News
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May 23, 2013 - Taiwan law change paves way for insurers to go global
Outlet: Released
A new law in Taiwan will open the door to cash-rich insurance companies controlling $450 billion of capital to enter the overseas real estate investment market for the first time.
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May 23, 2013 - Senator office building in Warsaw sold for €120 million
Outlet: Warsaw Business Journal - Online
Developer Ghelamco Poland has sold its Senator office building in Warsaw to Union Investment Real Estate GmbH for around €120 million.
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May 22, 2013 - RBS launches real estate services for HNIs
Outlet: Zee 24 - Online
British lender Royal Bank of Scotland has launched a real estate services vertical aimed at high networth clients.
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May 22, 2013 - Aberdeen completes U.S. fund manager acquisition
Outlet: Money Marketing - Online
Aberdeen Asset Management has completed the deal to buy U.S. fund management house Artio Global Investors.
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May 21, 2013 - National Association of Pension Funds launches responsible investment guide
Outlet: Professional Pensions - Online
The National Association of Pension Funds has launched a guide to responsible investment and urged member schemes to consider “extra-financial factors” in their strategies. The guide sets out steps funds can take to understand and manage environmenta
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May 21, 2013 - Russian property volumes top €2.5 billion in first quarter
Outlet: PropertyEU - Online
Real estate investment in Russia reached $3.3 billion (€2.5 billion) in the first quarter of 2013, according to Colliers International. This is four times more than both the first quarter of 2012 and 2011.
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May 21, 2013 - Dentons leads on debut Immofinanz WSE listing
Outlet: Released
Dentons’ Capital Markets team in Warsaw has led on the recent debut listing of Immofinanz, the largest Austrian real estate company, on the Warsaw Stock Exchange.
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May 21, 2013 - Hong Kong is top target for new retail entrants
Outlet: Released
Hong Kong is the world’s hottest retail market, attracting significantly more new entrants than any other city, according to the 2013 edition of How Global is the Business of Retail? by leading global property advisor CBRE.
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May 20, 2013 - APG joins PGGM in voicing concerns on GSW appointment
Outlet: PropertyEU - Online
A second large shareholder has raised questions about the recent appointment of the new CEO at German listed residential property company GSW.
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May 20, 2013 - LGP acquires £70 million Marston's portfolio
Outlet: Released
Legal & General Property (LGP) has completed a sale and leaseback purchase of a portfolio of 27 Marston’s pubs for a total consideration of just under £70 million.
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May 20, 2013 - DAMAC Properties announces strategic build programme in Iraq
Outlet: Released
DAMAC Properties plan to expand its operations to Iraq.The company has completed 37 buildings and has a further 66 currently under construction across sevens countries in the Middle East and North Africa.
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May 17, 2013 - LaSalle raises £238 million LaSalle Residential Finance I
Outlet: Released
LaSalle Investment Management has held a final close for its LaSalle Residential Finance I. The £238 million vehicle aims to provide developers with senior ranking whole loan financing for residential projects and student housing development schemes
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May 17, 2013 - LGP hires Cushman & Wakefield's Chris Hunt
Outlet: Released
Legal & General Property has appointed Chris Hunt as a senior asset manager to support its £800 million Property Unit Trust.
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May 17, 2013 - Henderson Global Investors and Palmira acquire logistics park in Winsen an der Luhe, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Prtner have acquired a logistics park in Winsen an der Luhe, Germany on behalf of the Henderson German Logistics Fund.
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May 17, 2013 - Legal & General funds student accommodation development in Elephant & Castle
Outlet: Released
Legal & General Property has agreed to forward fund a student accommodation scheme in Elephant & Castle, London, for a total consideration of £25.7 million.
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May 17, 2013 - FTSE EPRA/NAREIT real estate indices surpass $10 billion in ETF-linked AUM
Outlet: Released
FTSE Group (FTSE), the global index provider, has announced that the ETF assets linked to the FTSE EPRA/NAREIT Global Real Estate Index Series, reached $10.5 billion in assets under management, as of April 30, 2013.
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May 16, 2013 - Dundee to raise up to €109 million
Outlet: EGi
Dundee International, the Germany-focused Canadian REIT, is raising up to C$143.9 million (€109 million) through an equity offering to fund future acquisitions.
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May 16, 2013 - Qatar buys into Milan property project
Outlet: Released
Qatar’s sovereign wealth fund has bought a 40-percent stake in a new 290,000-square meter skyscraper project near the center of Milan with a commercial value of €2.0 billion euros ($2.6 billion).
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May 16, 2013 - Union Investment acquires Fiege logistics development in Switzerland
Outlet: Released
Union Investment Real Estate GmbH is adding to its logistics portfolio in Europe’s growth centres – the Hamburg-based investment manager has purchased its first logistics property in Switzerland.
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May 15, 2013 - CBRE appoints Walter Wölfler as head of retail, CEE
Outlet: MyNewsDesk
CBRE announces the appointment of Walter Wölfler as head of retail, Central & Eastern Europe (CEE) to drive the global property advisor’s retail business in Austria, Russia and the wider CEE region.
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May 15, 2013 - Land Securities/CPPIB JV to develop the £768 million first phase of Victoria Circle
Outlet: Released
Land Securities and its joint venture partner Canada Pension Plan Investment Board (CPPIB) have confirmed the commencement of the £768 million first phase of its Victoria Circle project.
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May 15, 2013 - Aberdeen Asia nears final close for third Asia fund
Outlet: Institutional Real Estate Newsline
Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31.
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May 15, 2013 - United Kingdom slips into third position
Outlet: Released
Russia will soon overtake the United Kingdom for the first time to become the second-largest shopping center market in Europe, according to a report published by global property consultants Cushman & Wakefield.
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May 15, 2013 - LGP acquires three Uxbridge office assets
Legal & General Property has purchased three office assets in Uxbridge, let to Xerox, for a total consideration of over £34 million.
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May 15, 2013 - Rockspring sells Riverside House, Aberdeen for £13.75 million
Outlet: Released
Rockspring Property Investment Managers has sold Riverside House in Aberdeen on behalf a separate account mandate for £13.75 million to Aston Property Ventures.
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May 14, 2013 - Dexus sells five of its six European properties
Outlet: Yahoo! Finance Australia
Australia-based Dexus Property Group has sold five of its six remaining European industrial properties for a total of €16.5 million ($21.2 million).
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May 14, 2013 - European real estate investment surges 28 percent in first quarter as buyers widen search
Outlet: Released
The first quarter of 2013 saw high levels of direct real estate investment across Europe, building on the momentum at the end of 2012, as both international and domestic investors targeted real estate assets.
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May 14, 2013 - Stefan Stefanov appoints construction manager for Tishman Management Co.
Outlet: Released
Tishman International Cos. has announced the appointment of Stefan Stefanov as construction manager for Tishman Management Co.
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May 14, 2013 - Deka Immobilien acquires commercial property in Spain
Outlet: Released
Deka Immobilien GmbH has acquired Ronda de Sant Pedro 5, paying around €19 million for this office and retail property in Barcelona.
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May 14, 2013 - Henderson hires two portfolio managers to drive retail portfolio value
Outlet: Released
Henderson Global Investor has hired Paul-Eric Perchaud and Julien Chaperon to strengthen its French team. Both will be based in Paris.
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May 14, 2013 - Commerzbank in talks to sell €5.7 billion of U.K. property loans
Outlet: Thomson Reuters - India - Online
Commerzbank is in talks to divest the bulk of its €5.7 billion in British property loans.
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May 13, 2013 - La Française Real launches €150 million open-end fund
Outlet: Institutional Real Estate Newsline
La Française Real Estate Managers has launched LFP Immo SR 2, an open-end fund with a €150 million ($190 million) equity target.
