All Real Assets articles in Web Issue – Page 897
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PropertyEU Archive
UK retail sector sees ‘unprecedented’ value destruction
The UK retail sector has seen ‘value destruction on an unprecedented scale’, a leading real estate expert has said.
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PropertyEU Archive
St Mowden submits plans for UK retail scheme
Norton & Proffitt Developments, a joint venture between St Modwen and Goold Estates, has submitted a planning application for a retail and leisure development in Walsall town centre in the UK totalling nearly 8,400 m[sup]2[/sup].
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PropertyEU Archive
Wealthcap purchases Ten Towers in Munich
German fund manager Wealthcap has acquired the Ten Towers (Telekom Center) in its home town of Munich. The property provided a leaseable area of over 69,000 m[sup]2[/sup] on Munich's Mittlerer Ring at the corner of Dingolfinger Strasse and Berg-am-Laim Strasse.
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PropertyEU Archive
Prupim opens offices in Tokyo and Seoul
UK-based global real estate asset manager Prupim is opening new offices in Tokyo and Seoul, and has hired four professionals - with a total of 70 years of real estate experience - to expand its team in the region.
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PropertyEU Archive
Corpus Sireo eyes growth from rise in German NPLs in 2013
Demand for German asset management skills is set to increase significantly in the coming years due to the expected rise in non-performing loans in the country's commercial real estate market. That is one of the key conclusions of a market analysis conducted by Corpus Sireo, one of Germany's leading real ...
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PropertyEU Archive
UK, Germany and France account for 80% of logistics market in Q3
Investment in European logistics and industrial assets maintained its momentum in the third quarter of 2012, with roughly EUR 2 bn transacted over the quarter, according to new research published by agent Jones Lang LaSalle.
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PropertyEU Archive
Blackstone snaps up London's Adelphi asset for EUR 321m
Blackstone has exchanged contracts to buy the Adelphi office building on London's Embankment from Dubai investment fund Istithmar for around £260m (EUR 321 mln).
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PropertyEU Archive
Blackstone bags top Dublin hotel at 77% discount to peak price
Blackstone has acquired the largest hotel in Dublin at a 77% discount to the price it last traded at in 2007. The US private equity firm paid EUR 67 mln for the four-star Burlington Hotel.
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PropertyEU Archive
Goodman to develop third Amazon warehouse in France
Logistics property giant Goodman has signed a contract with online ecommerce provider Amazon to develop a 90,000 m[sup]2[/sup] logistics centre in northern France.
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PropertyEU Archive
BlackRock launches European infrastructure debt unit
US investment manager BlackRock has poached three infrastructure specialists from Blackstone for a new European debt investment initiative. BlackRock is hiring Philippe Benaroya, Chris Wrenn and Gilles Lengaigne to launch an infrastructure debt investment unit based in London.
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PropertyEU Archive
Hearthstone secures London borough money for residential fund
Islington Council will invest £20 mln (EUR 25 mln) of its £800 mln pension fund with residential property investment manager Hearthstone Investments in a move expected to reduce liabilities and boost the supply of housing in a time of government cuts.
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PropertyEU Archive
ING Real Estate to pull out of HafenCity project in Hamburg
The head of Hamburg's HafenCity project has confirmed reports that ING Real Estate is pulling out of the EUR 900 mln docklands transformation scheme.
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PropertyEU Archive
UBS names new head of global real estate
UBS Global Asset Management has announced the appointment of Thomas Wels as new head of global real estate, effective December 1, 2012.
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PropertyEU Archive
Europe to remain sick man of the world in 2013, Paris briefing hears
Europe will continue to struggle and kick the can down the road for the next four quarters, Mahdi Mokrane, head of research & strategy at AEW Europe, told PropertyEU's Outlook 2013 Investment Briefing held in Paris last week. 'The eurozone is fighting negative GDP growth this year and we will ...
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PropertyEU Archive
German firm joins race for Ireland's EUR 70b distressed asset sell-off
Berlin-based CR Investment Management has opened an office in Ireland where it expects EUR 70 bn of distressed real estate-backed bank assets to come to market by 2015.
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PropertyEU Archive
Mountgrange and Prupim ready EUR 74m Glasgow project
Mountgrange Real Estate Opportunity Fund (MoREOF) and fund manager Prupim have completed the acquisition of a property in the Scottish city of Glasgow in preparation for a mixed-use development. The expected value of the 13,200 m[sup]2[/sup] office and retail project is £60 mln (EUR 74 mln).
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PropertyEU Archive
Helical and Crosstree invest EUR 75m in London properties
UK-listed Helical Bar and private company Crosstree Real Estate Partners have purchased a site with four properties in London for £60.7 mln (EUR 75 mln).
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PropertyEU Archive
Europa and Ediston strike in Aberdeen and Birmingham
Europa Capital and UK-based Ediston Properties have purchased properties in Birmingham and Aberdeen for a total investment volume of £22 mln (EUR 27 mln).
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PropertyEU Archive
Henderson adds two French malls to its portfolio
Henderson Global Investors has purchased two shopping centres in France on behalf of its German joint venture, Warburg-Henderson. Grand Quétigny Shopping Gallery in Quétigny, Dijon,and Ile Napoléon in Mulhouse-Illzach, Alsace were acquired for a total of EUR 151 mln.
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PropertyEU Archive
Real estate sustainability bodies join forces
Two global organisations that promote 'green' strategies in the real estate sector are joining forces to help improve the sustainability performance of investment portfolios and the sector at large.
