All Real Assets articles in Web Issue – Page 795
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PropertyEU Archive
C&W poaches JLL directors to head AM business in Germany
Cushman & Wakefield has announced the appointment of Nina Jansen and Andreas Gast who are leaving Jones Lang LaSalle to jointly lead C&W's Property & Asset Management business in Germany.
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PropertyEU Archive
Minerva appoints managing directors
UK property group Minerva has appointed finance director Ivan Ezekiel and group development director Tim Garnham as joint managing directors of the company with immediate effect.
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PropertyEU Archive
Savills names new valuation boss in Italy
International real estate advisor Savills has appointed Gianni Flammini as director of its valuation team in Italy. Flammini joins from CBRE Global investors and has more than 15 years experience in real estate advisory across multiple sectors having worked at ING Real Estate Investment Management and DTZ.
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PropertyEU Archive
LaSalle IM completes takeover of JER Europe
LaSalle Investment Management said on Wednesday that it has completed the takeover of JER's European fund management business. The transfer covers 11 investments with over 90 assets in two funds covering eight current jurisdictions.
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PropertyEU Archive
Immofinanz unveils new office project in Prague
Austrian property group Immofinanz is planning to launch a new office development project in Prague, underscoring its commitment to the Czech market which it entered in 2002.
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PropertyEU Archive
AXA Real Estate raises EUR 118m for Caesar Fund
AXA Real Estate Investment Managers has announced the launch of the Caesar Fund, after raising EUR 118 mln from Italian institutional investors at first close.
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PropertyEU Archive
Immochan to invest EUR 120m in Paris project
Immochan, the property development arm of French hypermarket chain Auchan, is planning to invest some EUR 120 mln in the development of a new retail centre in Eastern Paris, Les Saisons de Meaux.
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PropertyEU Archive
Dev Secs agrees 7,400-m[sup]2[/sup] pre-let on London project
UK listed property firm Development Securities has signed an agreement with supermarket chain Morrisons for the pre-lease of an 80,000 sq ft (7,400 m2) food store, subject to planning, at its 7-acre mixed use redevelopment site at 399 Edgware Road, North West London.
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PropertyEU Archive
Avestus signs 8,500-m[sup]2[/sup] pre-let for Krakow spec project
Avestus Real Estate has signed up global electronics supplier Delphi as anchor tenant for its Enterprise Park development project in the Podgorze district of Krakow.
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PropertyEU Archive
Further value appreciation for prime likely in 2012
Retail property was the best performing commercial real estate sector in Europe in 2011, according to CBRE's European Valuation Monitor (EVM).
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PropertyEU Archive
Corestate buys EUR 53m distressed high-street package
Swiss private equity firm Corestate has bought a German high-street real estate portfolio from an unnamed vendor with a market value of EUR 53 mln.
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PropertyEU Archive
MGPA acquires retail warehouse portfolio in Germany
European private equity group MGPA has made its third acquisition of a retail warehouse portfolio in Germany with the purchase of 11 retail assets on behalf of a North American institutional investor. The company agreed to keep the financial details confidential.
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PropertyEU Archive
North Americans emerge as Europe's biggest foreign buyer
North American investors account for almost a third of all cross-border purchases in the European commercial real estate market, increasing investment activity in the region significantly in 2011, according to the latest research by global property adviser CBRE.
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PropertyEU Archive
British Land, Blackstone break ground on UBS's London HQ
UK REIT British Land and US private equity group Blackstone announced the start of construction on Thursday of their joint development at 5 Broadgate in the City of London.
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PropertyEU Archive
Deka offloads office building in South Korea
German open-ended fund manager Deka Immobilien has sold the Myeongdong Central Building in Seoul for around EUR 58 mln, compared to a market value of EUR 55.6 mln. The buyer is a REIT established by the Korean asset manager, JR AMC.
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PropertyEU Archive
Lemli returns to Savills as head of Europe investment
International real estate advisor Savills has appointed Marcus Lemli as head of investment for its European operation. He will be based at Savills Grosvenor Hill office in London.
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PropertyEU Archive
Hammerson divests Paris mixed-use asset for EUR 165m
UK REIT Hammerson has exchanged contracts to sell the freehold for 54-60 rue du Faubourg Saint-Honoré in Paris’ eighth arrondissement to Swedish investor Ramsbury for EUR 165 mln, slightly above its December 2011 book value.
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PropertyEU Archive
Niam seals EUR 170m office disposal in Norway
Nordic private equity group Niam has signed a binding agreement to dispose of the Pirsenteret office property to E.C. Dahls Eiendom, a subsidiary of Reitan Eiendom. Although the financial details were not disclosed, Swedish press reports put the deal price at around SEK 1.5 bn (EUR 170 mln).
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PropertyEU Archive
Nordic fund posts 5.4% return in 2011
The IPD Nordic Property Fund Index showed a return of 5.4% to Nordic real estate funds over 2011, well down on the 10.6% delivered in 2010, but much better than the five-year average, which was marginally negative at -0.2% per year.
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PropertyEU Archive
Deutsche Pfandbriefbank grants EUR 29m loan in Spain
German lender pbb Deutsche Pfandbriefbank has provided a EUR 29 mln loan to support the acquisition of Abadia retail park in Toledo, Spain, by a pan-European property fund managed by Rockspring.