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May 13, 2013 - Terrace Hill completes two pre-let and pre-sold forstore developments
Outlet: Released
Terrace Hill Group has completed the delivery of two pre-let and pre-sold foodstore developments in the North East of England; in Sunderland and in Sedgefield.
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May 13, 2013 - Londonmetric Property acquires retail warehouse park in Ipswich
Outlet: Released
LondonMetric Property Plc has exchanged on the acquisition of Martlesham Heath Retail Park, Ipswich from clients of JPMorgan Asset Management.
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May 13, 2013 - Grainger and Dorrington create JV for £111 million South London portfolio
Outlet: Released
Grainger and Dorrington announce the creation of a 50/50 joint venture, Walworth Investment Properties Limited, which has been formed to acquire a portfolio of South London residential property for £111 million.
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May 13, 2013 - Aviva deal could fund 600 private rent homes
Outlet: Inside Housing Online
A2Dominion, which owns and manages 34,000 homes, is to build 750 private rented homes over the next five years as one of a wave of social landlords wading into the sector.
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May 13, 2013 - Rockspring extends Asia Pacific platform with the launch of first North East Asian office in Seoul
Outlet: Released
Rockspring Property Investment Managers has opened an office in Seoul, South Korea, to further support its growing investor base in the region.
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May 13, 2013 - The Bishopsgate Long Term Property Fund Unit Trust acquires two more assets
Outlet: Released
The Bishopsgate Long Term Property Unit Trust Fund, advised by Cordea Savills, has completed its second and third acquisitions, comprising a Tesco food store in the Cotswold town of Stroud and a hotel/office complex in Cardiff.
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May 13, 2013 - LaSalle sells German retail park portfolio
Outlet: Released
LaSalle Investment Management has sold a portfolio of three German retail parks to pension funds “Pensionskasse der Mitarbeiter der Hoechst-Gruppe VVaG” and “Höchster Pensionskasse VVaG” on behalf of its Income and Growth Fund.
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May 13, 2013 - Deutsche Bank and Apollo Global Management refinance Blackstone owned Chiswick Park
Outlet: Released
Deutsche Bank has advanced a new £400 million senior loan facility to refinance Chiswick Park in London. The £200 million mezzanine facility was provided by Apollo Global Management on behalf of a separate managed account.
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May 13, 2013 - M&G partners with Asian institutional investor to acquire three superstores
Outlet: Released
M&G Real Estate has formed a partnership with an Asian institutional investor to acquire a 70 percent stake in the long leases of three superstores with a combined market value of £237 million.
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May 13, 2013 - Deka Immobilien sells logistics property in the USA
Outlet: Released
Deka Immobilien GmbH has sold a logistics complex at 311-315 Half Acre Road in Cranbury, New Jersey. It was previously held in the property portfolio of Deka-S-PropertyFund No. 1.
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May 13, 2013 - UNOFI acquires the "Atria" building in Paris
Outlet: Released
GDG Investissements has sold the "Atria" property in the 10th district of Paris to UNOFI Assurances.
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May 13, 2013 - Tristan holds second closing for EPISO 3 Fund
Outlet: Released
ristan Capital Partners has completed a second closing for its opportunistic real estate fund EPISO 3, nearing the halfway point to its final target of €750 million, with deals for this investment strategy in Europe.
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May 13, 2013 - Real I.S. buys mixed-use scheme in The Hague
Outlet: Released
Real I.S. Investment has purchased the De Kroon mixed-use property in The Hague, Netherlands for €38 million advised by international real estate advisor Savills and Loyens & Loeff.
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May 12, 2013 - Carr Properties nears deal for $300 million Israeli investment, plans to go public
Outlet: Washington Business Journal
Carr Properties is in the final stages of landing a $300 million investment from Alony Hetz Properties and Investments, one of the largest real estate investment companies in Israel.
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May 12, 2013 - Patron plans $1.3 billion German property spending
Outlet: Bloomberg
Patron Capital Partners, a private-equity firm that invests in European real estate, plans to spend more than €1 billion ($1.3 billion) on German properties over the next two year.
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May 10, 2013 - Feri and US Treuhand establishes U.S. real estate company
Outlet: Released
Feri and US Treuhand in Darmstadt just signed an agreement for an extensive collaboration. At the core of the agreement is the formation of a joint company to be named UST Immobilien GmbH.
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May 10, 2013 - AXA Real Estate’s Tokyo Office Property Fund completes second acquisition
Outlet: Released
Tokyo Office Property Fund, a fund managed by AXA Real Estate Investment Managers, has completed the acquisition of Kyobashi Square, a core building located in the Chuo-Ku district of central Tokyo, from Godo Kaisha Kyobashi Property.
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May 10, 2013 - LaSalle sells German retail park portfolio
Outlet: PropertyEU - Online
LaSalle Investment Management has sold a portfolio of three German retail parks to two pension funds.
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May 8, 2013 - The Bishopsgate Long Term Property Fund Unit Trust acquires two more assets
Outlet: Released
The Bishopsgate Long Term Property Unit Trust Fund, advised by Cordea Savills, has completed its second and third acquisitions, comprising a Tesco food store in the Cotswold town of Stroud and a hotel/office complex in Cardiff.
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May 8, 2013 - Rockspring sells Kings and Conquest House, Kingston, for £31 million
Outlet: Released
Rockspring Property Investment Managers has sold Kings and Conquest House in Kingston-Upon-Thames to an institutional client of Aberdeen Asset Management.
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May 7, 2013 - Fundraising volume on the downturn
Outlet: Institutional Real Estate Newsline
Fundraising activity slowed drastically during first quarter 2013 compared with the high volume posted during fourth quarter 2012.
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May 7, 2013 - AXA Real Estate appoints new German head of investor relations
Outlet: Released
AXA Real Estate Investment Managers has appointed Michael Husung as German head of investor relations. His responsibilities are for all investor relations activities within Germany, Austria and German speaking Switzerland.
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May 3, 2013 - Inland American announces $600 million institutional JV
Outlet: Released
IAGM Retail Fund I Member, a wholly owned subsidiary of Inland American Real Estate Trust, announced on May 1 that it formed a new retail joint venture with PGGM Private Real Estate Fund.
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May 3, 2013 - Hammerson, CCPIB buy one third of Bullring mall for €364 million
Outlet: Released
Hammerson, in a 50-50 joint venture with Canada Pension Plan Investment Board (CCPIB), has acquired a 33.3 percent stake in the Bullring shopping center in Birmingham from the Australian Future Fund for £307 million.
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May 3, 2013 - Patrizia Immobilien AG makes debut U.K. acquisition
Outlet: Released
Patrizia Immobilien AG has announced its first acquisitions in the United Kingdom.
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May 3, 2013 - LGP acquires Sainsbury's supermarket for £72.5 million
Outlet: Released
Legal & General Property (LGP) has purchased a Sainsbury’s supermarket in Hayes in West London, from Aviva Investors for a total consideration of £72.5 million.
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May 3, 2013 - Partners Group invests in a 350,000-square-foot portfolio of offices
Outlet: Released
Partners Group has invested on behalf of its clients in an 80 percent secondary stake in a portfolio of office buildings located in Stockley Park and Croydon managed by CarVal Investors.
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May 2, 2013 - IVG purchases Frankfurt retail property “Zeil 94” in a club deal
Outlet: Released
IVG has acquired the “Zeil 94” retail property in Frankfurt city center for two specialized real estate funds of institutional investors.
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May 2, 2013 - Ireland's NAMA sells Irish portfolio to Starwood consortium
Outlet: Yahoo! Finance UK
Ireland's "bad bank" has sold its first portfolio of Irish commercial property loans to a consortium led by private real estate investor Starwood Capital Group, but the National Asset Management Agency declined to say what discount it gave.
