All Real Assets articles in Web Issue – Page 862
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PropertyEU Archive
Resi overtakes office as most liquid asset class in Nordics: CBRE
Residential property surpassed offices as the most traded type of property in the Nordic region in the second quarter of 2012, according to the latest research by global real estate adviser CBRE.
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PropertyEU Archive
Quantum, LaSalle bag trophy office in London's Mayfair
Plaza Global Real Estate Partners, a joint venture of Quantum Global Real Estate and LaSalle Investment Management, has announced the acquisition of 23 Savile Row in London's Mayfair district, one of the best prime office buildings in the West End of the UK capital. The vendor is developer-investor D2Private.
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PropertyEU Archive
Corpus Sireo sells office complex in Berlin for Cerberus
German asset manager Corpus Sireo has sold an office complex in Berlin’s Mitte district to local property company EB Group on behalf of private equity firm Cerberus Capital Management. The parties agreed not to disclose the sales price.
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PropertyEU Archive
Europa Capital buys office tower in Warsaw
Fund management group Europa Capital has acquired the Twarda Tower in Warsaw from a fund managed by BPT Asset Management. Europa declined to disclose the purchase price.
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PropertyEU Archive
Citycon secures EUR 360m financing
Finnish listed property company Citycon has signed a EUR 360 mln long-term, unsecured credit facility with a Nordic bank group. The facility consists of a bullet loan of EUR 190 mln and a EUR 170 mln revolving credit facility. The loan period is five years on average.
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PropertyEU Archive
AXA Real Estate acquires EUR 400m London project
AXA Real Estate Investment Managers said on Tuesday that it has created a 50/50 joint venture partnership with an unnamed large third-party international client to purchase a 398,000 sq ft (37,000 m2) office development at King's Cross, London, from developer BNP Paribas Real Estate.
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PropertyEU Archive
British Land to issue EUR 400m bond
UK REIT British Land has announced plans to raise £300 mln (EUR 400 mln) through the launch of senior, unsecured convertible bonds due in 2017.
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PropertyEU Archive
Alstria secures EUR 42.5m loan for Dive portfolio deal
Germany's Alstria Office REIT has announced that it has secured financing for its Dive property portfolio from Helaba Landesbank Hessen-Thüringen.
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PropertyEU Archive
EUR 48b of resi development planned for London, EC Harris finds
The volume of prime residential property being planned for London continues to surge, with over 15,000 units worth in excess of EUR 48 bn currently earmarked for development over the next 10 years, according to EC Harris, the global built asset consultancy.
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PropertyEU Archive
Aberdeen launches new resi fund targeting Germany
Aberdeen Asset Management has launched a second residential fund for institutional investors in the space of two months. The new Spezialfonds will target residential assets in Germany and has some EUR 100 mln in seed money. In August, Aberdeen announced that its Swedish residential fund had received some EUR 115 ...
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PropertyEU Archive
Allianz Real Estate acquires Paris office building
Allianz Real Estate has announced the acquisition of an office building in the 9th district of Paris from French real estate investment trust Gecina. The two sides have agreed to maintain confidentiality about the purchase price.
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PropertyEU Archive
Q-Park appoints Wim Das as CFO
European parking facilities provider Q-Park has announced the appointment of Wim Das as chief financial officer from 1 October.
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PropertyEU Archive
Atenor launches new mixed-use project in Ath
Belgian developer Atenor has announced plans to develop a mixed-use project in the Belgian city of Ath after winning the competition organised by the local council for the redevelopment of a former sugar refinery.
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PropertyEU Archive
Redevco Turkey loses board member and development boss
European privately-held retail specialist Redevco has announced the departure of its Turkish unit's development director and board member Harold Reniers.
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PropertyEU Archive
UGL retains DTZ name for property services business
Sydney-based UGL said on Tuesday that its property services business, comprising UGL Services and DTZ, will be united under a single global brand.
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PropertyEU Archive
Eurozone woes drag down fund performance in Q2: IPD
The eurozone crisis pushed second-quarter returns on pan-European real estate funds into the red for the first time since early 2010, according to the latest research from IPD.
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PropertyEU Archive
Malaysians seal EUR 500m Battersea Power Station deal
The Malaysian consortium which agreed to buy Battersea Power Station in central London last month for £400 mln (EUR 505 mln) has completed the deal, opening the way for the start of its redevelopment later this year.
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PropertyEU Archive
Patron raises over EUR 880m for new fund
Pan-European distressed asset investor Patron Capital has raised over EUR 880 mln for its new fund, Fund IV, which will acquire assets on its own as well as co-invest with partners and banks.
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PropertyEU Archive
AXA RE appoints new global head of capital markets
AXA Real Estate Investment Managers has appointed Dietrich Heidtmann as global head of investor relations and capital markets ahead of the partial retirement at the end of the year of Antoine Jozan.
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PropertyEU Archive
Cordea Savills appoints former AXA exec Patel as CIO
International property investment manager Cordea Savills has appointed Kiran Patel as chief investment officer with a global remit.
