All Real Assets articles in Web Issue – Page 790
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PropertyEU Archive
Norrporten snaps up Stockholm office block for EUR 125m
Norrporten, a Swedish office property investor owned by two of the country's largest pension funds, has acquired an entire block in central Stockholm offering some 53,000 m[sup]2[/sup] of office space for SEK 1.1 bn (EUR 125 mln). The vendor is life insurance group Handelsbanken Liv.
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PropertyEU Archive
Kungsleden lifts 2011 dividend on better-than-expected results
Swedish listed property group Kungsleden is to raise its full-year 2011 dividend by 30% year-on-year after posting better-than-expected results of SEK 703 mln (EUR 80 mln) in 2011.
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PropertyEU Archive
Beni Stabili's net result hit by write-downs in 2011
Beni Stabili, Italy's largest listed property group, saw net income decline by 76% in 2011 as a result of a combination of write-downs and lower capital gains.
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PropertyEU Archive
Sonae Sierra enters Algerian retail market
International shopping centre specialist Sonae Sierra has entered the Algerian market with the creation of Sierra Cevital, a shopping centre services provider active in retail development, management and letting activities.
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PropertyEU Archive
Foreign appetite pushes CEE volumes to record levels
Morgan Stanley's acquisition of the largest shopping centre in St Petersburg for EUR 800 mln highlights investor appetite for core real estate assets in Central and Eastern Europe (CEE), according to research by PropertyEU.
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PropertyEU Archive
German investment briefing: last chance to register
PropertyEU's first investment briefing event examines whether Germany is really a safe haven for real estate investors or whether a new bubble is in the making.
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PropertyEU Archive
Panattoni to build warehouse for Rudolph Logistik in Germany
Logistics developer Panattoni Europe has started construction of a new 12,400-m[sup]2[/sup] warehouse facility for Rudolph Logistik Group in Germany.
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PropertyEU Archive
CBRE names new head of CEE capital markets
Property services firm CBRE has appointed Michael Atwell as head of capital markets for Central and Eastern Europe (CEE), replacing Patrick O’Gorman who will return to the company’s London office to take up the role in the Central London investment team.
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PropertyEU Archive
Foreclosures to lift southern European volumes
Two large transactions helped lift real estate investment volumes in the struggling Italian and Spanish markets to EUR 1.5 bn in the two months to end-January, accordnig to research from PropertyEU. The figure is up more than 100% on the EUR 733 mln recorded in the same period in 2010-2011.
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PropertyEU Archive
AXA Real Estate, MGPA start construction of EUR 138m London scheme
A partnership of AXA Real Estate Investment Managers and private equity real estate investment advisory company MGPA has appointed Skanska to commence construction on 6 Bevis Marks, the major new 170,000 sq ft (16,000 m2) office development in the City of London.
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PropertyEU Archive
Retail makes up half of German property investment in 2011
Retail was the most popular real estate segment with investors in Germany last year, accounting for seven of the 10 largest deals in 2011. All told, retail made up almost half of the aggregate German volume of more than EUR 23 bn last year.
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PropertyEU Archive
Corio to sell off EUR 670m of non-core assets in 2012
Dutch listed property group Corio will focus on accelerating its disposal programme in 2012, with sales planned to increase five-fold this year to help finance a EUR 2.5 bn development pipeline.
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PropertyEU Archive
Groupama cedes 37% stake in Silic to create EUR9b REIT
French insurance group Groupama has transferred its remaining 37.45% stake in Paris-based business park landlord Silic to a new vehicle jointly owned with Caisse des Dépôts (CDC).
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PropertyEU Archive
Hines appoints new managing director in the UK
US developer and investor Hines has appointed Ross Blair as managing director of the firm's UK operations, replacing Jay Wyper who is going back to the US to take a senior central role in Hines' global headquarters in Houston.
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PropertyEU Archive
Befimmo set to start development of major office in Liège
Belgian listed property group Befimmo plans to start construction next month of its flagship Rue de Paradis development project in Liège.
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PropertyEU Archive
David Poole to head Savills' valuation team in France
International real estate advisor Savills has strengthened its French team with the appointment of David Poole as the new head of its valuation team.
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PropertyEU Archive
LGP gets green light for UK leisure park project
Legal & General Property has received planning consent for the St Stephens Place leisure park which will be developed in the vicinity of the company's Castle Place shopping centre in Trowbridge, UK.
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PropertyEU Archive
E&Y takes extra 10,000 m[sup]2[/sup] in Moscow's Avrora
International advisory firm Ernst & Young has taken an additional 10,000 m[sup]2[/sup] in the Avrora business park in Moscow, bringing the total office space it occupies in the complex to nearly 30,000 m[sup]2[/sup].
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PropertyEU Archive
Valad leases 17,000 m[sup]2[/sup] in Copenhagen
European real estate investment manager Valad has completed five lettings totalling 17,215 m[sup]2[/sup] at Copenhagen Business Park in Denmark on behalf of the V+ Nordic Fund.
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PropertyEU Archive
D&R buys German retail portfolio for EUR 150m
Dutch privately-held property company D&R Investments has acquired a portfolio of seven retail assets in Germany from Düsseldorf-based developer Centrum. The transaction price is said to amount to around EUR 150 mln.