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May 1, 2013 - Foreign investors moving beyond top tier markets to buy office property in more U.S. cities
Outlet: CoStar Group
Foreign investors continued to widen their horizons in the first quarter of 2013 by making substantial investments in markets such as Denver, Portland, Tampa and the Inland Empire region in California.
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May 1, 2013 - Pramerica appoints business development director
Outlet: Released
Pramerica Real Estate Investors announces that it has appointed Annemarie Manning as a director in the business development team in its London office.
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May 1, 2013 - CBRE announces senior hire to support asian capital seeking global investment
Outlet: Released
Marc Giuffrida will join CBRE as executive director and will be based in Singapore. Marc will build and lead a team across Asia to further strengthen CBRE’s global capability
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April 30, 2013 - W. P. Carey acquires Tommy Hilfiger European distribution center
Outlet: Released
W. P. Carey Inc. a real estate investment trust announced today that it has acquired the main European distribution center of the Tommy Hilfiger Group from its current landlord, Aspen Real Estate Investments BV.
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April 30, 2013 - Björn Thiemann named UniImmo: Europa fund manager
Outlet: Released
Björn Thiemann will take over as head of the Unilmmo: Europa and Unilmmo: Global fund management unit at Union Investment Real Estate GmbH, Hamburg.
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April 30, 2013 - Henderson and Palmira acquire distribution centre in Bruchsal, Germany
Outlet: Released
Henderson Global Investors and Palmira Capital Partners, on behalf of the Henderson German Logistics Fund (HGLOF), have acquired a distribution center in Bruchsal, Germany from a foreign investment fund. It is HGLOF's fourth acquisition.
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April 29, 2013 - Investors increasingly pore over property
Outlet: Released
Investors are digging deeper into Property and Infrastructure asset classes in the search for return in a low-yield bond environment, according to CAMRADATA’s latest product review.
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April 29, 2013 - Valad Europe sells Hartlebury Trading Estate to Schroders for £46.5 million
Outlet: Released
Valad Europe, the leading diversified real estate investment manager in Europe, has sold Hartlebury Trading Estate, Worcestershire to Schroder Life Fund for £46.5 million. The sale was made on behalf of The Industrial Trust.
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April 29, 2013 - IVG Garbe Logistik fund acquires core properties in Hamburg and Stuttgart
Outlet: Released
The IVG Garbe Logistik fund has made its first real estate acquisitions in the shape of two logistics properties near Stuttgart and in Hamburg. The total transaction volume for the properties is around €60 million.
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April 29, 2013 - Deutsche Wohnen acquires Blackstone residential portfolio
Outlet: Released
Deutsche Wohnen AG is to acquire a residential real estate portfolio of approximately 6,900 units in Berlin from affiliates of Blackstone Real Estate Partners Europe III.
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April 26, 2013 - Orchard Street purchases Suffolk Retail Park, Ipswich
Outlet: Released
Orchard Street Investment Management has acquired Suffolk Retail Park, Ipswich from clients of Aberdeen Asset Management for £18.75 million.
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April 26, 2013 - Oxford Properties acquires home of The London Stock Exchange
Outlet: Released
Mitsubishi Estate Co. has sold King Edward Court, 10 Paternoster Square, London, EC4 to Oxford Properties, the real estate arm of the OMERS Worldwide Group of companies, for £235 million.
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April 26, 2013 - SEB Asset Management sells shopping centre in Japan
Outlet: Released
SEB Asset Management has sold the AEON Mall Chiba NEW TOWN in Chiba, Japan, to a Japanese company. The selling price was the equivalent of approximately €100 million.
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April 26, 2013 - London & Cambridge Properties buys shopping mall portfolio
Outlet: Released
London & Cambridge Properties has acquired three shopping malls for a total of €67 million in the cities of Radom, Tarnów and Piotrków Trybunalski.
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April 26, 2013 - More U.S. investors spanning the globe for real estate
Outlet: US Daily, The
U.S. investors are rediscovering their appetite for foreign real estate. Attracted by potentially higher returns, they are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years.
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April 25, 2013 - Pramerica Real Estate raises €520 million for debt fund
Outlet: Released
Pramerica Real Estate Investors has closed the third of its Pramerica Real Estate Capital vehicles, with €520 million ($680 million) in equity commitments.
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April 25, 2013 - Sturgeon Ventures launches Theme-Based Absolute Return Fund
Outlet: Released
Sturgeon Ventures, the regulatory incubator, has launched the Clerkenwell Matterhorn Fund (the “Fund”), an absolute return, open-ended long/short fund with a long bias.
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April 25, 2013 - Norway wealth fund buys industrial real estate for €1.2 billion
Outlet: Reuters - Online
Norway's sovereign wealth fund is making its first investment in industrial real estate after it acquired 50 percent of a portfolio of properties from Prologis Inc. for €1.2 billion.
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April 25, 2013 - African property fund to raise $85 million
Outlet: Bloomberg News - Online
HBW Group Pty Ltd., a South African real-estate developer, plans to raise $85 million by selling shares in an African property fund as retailers look for land to expand in the world’s second-fastest growing region.
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April 24, 2013 - Samsung SRA acquires London City-based office property
Outlet: Released
Samsung SRA Asset Management has acquired 30 Crown Place in London on behalf of South Korean institutional investors from a fund managed by Hannover Leasing GmbH & Co. KG.
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April 24, 2013 - SWUF completes £49 million in Central London transactions
Outlet: Released
Scottish Widows Unit Funds completes approximately £50 million in transactions in Central London.
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April 24, 2013 - NEINVER strengthens its position as leading outlet operator with three new projects in Europe
Outlet: Released
NEINVER plans to develop three new outlet centers in Spain, The Netherlands and Germany. These outlet projects will add to the 15 outlet centers that the Spanish company already manages in six European countries.
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April 23, 2013 - Orchard Street appoints Gadsden as new partner
Outlet: PropertyEU - Online
Orchard Street Investment Management has appointed Philip Gadsden as a new partner. Gadsden joins Orchard Street after serving as deputy chief executive officer at Invista Real Estate Investment Management.
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April 23, 2013 - Retail boosts French investment market, according to Savills research
Outlet: PropertyEU - Online
French commercial real estate investment volumes remained firm during the first three months of 2013, according to research from Savills. Approximately €2.5 billion was invested in French commercial real estate during the first quarter of 2013.
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April 23, 2013 - Patrizia completes the acquisition of Tamar Capital Group
Outlet: Released
Patrizia Immobilien AG has completed the acquisition of Tamar Capital Group, which was initially announced in December 2012.
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April 23, 2013 - Deutsche purchases Metris building in Munich for €150 million
Outlet: Released
Deutsche Asset & Wealth Management has acquired the Metris building located in the Arnulfpark in Munich, Germany, for approximately €150 million on behalf of the open ended real estate fund grundbesitz europa.
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April 23, 2013 - Almazara names new consultant
Outlet: Released
Almazara | Real Assets Advisory has hired Okan Yilmaz MScBa as a consultant.
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April 23, 2013 - Delin appoints new vice president
Outlet: Released
Delin Capital Asset Management has appointed Sarah Emery as a vice president with responsibility for running the finance department.
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April 22, 2013 - Italian luxury designer outlet Florentia Village arrives in Shanghai
Outlet: Released
Silk Road Holdings has acquired its latest designer outlet development site, located in the Pudong New District of Shanghai.Silk
Road Holdings intends to open the Shanghai project as well as a Florentia Village in Guangzhou before the end of 2014.
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April 22, 2013 - Eric Byrne appointed head of real estate multi-manager platform
Outlet: Released
UBS Global Asset Management’s Global Real Estate has appointed Eric Byrne as the new head of global multi-managers & securities.
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April 22, 2013 - Berkadia hires new managing director for capital markets division
Outlet: Released
Berkadia Commercial Mortgage has named Preston Sargent managing director for equity initiatives and separate accounts.
