All Real Assets articles in Web Issue – Page 853
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PropertyEU Archive
German logistics investment picks up in 2012: BNP Paribas RE
German logistics and light industrial property investment totalled EUR 851 mln in the first half of 2012, almost double the comparable year-earlier result (EUR 470 mln), according to research conducted by BNP Paribas Real Estate (BNPPRE).
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PropertyEU Archive
Warsaw, Prague prime office yields hold steady at 6.25%: DTZ
Warsaw and Prague remain the most attractive real estate investment markets in Central and Eastern Europe, with prime office yields in both cities steady at 6.25% during the second quarter of 2012, property adviser DTZ said in its latest investment update for the region.
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PropertyEU Archive
RREEF invests EUR 70m in two UK retail property assets
RREEF Real Estate has acquired two retail properties in Liverpool and Cardiff for a total of £55.5 mln (EUR 70 mln) on behalf of two German institutional clients.
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PropertyEU Archive
Alstria reports double-digit revenue and profit growth
Alstria Office REIT reported revenues increased by 12.7% in the first six months of 2012 to EUR 49.2 mln compared to the year-earlier period, mainly due to acquisitions in 2011 and 2012. Net profit was 15.4% higher at EUR 21.7 mln.
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PropertyEU Archive
NAI apollo group appoints Marcel Crommen as MD of holding company
NAI apollo group has appointed Marcel Crommen as managing director of the holding company to help drive the German property advisory's expansion strategy. Crommen will head the company together with the managing partners and founders Axel König and Andreas Krone.
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PropertyEU Archive
John Lewis awards Pramerica UK fund mandate
John Lewis Partnership Pensions Trust has mandated Pramerica Real Estate Investors to manage and expand its portfolio of UK property investments following a strategy review and manager selection process, the company announced last week.
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PropertyEU Archive
BlackRock expands real estate team with new hire
BlackRock has announced the appointment of Mark Long as director of Research within BlackRock's Real Estate team.
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PropertyEU Archive
KGAL loses CEO Eckert
KGAL has announced the departure of CEO Carsten Eckert. Eckert, aged 47, took over the reins of KGLA's management team in 2007 and has since focused on realigning the group as a 'real capital asset manager' while improving production and risk management processes.
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PropertyEU Archive
Editor's choice: top real estate headlines worldwide
This week's top property news at a glance:
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PropertyEU Archive
C&W hires new head of corporate occupier team in France
Cushman & Wakefield has appointed leading occupier expert Guy Grundy as a partner and head of Occupier Representation in France.
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PropertyEU Archive
Spanish portfolio depresses Vastned
Dutch listed retail specialist Vastned booked a negative indirect investment of EUR 44 mln in the first six months of 2012 following a devaluation of its Spanish shopping entres and retail parks. The direct investment result fell 6% over the period to EUR 31.6 mln.
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PropertyEU Archive
Goodman fully leases Slovakian portfolio
Goodman Group has announced that its distribution property portfolio in Slovakia is fully leased following the signing of a three-year letting agreement.
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PropertyEU Archive
Union Investment reaps profit on sale of Toronto tower
Germany's Union Investment has sold the Bell Trinity Square tower in Toronto to Canadian investment firm Northam Realty Advisors Limited for CA$368.5 mln (EUR 300 mln). Union Investment decided to sell now to take advantage of strong demand for prime property in Canada and to generate a profitable return on ...
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PropertyEU Archive
Corpus Sireo fund acquires German care home
Luxembourg-based Corpus Sireo Investment Management acquired a recently completed care home in the Hessian town of Babenhausen, Germany. The financial details of the transaction were not disclosed.
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PropertyEU Archive
Morgan Stanley appoints Savills as receiver for its own Canary Wharf office
Morgan Stanley Mortgage Servicing (MSMS) has appointed property adviser Savills as receiver for an office building the investment bank rents in London's Canary Wharf business district.
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PropertyEU Archive
ING increases provisions for bad property loans
Dutch insurance giant ING Group reported a sharp increase in provisions in the second quarter of 2012 on expected losses on its property loan portfolio, in particular in the Netherlands. The provisions for its commercial and private lending business rose to EUR 120 mln from a level of between EUR ...
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PropertyEU Archive
US private equity firm buys UK's Belfry hotel and golf resort
Denver-based private equity group KSL Capital Partners has acquired The Belfry, a well-known hotel and golf resort in England that has hosted the Ryder Cup on four occasions, from Sean Quinn Jr, the son of bankrupt former Irish billionaire Sean Quinn.
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PropertyEU Archive
Corio books hefty writedowns in Spain and Germany
Dutch listed retail specialist Corio saw net profit plunge 90% to EUR 11.7 mln in the first half of 2012 from EUR 122.8 mln in the year-earlier period. The sharp decline reflected a hefty writedown on the company's activities in Spain and Germany.
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PropertyEU Archive
Unibail-Rodamco completes Mfi deal in Germany
Paris-based Unibail-Rodamco has announced the closing of its acquisition of a controlling stake in Mfi, second-largest shopping centre developer-owner in Germany from global asset manager Perella Weinberg Partners.
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PropertyEU Archive
IVG sells Spiegal Island in Hamburg
German listed property company IVG Immobilien is selling the former headquarters of Spiegel media group to Hochtief Solutions, a division of German construction and property developer Hochief. The financial details were not disclosed.
