All Real Assets articles in Web Issue – Page 860
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PropertyEU Archive
PointPark starts extension project in Bratislava
Pan-European warehouse asset manager and developer PointPark Properties (P3) has started construction on a new 12,000 m[sup]2[/sup] extension for furniture retailer Mobelix.
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PropertyEU Archive
Carlyle gets loan for London student housing projects
The Carlyle Group's Pure Student Living has been granted development financing for the construction of three London sites from banks Barclays and Lloyds.
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PropertyEU Archive
Starwood to double portfolio in Russia and CIS
International hotel group Starwood Hotels & Resorts Worldwide has announced plans to expand its portfolio throughout Russia and the Commonwealth of Independent States (CIS).
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PropertyEU Archive
Norbert Müller takes on origination role at pbb
Norbert Müller is to take on responsibility for pbb Deutsch Pfandbriefbank's international customers, with a regional focus on the French, Scandinavian and Spanish markets. He takes up the new position on 1 September.
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PropertyEU Archive
Goodman seeks no1 logistics position in three countries
Goodman Group aims to become the logistics property market leader in France and Poland over the next three years. The global integrated logistics company is already the market leader in Germany, and topped PropertyEU's 2012 ranking of top European real estate developers.
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PropertyEU Archive
GLL shops in Paris with 4,175m[sup]2[/sup] office buy
Munich-based fund manager GLL Real Estate Partners has taken possession of an office property at 44/46 rue de Lisbonne in the 8th arrondissement of Paris. The vendor was New Ireland Assurance Company, represented by Kennedy & Wilson Europe.
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PropertyEU Archive
Eurocommercial acquires Swedish retail assets
Amsterdam-listed property company Eurocommercial has acquired Eurostop, Halmstad in southern Sweden. Property adviser Cushman & Wakefield, which acted fro the buyer, said the investment volume of SEK 560 mln (EUR 67 mln) reflects a net initial yield of around 6%.
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PropertyEU Archive
London & Stamford secures financing for residential acquisition
London & Stamford has completed a £65 mln (EUR 82 mln) refinancing deal for the acquisition of a residential scheme in Central London.
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PropertyEU Archive
SEB AM expands its business in Asia
SEB Asset Management is acquiring partial ownership of 9,035 m[sup]2[/sup] of the mixed-use Abeno Nini commercial building in Osaka, Japan, for JPY 7 bn (EUR 72 mln). The seller of the office, hotel and retail space is developer Osaka Colors.
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PropertyEU Archive
CBRE appointed to sell landmark Dublin hotel
Property adviser CBRE has been appointed to sell one of the best known hotels in Dublin. Paul McCann of insolvency specialist firm Grant Thornton, acting as receiver of Burhotel Trading Company, has instructed CBRE Hotels Dublin to the market and offer the Burlington Hotel for sale by private treaty.
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PropertyEU Archive
Construction of MainTor begins
German listed real estate company DIC Asset launched the construction phase of the MainTor riverside financial district in Frankfurt.
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PropertyEU Archive
Gulf investor snaps up office building near Southampton
Claymore Group, acting on behalf of Gulf-based Rhine Property Investments, has acquired a 4,900 m[sup]2[/sup] office property from Legal & General Property for £13.5 mln (EUR 17.5 mln) in an off-market transaction.
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PropertyEU Archive
Saxo buys three properties in Copenhagen
Nordic asset manager Saxo Properties has acquired three retail properties in the Danish capital Copenhagen. The assets were purchased for DKK 430 mln (EUR 58 mln) on behalf of Cubic Property Fund.
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PropertyEU Archive
Italy's Prelios in talks on capital injection
Italy's Prelios has confirmed it has received expressions of interest from Italian investors Merloni and Caputi as well as US asset manager Fortress regarding a potential capital injection and their entry as new shareholders in the loss-making company.
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PropertyEU Archive
RREEF's fund launch comes at 'challenging' time for sector
RREEF's plan to launch a £1bn (EUR 1.3 bn) UK property fund targeting 'index-linked returns' before the year-end comes at a challenging time for both the sector and the UK.
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PropertyEU Archive
Goodman, CPPIB double commitment to Chinese partnership to $1b
Logistics property specialist Goodman Group and Canada Pension Plan Investment Board (CPPIB) have increased their equity allocation to Goodman China Logistics Holding (GCLH) by an additional $500 mln (EUR 400 mln), with $400 mln contributed by CPPIB and $100 mln by Goodman.
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PropertyEU Archive
Redevco reaches 88% leasing level at Alea 101 in Berlin
Amsterdam-based retail property specialist Redevco has announced that its Alea 101 scheme on Alexanderplatz in Berlin is 88% leased a year before it is due to open.
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PropertyEU Archive
Doughty Hanson pulls plug on EUR 500m Madrid mall project
European private equity group Doughty Hanson has reportedly pulled the plug on the development of the flagship Valdebebas retail development project in Northeastern Madrid.
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PropertyEU Archive
CLS issues EUR 63m bond
CLS Holdings has announced plans to issue a sterling-denominated 5.50% bonds due in December 2019. The bond issue will be for no less than £50 mln (EUR 63 mln) in aggregate principal amount. It will run from August 22 until September 4, 2012, the company said in a statement.
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PropertyEU Archive
Conwert issues EUR 80m convertible bond
Austrian listed property group Conwert Immobilien Invest has initiated a two-step transaction designed to reduce its leverage and extending the maturity profile of its debt.