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April 21, 2013 - Catalyst Capital launches €1 billion office and retail fund
Outlet: Property Week - Online
Catalyst Capital has launched the €1 billion Catalyst European Property Fund II focused on the office and retail market.
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April 19, 2013 - Icade sells logistics package to Apollo for €145 million
Outlet: PropertyEU - Online
Icade has sold a major portfolio of logistics properties to U.S.-based opportunistic investor Apollo for a total of €145 million. Jones Lang LaSalle advised Apollo on the purchase.
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April 19, 2013 - BBVA carries out sale and leaseback of Paris HQ for €32 million
Outlet: Released
Multinational Spanish banking group BBVA has carried out a sale and leaseback of its Paris headquarters, located at 29 Avenue de l'Opéra (Paris 1), as part of a strategy to optimise its property holdings.
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April 19, 2013 - Landmark Blue Tower in Brussels sold
Outlet: Released
Brussels’ Blue Tower has been sold by Morgan Stanley Real Estate Investment GmbH, advised by Savills and BNP RE, to Belgian REIT Befimmo for €78.5 million in the largest multi-let office deal since 2008.
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April 19, 2013 - Redefine International strengthens team with new analyst appointment
Outlet: Released
Redefine International, the diversified income focused property company, has appointed Henry Giles as an analyst.
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April 19, 2013 - European property investment up 11 percent during first quarter
Outlet: Released
European commercial real estate investment increased by 11 percent in the first quarter of 2013, with the core markets showing strong performance and several of the countries hardest hit by the euro crisis showing increasing activity.
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April 19, 2013 - Lone Star, Wells Fargo in talks to buy Eurohypo portfolio
Outlet: Yahoo! News
Lone Star and Wells Fargo are in exclusive talks to buy a 4 billion pound U.K. property loans portfolio, put up for sale by Commerzbank.
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April 18, 2013 - PRUPRIM hires new associate director in Germany, opens new Paris office
Outlet: Released
PRUPRIM, the real estate investment manager of M&G Investments, has announced the appointment of Thomas Kächele as associate director in Frankfurt. As part of its expansion into Europe, PRUPRIM also opened a new office in Paris.
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April 18, 2013 - Aberdeen Asset Management appoints Misev as portfolio manager
Outlet: Investment Europe
Alek Misev is the new portfolio manager for Aberdeen Asset Management. He will be based in Amsterdam working with Karin Koks, head of Global Mandates.
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April 17, 2013 - Commerzbank discusses £4 billion sale of Eurohypo to U.S. investors
Outlet: Reuters
Commerzbank AG, Germany's second-biggest lender, is in exclusive talks to sell its U.K. property business, Eurohypo, to private equity firm Lone Star and Wells Fargo & Co, the Financial Times reported, citing people familiar with the talks.
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April 17, 2013 - Prologis to develop third BTS facility in Wroclaw
Outlet: PropertyEU - Online
Prologis is to develop the third built-to-suit facility at its park in the Polish city of Wroclaw in less than 24 months.
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April 17, 2013 - JLL launches property and facility management department, Russia & CIS
Outlet: Europe Real Estate
Jones Lang LaSalle launches a completely new department to focus solely on complex property and facility management services.The business line will complement the already existing Retail Property Management department.
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April 16, 2013 - De Vere to sell venues arm for up to £300 million
Outlet: City AM - Online
De Vere Group, the hotel and health club operator part-controlled by Lloyds Banking Group said it has hired investment bank Lazards to sell De Vere Venues and is expected to fetch up to £300 million.
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April 16, 2013 - London’s luxury-home boom may be ending, Grosvenor says
Outlet: Bloomberg Businessweek
Grosvenor Group, the real estate company owned by the Duke of Westminster’s family trusts, said it’s looking to buy rental properties for middle-income tenants as London’s five-year luxury-home boom may be ending.
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April 16, 2013 - Deutsche Bank sells Madrid Headquarters
Outlet: PropertyEU - Online
Deutsche Bank has sold its headquarters in Madrid in a €42 million sale and leaseback with Indian businessman Ram Bhavnani.
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April 16, 2013 - APP begins Heathrow development
Outlet: PropertyEU - Online
The Airport Property Partnership (APP) has started construction of a logistics development at Heathrow Airport.
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April 16, 2013 - Lloyd's insurer Cathedral begins £250 million sale
Outlet: Yahoo! Finance UK
Cathedral Capital, which is majority-owned by Alchemy, is expected to command a price tag of more than £250 million.
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April 15, 2013 - Qatar sovereign fund says German real estate good opportunity
Outlet: Zawya - Online
Qatar's aggressive sovereign wealth fund is focusing its investment strategy in Germany on companies selling to emerging markets and on real estate.
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April 15, 2013 - Selec portfolio receives €620 million refinancing
Outlet: Released
The Selec portfolio, originally composed of 10 200 homes let to EDF in the context of a 12 year firm lease, was acquired by LBO France in 2006 in a joint venture with RREEF. The lease with EDF was renewed in 2010 for another 12 year period.
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April 15, 2013 - Rockspring funds £12.27 million Sainsbury’s supermarket development in Milton Keynes
Outlet: Released
Rockspring Property Investment Managers has announced that it is funding the development of a supermarket in Milton Keynes for £12.27 million, reflecting a net initial yield of 5.1 percent, on behalf of a separate account mandate.
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April 15, 2013 - FORE Partnership makes first Scottish acquisition
Outlet: Released
FORE Partnership, the private investment club for family offices, part of the Cording Group, has completed the acquisition of New Telecom House, a landmark office building in Aberdeen.
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April 15, 2013 - CBRE Global acquires Düsseldorf hypermarket fpr €25 million
Outlet: Released
CBRE Global Investors has completed the acquisition of a hypermarket in Düsseldorf, Germany, for more than €25M on behalf of its Pan European Core Fund.
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April 15, 2013 - Union Investment launches new hotel fund
Outlet: Released
Union Investment has launched a new hotel fund for institutional investors, UII Hotel Nr. 1, with a €250 million fundraising target.
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April 15, 2013 - Blackstone’s LogiCor plans to double size of warehouse portfolio
Outlet: Bloomberg
LogiCor, The Blackstone Group’s European warehouse owner and operator, plans to double its portfolio through 2015 as it seeks to profit from rising rents and values.
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April 12, 2013 - BerchWood Partners promotes partner
Outlet: Released
BerchWood Partners has promoted Paola Tarazi to Partner in its London office.
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April 12, 2013 - ACREST sells residential and retail property in Munich
Outlet: Released
On behalf of CitCor Office Properties GmbH & Co. KG, the Berlin-based ACREST Property Group GmbH has sold to a private investor a residential and retail property.
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April 12, 2013 - OECD endorses Guernsey’s tax standards
Outlet: Released
The OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has endorsed the standards adopted by Guernsey.
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April 12, 2013 - Deloitte Real Estate reports United Kingdom top city
Outlet: Midlands Business News
Investors in the commercial office market are increasingly being drawn towards the U.K. regions, according to a new report by Deloitte Real Estate.
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April 12, 2013 - Henderson launches global property fund
Outlet: Yahoo! Finance Singapore
Henderson Global Investors has launched the Henderson Global Property Income Fund to help investors tap on opportunities in the global property market.
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April 11, 2013 - SEGRO acquires Zeran Park II for €43.2 million
Outlet: RTTNews.com
SEGRO has acquired Zeran Park II in Warsaw for €43.2 million from AREA Property Partners and Apollo-Rida Poland.
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April 11, 2013 - BNP PRE appoints national head of debt advisory
Outlet: Property Mall
BNP Paribas Real Estate has appointed Patrick Pryce as the national head of debt advisory, based within its Birmingham office.
