR 0.05 in 2011, from EUR 0.34 a year before, largely as a result of devaluations in its portfolio.