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April 11, 2013 - LaSalle Investment Management gets head of research and strategy for Europe
Outlet: Released
LaSalle Investment Management has named Mahdi Mokrane as head of research and strategy, Europe.
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April 11, 2013 - Tristan fund acquires Berlin offices
Outlet: Released
Tristan Capital Partners' Episo 3 fund has bought two office buildings in Berlin for an undisclosed amount.
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April 10, 2013 - MGPA holds €135 million second close
Outlet: Released
MGPA has held a second close for its Asia real estate fund for German institutional investors.
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April 10, 2013 - AEW research chief joins LaSalle
Outlet: PropertyEU - Online
Mahdi Mokrane, former head of research at AEW Europe, has joined LaSalle Investment Management.
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April 10, 2013 - PRUPIM to be renamed M&G Real Estate
Outlet: Released
European investment manager M&G Investments has renamed its PRUPIM property business to M&G Real Estate. The name change is effective from the end of June.
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April 10, 2013 - Dublin apartment development enters the sales market with €70 million price tag
Outlet: Irish Times - Online, The
A new development of 420 apartments in Dublin goes for sale as a single investment with a guide price of €70 million. It is the largest ever sale of its kind in the city.
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April 9, 2013 - Hines to co-develop office scheme in Manchester
Outlet: PropertyEU - Online
Hines has signed a joint venture agreement to fund and develop a office scheme in the United Kindowm city of Manchester.
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April 9, 2013 - Qatar set to pay $2 billion for landmark Paris retailer
Outlet: ArabianBusiness.com
Divine Investments, owned by Qatar, plans to pay $2.09 billion for the landmark Paris department store Printemps and its nationwide chain of stores.
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April 9, 2013 - Surge in real estate securities funds reflects growing appetite for listed property exposure
Outlet: Released
Demand for real estate securities has surged since the global financial crisis as a property allocation gained through the listed sector plus the attractive income returns appeal to a broader range of investors, according to the European Public Real
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April 9, 2013 - Delin purchases fourth asset for fund
Outlet: Released
Delin Capital Asset Management has continued its active acquisition programme with the purchase of its fourth asset, for its €400 million Capital Preservation Portfolio I.
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April 9, 2013 - European fund Alecta plans three residential high-rises on Seattle's First Hill
Outlet: Puget Sound Business Journal - Online
European pension fund Alecta plans to develop three skyline-changing high rises on Seattle’s First Hill.
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April 8, 2013 - Patrizia scoops up more German property in $3.3 billion deal
Outlet: GlobalPost.com
A consortium led by German real estate firm Patrizia won the bidding for GBW in Germany's largest residential property deal and the group's second major purchase from a bailed-out public sector bank within two years.
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April 8, 2013 - Bouwfonds REIM launches European student housing fund
Outlet: Europe Real Estate
Bouwfonds REIM, part of the Dutch Rabo Real Estate Group, is to launch a Europe-wide fund investing in student housing.
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April 5, 2013 - KWAP purchases trophy office building for £215 million
Outlet: CoStar UK News
Malaysian pension fund Kumpulan Wang Persaraan (KWAP), has purchased the City of London trophy office building, 88 Wood Street, EC2, from National Pension Service of Korea for £215 million.
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April 5, 2013 - Blackrock in talks to buy MGPA
Outlet: PropertyEU - Online
Blackrock is the final party in talks to acquire MGPA, which is 56 percent owned by Australian investment bank Macquarie, and 44 percent owned by the company’s management.
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April 5, 2013 - Oxford Properties eyes second London asset for £230 million
Outlet: CoStar UK News
Oxford Properties, the Canadian developer and investor, is under offer to buy the London Stock Exchange’s City of London home at 10 Paternoster Square from Mitsubishi Estate Company for £230 million.
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April 4, 2013 - British investors plan to spend $11 billion on rental homes in the U.K.
Outlet: Yahoo! Finance UK
Insurers and pension funds are poised to spend 7 billion pounds ($11 billion) on rental homes in Britain in a bet that a shortage of housing and mortgages produces a generation of renters rather than owners.
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April 4, 2013 - Henderson plans to double its assets in France
Outlet: PropertyEU - Online
Henderson Global Investors plans to increase its assets under management in France to over €2 billion in the next three years.
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April 4, 2013 - Starwood Capital hires Zsolt Kohalmi to oversee European acquisition efforts
Outlet: PR Newswire - Online
Starwood Capital has hired Zsolt Kohalmi, formerly Chief Investment Officer at Meyer Bergman, to head up its European acquisition efforts. Zsolt will be tasked with significantly growing Starwood's European private equity portfolio across Europe.
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April 4, 2013 - Waddington joins BNP Paribas from CBRE
Outlet: South West Business Insider - Online
BNP Paribas Real Estate has hired Nick Waddington as national head of industrial agency.
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April 4, 2013 - Tristan Fund acquires French logistics warehouses for €56 million
Outlet: Released
CCP III, the core plus fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired two prime logistics warehouses in southern France from Groupe Carnivor for a total of €56 million.
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April 4, 2013 - Henderson acquires retail warehouse in Mistelbach, Austria
Outlet: Released
Henderson Global Investors, on behalf of its German business Warburg - Henderson KAG, has acquired a retail warehouse in Austria. The purchase price was not disclosed.
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April 3, 2013 - SEB raises $385 million from sale of three Berlin properties
Outlet: Bloomberg News - Online
SEB Asset Management AG has raised about €300 million ($385 million) selling a hotel in the Potsdamer Platz complex and two other buildings in Berlin for its ImmoInvest fund, which is due to be dissolved in 2017.
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April 3, 2013 - Redefine International makes part disposal of Cromwell Securities generating significant net profit
Outlet: Released
Redefine International has disposed of 84.5 million securities in its associate company the Cromwell Property Group, held through its 100 percent held subsidiary, Redefine Australian Investments.
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April 3, 2013 - Internos advises Quintain on the sale of 50 percent stake in Hilton Wembley Hotel
Outlet: Released
Internos Global Investors announces has advised Quintain Estates & Development on the £30.1 million sale of a 50 percent interest in the 361-room Hilton Wembley Hotel in London to a fund managed by Oaktree Capital Management.
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April 3, 2013 - Opportunity knocks for central London occupiers
Occupiers in Central London’s office market seeking more value-for-money are driving leasing activity as the balance of power remains in their favor, according to research published today by global property consultants Cushman & Wakefield.
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April 3, 2013 - Morgan Stanley Real Estate Investing forms venture with Paris Inn Group
Outlet: PropertyEU - Online
Morgan Stanley Real Estate Investing has formed a joint venture with hotel investor and manager Paris Inn Group to invest in the Paris hotel sector. The two partners have made their first joint acquisition with the purchase of a portfolio of four hotels.
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April 3, 2013 - CBRE appoint a new Irish manager
Outlet: Business World
Global real estate advisor CBRE has named Enda Luddy managing director (MD) for Ireland while the current MD, Guy Hollis, is to assume broader role within CBRE EMEA.
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April 3, 2013 - Primark Distribution Unit sold for £60.5 million
Outlet: Logistics Handling
LondonMetric Property, the U.K. REIT recently created through the merger of London & Stamford Property and Metric Property Investments has acquired Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for £60.5 million.
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April 3, 2013 - InfraRed buys Clayton Square Shopping Center
Outlet: Place North West
Clayton Square Shopping Centre in Liverpool has been sold by Land Securities to InfraRed Capital Partners.
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April 2, 2013 - Prupim buys $158 million private rented U.K. homes from Berkeley
Outlet: Bloomberg News - Online
Prupim, the real estate unit of M&G Investments, has agreed to buy a portfolio of rental homes in London and southeast England for £105.4 million ($158 million) from Berkeley Group Holdings.
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April 2, 2013 - Ground Rents Income Fund aims to raise £50 million
Outlet: Property Week - Online
The listed investment trust, Ground Rents Income Fund, seeks to raise further capital of up to £50 million.
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April 2, 2013 - Blackstone set to acquire international commercial property firm
Outlet: HousingWire
The Blackstone Group's real estate unit may gain control of Multi Corp., a European shopping-mall developer, after acquiring almost half of the company's corporate debt. Gaining control of Multi would give Blackstone a pan-European retail business.
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April 2, 2013 - GRESB launches 2013 survey on sustainability performance in real estate sector
Outlet: Released
The Global Real Estate Sustainability Benchmark (GRESB), which measures the sustainability performance of the global real estate investment industry, has announced that its 2013 Survey is open for responses.
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April 2, 2013 - Invesco closes second hotel fund with €200 million
Outlet: Released
Invesco Real Estate has held a final close for its INVESCO European Hotel Real Estate Fund II with €200 million in equity.
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April 2, 2013 - Pricoa Mortgage Capital closes first commercial real estate loan in the Netherlands
Outlet: Released
Pricoa Mortgage Capital has provided €55.5 million of a total €70.5 million financing package in the Netherlands, its third commercial real estate loan since launching its European business in 2012 and its first in continental Europe.
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April 2, 2013 - Alvarez & Marsal hires managing director
Outlet: Released
Alvarez & Marsal Taxand U.K. has appointed a new managing director in London specialising in real estate, Charles Beer.
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April 2, 2013 - AXA Real Estate’s Tokyo Office Property Fund agrees first acquisitions totalling ¥10 billion
Outlet: Released
AXA Real Estate Investment Managers has announced that the Tokyo Office Property Fund has completed the its first acquisition, Shinjuku Sanchome located in the Shinjuku ward of central Tokyo.
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April 2, 2013 - McFarlane marks industry return with debut retail fund
Outlet: FTadviser.com
Dundas Global Investors has launched Heriot Global Equity fund, which will invest in the U.K. retail market.
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April 1, 2013 - Prudential to enter rented housing market
Outlet: Selftrade.co.uk
Insurer Prudential is set to become the first institutional investor to enter Britain's rented housing market.
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March 29, 2013 - Orco posts losses, revenue in property portfolio
Outlet: Business Recorder
Czech property Developer Orco Property Group said it narrowed its net loss to €40 million ($51.4 million) in 2012, boosting revenues by more than €100 million by selling part of its portfolio.
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March 29, 2013 - 2 London Bridge enters sales market
Outlet: Released
Jones Lang LaSalle and Knight Frank have been jointly instructed by a private client to sell the freehold interest in 2 London Bridge.
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March 28, 2013 - Landmark hotel sold in £300 million
Outlet: Express and Star - Online
InterContinental Hotels has sold Park Lane hotel in London to Constellation Hotels for £301.5 million.
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March 28, 2013 - Hines Global REIT acquires office complex in Poland
Outlet: Released
Hines has acquired the 481,070-square-foot New City office complex in Warsaw, Poland, from Europejskie Centrum Inwestycyjne.
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March 28, 2013 - Carlyle Group buys site for 19-storey student block
Outlet: Construction Enquirer
Carlyle Group plans to start work next month on a 19-storey tower block in East London. The firm purchased an existing site at 60 Commercial Rd. on the city fringes for its Pure Student Living brand.
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March 28, 2013 - Henderson U.K. Retail Warehouse fund acquires Kidderminster Matalan unit in exchange for new equity
Outlet: Released
Henderson Global Investors’ £12.5 billion Property Business has acquired a retail unit in Kidderminster for £4.36 million which equates to a net initial yield of 7.1 percent.
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March 28, 2013 - Union Investment takes profits on sale of Trianon office property in Prague
Outlet: Released
Union Investment has sold the Trianon office property in Prague, held by its open-ended real estate fund UniImmo: Europa, for around €53.8 million.
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March 28, 2013 - The Carlyle Group expands student housing portfolio through £17 million purchase
Outlet: Released
A joint venture between Generation Estates and The Carlyle Group, has grown its student accommodation portfolio through the acquisition of 60 Commercial Road and two nearby properties in Whitechapel, London, for a total of £17 million.
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March 27, 2013 - LondonMetric acquires Primark Distribution Unit in Thrapston
Outlet: Released
LondonMetric Property has purchased the Primark Distribution Unit, Thrapston from Moorfield Real Estate Fund II for
£60.5 million.
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March 27, 2013 - Belgium's Louvimmo assets sold for €34.4 million
Outlet: Released
Immobel SA and AG Real Estate Asset Management have sold to Home Invest the “Louvimmo” properties in the center of the Belgian university city Louvain-la-Neuve for €34.4 million.
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March 27, 2013 - Wainbridge launches £15 million refurbishment
Outlet: Britishbuilder.co.uk - Online
Wainbridge Limited, a UK-based property company, announced that it is to undertake the first phase of a major £15 million refurbishment of landmark West End office building 1 Trafalgar Square.
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March 26, 2013 - AIG and Goldman Sachs head five-lender Gagfah €2 billion refinancing
Outlet: CoStar UK News
AIG and Goldman Sachs head a five-strong club of lenders alongside three German pfandbrief banks to refinance more than €1 billion of Gagfah’s maturing €2.06 billion securitised debt.
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March 26, 2013 - Brookfield gives Bruce Gillingham Pollard London retail mandate
Outlet: CoStar UK News
Brookfield Office Properties has appointed Bruce Gillingham Pollard to provide retail consultancy advice across its 2.74 million-square-foot office led London portfolio.
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March 26, 2013 - Pramerica Real Estate Investors launches publicly-traded Fibra in Mexico
Outlet: Released
Pramerica Real Estate Investors-sponsored Terrafina has raised MXP8.3 billion ($665 million) in its initial public offering, the companies announced today. Terrafina is a Mexican real estate investment trust known as a fideicomiso de bienes raices, or Fibra.
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March 26, 2013 - LaSalle acquires Cologne commercial property
Outlet: Released
LaSalle Investment Management Kapitalanlagegesellschaft mbH has acquired a commercial property on the Neumarkt in Cologne on behalf of a specialist investment fund managed by LaSalle KAG.
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March 26, 2013 - LaSalle’s Euro Growth II Fund sells Swedish office
Outlet: Released
LaSalle Investment Management has sold a high quality office building in the Swedish IT center of Kista to Nordika Fastigheter AB on behalf of its LaSalle Euro Growth II Fund.
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March 26, 2013 - iii-investments acquires 'Belview Offices' project in Brussels for pension scheme institutional fund
Outlet: Released
iii-investments has acquired the 'Belview Offices' project development in Brussels for a profession-linked pension scheme institutional fund that invests in real estate.
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March 26, 2013 - Wells Fargo and LaSalle provide £67 million to Blackstone for U.K. properties
Outlet: Released
Wells Fargo & Co. has provided £54.3 million ($85 million) in financing to Blackstone for the acquisition of seven distribution warehouses in core markets.
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March 26, 2013 - CCP III acquires Swan Center in Eastleigh
Outlet: Released
CCP III, a fund advised by pan-European real estate investment manager Tristan Capital Partners, has acquired the Swan Center in Eastleigh, Hampshire, from PRUPIM.
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March 26, 2013 - CalPERS announces first partnership under multi-asset class partners program
Outlet: Released
The California Public Employees’ Retirement System (CalPERS) is investing $500 million with Edinburgh, Scotland-based Standard Life Investments as part of its multi-asset class partners program.
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March 21, 2013 - iii-investments launches its second real estate debt fund
Outlet: Released
iii-investments is introducing its second real estate debt fund in accordance with the German Investment Act.
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March 21, 2013 - Henderson hires Swedish asset manager
Outlet: PropertyEU - Online
Henderson Global Investors' property business has hired Anna Sjöberg to strengthen its Swedish team.
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March 21, 2013 - PATRIZIA continues to grow and boost its earnings power
Outlet: Released
PATRIZIA Immobilien AG continued to develop into Europe’s leading, fully integrated real estate investment house. Alongside its strategic advancements, it made operational progress in particular.
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March 21, 2013 - Land Securities opens Trinity Leeds
Outlet: Released
Land Securities has opened Trinity Leeds, the 1 million-square-foot shopping center in Leeds' city center.The £378 million center is 90 percent let.
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March 21, 2013 - Union Investment acquires development project for Holiday Inn hotel in Frankfurt
Outlet: Released
Union Investment has acquired the development project for a new Holiday Inn hotel at 27-31 Mainzer Landstraße, located directly on Francois-Mitterand-Platz in Frankfurt, for its open-ended real estate fund UniImmo: Deutschland.
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March 21, 2013 - Cordea Savills acquires three assets for its European Retail Fund
Outlet: Released
The Cordea Savills European Retail Fund, which launched in late 2012, has acquired its first three assets in Paris, Glasgow and Berlin for €50 million.
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March 21, 2013 - Glasgow shopping center on market for £180 million
Outlet: Property Week - Online
Ivanhoe Cambridge is preparing to put its St Enoch shopping center in Glasgow city center up for sale with a price tag of around £180 million.
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March 20, 2013 - U.K. Chancellor seeks to breathe life into housing market, construction
Outlet: Fox Business Network - Online
U.K. Chancellor of the Exchequer George Osborne on Wednesday announced additional measures to boost house building and mortgage lending, underlining the importance of the construction sector and housing market to the sustainable health of the U.K. ec
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March 20, 2013 - Legal & General buys stake in Cala Group
Outlet: Yahoo! News
Insurer Legal & General has bought a 46.5 percent stake in Cala Group from Lloyds Banking Group in a deal that values the British housebuilder at £210 million ($317 million).
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March 20, 2013 - CBRE acquires IMPACT-CORTI
Outlet: Zacks.com
In order to enhance service offering in Europe, Middle East and Africa region, CBRE Group has acquired a Prague-based full-service real estate provider firm – IMPACT-CORTI.
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March 20, 2013 - St. Modwen appointed to deliver first phase of £450 million campus
Outlet: Released
St. Modwen Properties and Swansea University have signed the Development Agreement to deliver the first phase of the £450 million new science and innovation campus.
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March 20, 2013 - M&G investments provides £32 million for student accommodation at Swansea University
Outlet: Released
M&G Investments has struck a deal with Swansea University and its development partner, St. Modwen Properties, to finance the construction of new student accommodation.
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March 20, 2013 - Grosvenor appoints James Raynor as chief executive of GFM
Outlet: Released
Grosvenor has appointed James Raynor as Chief Executive of Grosvenor Fund Management (GFM) to succeed Jeffrey Weingarten.
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March 20, 2013 - Skanska/Costain JV signs a €232 million contract for Crossrail Bond Street station in London
Outlet: CIJJournal.com
Swedish Skanska UK has won a five-year contract to participate in the construction of the new Crossrail Bond Street Station in London in a joint venture with the British builder Costain.
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March 19, 2013 - Neinver opens second outlet centre in Warsaw
Outlet: PropertyEU - Online
Last week Factory Warsaw Annopol held its grand opening. It is the fifth outlet to be opened by Spanish group Neinver in Poland, and its second in Warsaw. Neinver has invested $45.2 million (€35 million) in this project.
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March 19, 2013 - Lloyds sells Scottish house builder Cala Group for £210 million
Outlet: This Is Money
Scottish housebuilder Cala Group has been sold by Lloyds in a £210 million deal.
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March 19, 2013 - Union Investment acquires AkzoNobel headquarters development project in Amsterdam
Outlet: Released
Union Investment Real Estate GmbH has acquired development project comprising AkzoNobel's new headquarters. The parties agreed not to disclose further financial details.
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March 19, 2013 - LGP acquires Ptarmigan porfolio
Outlet: Released
Legal & General Property (LGP), on behalf of its U.K. Property Unit Trust, that it has purchased the Ptarmigan portfolio of four distribution warehouse investments from Henderson U.K. Property Trust for £41.17 million,
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March 19, 2013 - Harbert announces sale of Chiswick Tower to Hermes Real Estate
Outlet: Released
Harbert Management Corp. has sold Chiswick Tower to Hermes Real Estate for £56.5 million.
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March 19, 2013 - New owner of White Square office center announced
Outlet: Released
A consortium between leading developer AIG/Lincoln and TPG Holdings and the investment company O1 Properties have announced the completion of an investment transaction involving White Square, a class A office centre in Moscow.
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March 19, 2013 - Laurent Luccioni joins PIMCO
Outlet: Reuters
PIMCO has hired Laurent Luccioni as an executive vice president and head of commercial real estate portfolio management of Europe. He will be based in the firm's London office.
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March 19, 2013 - Prologis and NBIM close €2.4 billion European JV
Outlet: Released
Prologis has announced the closing of Prologis European Logistics Partners Sarl, a €2.4 billion ($3.1 billion) joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global.
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March 18, 2013 - London's One Cornwall Terrace sells for record $120 million
Outlet: Daily Telegraph (Australia) - Online
London's One Cornwall Terrace has sold to British property tycoon Marcus Cooper for $120 million.
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March 18, 2013 - Pramerica Real Estate Investors offers U.S. core real estate strategy to non-U.S. investors
Outlet: Released
To meet increasing demand from non-U.S. investors for core real estate investments in the United States, Pramerica Real Estate Investors has begun offering its core open-ended equity commingled real estate strategy to non-U.S. investors.
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March 18, 2013 - The InterTech Group completes €14.5 acquisition
Outlet: Released
An affiliate of The InterTech Group, Inc. a U.S. company based in North Charleston, South Carolina advised by international real estate advisor Savills, has completed the acquisition of the SAP offices.
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March 18, 2013 - SNP appoints Almazara | Real Assets Advisory
Outlet: Released
Stichting Nedlloyd Pensioenfonds (SNP), the pension fund for employees of a number of Dutch Maersk companies, has appointed Almazara | Real Assets Advisory as its advisor for portfolio management of its non-listed real estate investments.
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March 18, 2013 - Overseas buyers returning to top end of French property market after tax uncertainty
Outlet: Property Wire
Uncertainty over potential tax changes in the second half of 2012 led to a fall in demand for prime property in France but now buyers are cautiously returning.
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March 18, 2013 - U.K. property industry wants Chancellor to boost property construction
Outlet: Property Wire
The British Chancellor of the exchequer, George Osborne, is being urged by the property industry to increase the building of new homes and take positive moves to boost the real estate markets when he issues his new Budget this week.
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March 18, 2013 - Cornerstone plans $303 million U.K. real estate investment
Outlet: Bloomberg News - Online
Cornerstone Real Estate Advisers plans to spend as much as £200 million pounds buying U.K. warehouses and office buildings over the coming two years.
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March 15, 2013 - LGP launches second U.K. property income fund with £1 billion target goal
Outlet: Released
Legal & General Property (LGP) has begun initial marketing of the second U.K. Property Income, UKPIF II, with a fundraising goal of £1 billion.
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March 15, 2013 - JLL to sell 5-star Croatian hotel resort
Outlet: PropertyEU - Online
Hypo Alpe-Adria-Bank International has appointed Jones Lang LaSalle to sell two companies that own the five-star Le Méridien Lav Hotel and the adjoining resort and marina in Croatia.
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March 14, 2013 - Grosvenor House sells for $733 million
Outlet: HotelNewsNow.com
The £470 million ($733 million) deal for London’s iconic 494-room Grosvenor House, a JW Marriott Hotel, sets the bar for European hotel transactions, according to CB Richard Ellis Hotels.
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March 14, 2013 - Crosslane signs with Bauer for first student housing JV
Outlet: Released
U.K. developer Crosslane and property company Bauer Capital have agreed a joint venture to work together on student housing projects and portfolios in Germany.
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March 14, 2013 - Cushman & Wakefield finalizes the sale of the ‘Belview’ office project
Outlet: Released
Cushman & Wakefield finalized the sale of the ‘Belview’ office project in the Leopold district. This is the first forward commitment on the Brussels office market since the start of the crisis.
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March 14, 2013 - DTZ appoints Paul Boursican as head of international investment EMEA
Outlet: Released
DTZ has announced the appointment of Paul Boursican as head of international investment, EMEA. Boursican will be based in London.
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March 14, 2013 - Invesco Real Estate buys Prague office property
Outlet: Released
Invesco Real Estate has acquired the office property Stara Celnice in Prague 1 for circa €38 million on behalf of the iii-BVK Europa-Immobilien-Spezialfondsan, institutional real estate fund of Bayerische Versorgungskammer.
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March 13, 2013 - Helical Bar and Aviva receive planning consent for residential-led mixed use scheme
Outlet: Released
Helical Bar plc and Aviva Investors have received planning permission for their Brickfields development, a 1.55 million-square-foot residential-led mixed use scheme on the former Dairy Crest site at White City, London W12.
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March 13, 2013 - Growth in new capital continues despite challenging fund raising environment
Outlet: Released
DTZ, a UGL company, released a preview of its forthcoming Great Wall of Money report, estimating there to be $320 billion of new capital available for investment in 2013, a 3 percent increase on the $311 billion reported six months ago.
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March 13, 2013 - DTZ estimates €21 billion of commercial real estate assets will come to the market by 2017
Outlet: Released
DTZ, a UGL company, has published an updated report revealing the impact of the current liquidation of GOE Funds and the subsequent impact on capital values of commercial property in the affected regions.
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March 13, 2013 - BPT Baltic Opportunity Fund acquires Coca-Cola Plaza
Outlet: Released
BPT Baltic Opportunity Fund, the most recently launched real estate fund from BPT, has acquired its third asset, the Coca-Cola Plaza in the central business district of Tallinn, Estonia.
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March 12, 2013 - CRC purchases Danish store
Outlet: Bangkok Post
Central Retail Corporation (CRC), the country's largest retail chain, is spreading its presence in Europe by acquiring Illum, a 122-year-old department store in Denmark.
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March 12, 2013 - CBRE Global reorganizes its separate accounts business line
Outlet: Released
CBRE Global Investors has reorganized its separate accounts business line to meet client demand for cross-border investment.
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March 12, 2013 - CBRE Global acquires German shopping center in JV with TRS
Outlet: Released
A fund managed by CBRE Global Investors and the Teacher Retirement System of Texas (TRS) have acquired Leine Centre, Laatzen a leading shopping center in Germany for €117 million.
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March 12, 2013 - AXA Real Estate acquires Ropemaker Place for £472 million
Outlet: Released
AXA Real Estate Investment Managers has purchased Ropemaker Place a prime office building in the City of London for £472million from The British Land Co.
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March 12, 2013 - Amundi and BayernLB announce first German acquisitions
Outlet: Released
Amundi Real Estate has acquired its first buildings in Germany in a transaction financed by BayernLB.
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March 12, 2013 - Henderson acquires retail warehouse, sells assets and targets U.S. student housing
Outlet: Released
Henderson Global Investors, on behalf of its German Retail Income Fund, has acquired a retail warehouse in Norden, East Frisia in Germany for €23 million.
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March 12, 2013 - MIPIM launches Cushman & Wakefield's European Real Estate Lending Survey 2013
Outlet: Released
Number of active European lenders increases by 29 percent over the past year, according to Cushman & Wakefield's European Real Estate Lending Survey 2013.
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March 12, 2013 - Henderson hires asset manager in Sweden to aid in Nordic business growth
Outlet: Released
Henderson Global Investor’s £12.5 billion property business has hired Anna Sjöberg to strengthen its Swedish team.
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March 12, 2013 - LaSalle sells Hannover shopping center for €117 million
Outlet: Released
On behalf of its European property fund the LaSalle Euro Growth II SCA LaSalle Investment Management, in collaboration with ADLER Immobilien Investment Gruppe, Fay Projects GmbH and THI Holding GmbH & Co. KG, has sold the Leine-Center.
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March 12, 2013 - Investors take £350 million UCIS operators to court
Outlet: Bridging & Commercial - Online
In light of a growing number of rules and regulations regarding advertising for and the operation of UCIS funds, a particular case was brought to B&C’s attention concerning a commercial property investment fund.
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March 12, 2013 - British Land to raise $745 million for new investments
Outlet: Selftrade.co.uk
Landlord British Land said it intends to raise £500 million pounds from shareholders to fund new investment opportunities and sold off an office block in London's City financial district for £472 million.
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March 12, 2013 - General Electric sells $1.5 billion Australian office portfolio
Outlet: Age, The
General Electric has sold its $1.5 billion Australian office portfolio to The Blackstone Group.
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March 12, 2013 - Euro fund sells luxury Brussels property for S$89 million
Outlet: Yahoo! News
Eurozone Equity, an actively managed equity fund with the help of Savills sold the property, known as Louise Village to local private investors.
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March 11, 2013 - Retirement housebuilder faces U.S. bid
Outlet: Daily Telegraph, The
The Blackstone Group is considering a £500 million bid for McCarthy & Stone, the United Kingdom's largest retirement homes builder.
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March 11, 2013 - Private equity firms eye Commerzbank's £5 billion U.K. property business
Outlet: Thomson Reuters - UK - Online
Private equity firms are looking to buy the U.K. property business of Germany's second-biggest lender, Commerzbank AG, in a potential £5 billion according to the Financial Times.
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March 11, 2013 - Cordea Savills makes two appointments to Nordic team
Outlet: Released
Cordea Savills has made two appointments to its Nordic investment team based in Stockholm. Hélène Henning has been appointed as an asset manager and Sofia Sandh has been appointed as an analyst.
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March 11, 2013 - Dominik Moll appointed head of asset management Germany at Union
Outlet: Released
Dominik Moll will lead the real estate asset management in Germany at Union Investment Real Estate GmbH, Hamburg. His responsibilities are the firm's German property portfolio in the office, commercial premises and logistics segments, which is currently worth in excess of
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March 11, 2013 - Union Investment acquires Marine Offices in Amsterdam for institutional fund
Outlet: Released
Union Investment has acquired the Marina Offices property in Amsterdam for one of its institutional real estate funds.
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March 11, 2013 - Karolinska Development and Rosetta Capital close SEK 220 million strategic transaction
Outlet: Released
Karolinska Development AB and the life science investor Rosetta Capital have announced that Rosetta Capital IV has acquired a minority share in Karolinska Development’s holdings in 13 of its 25 portfolio companies for SEK 220 million.
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March 11, 2013 - Irish investment market set to reach €1 billion in 2013
Outlet: Released
In its latest Irish investment market report, international real estate advisor Savills states that there is already €240 million of commercial property in legals or with sales agreed this year, which compares to just €50 million during the same period in 2012.
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March 11, 2013 - European commercial property at best value for 10 years
Outlet: Released
European commercial property pricing has reached its most attractive level in almost 10 years, according to research from DTZ, a UGL company.
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March 11, 2013 - Jones Lang LaSalle and Ernst & Young release guide for foreign investors on the French real estate investment market
Outlet: Released
Ernst & Young and Jones Lang LaSalle has released the first reference guide designed for foreign real estate investors who are new to the French market.
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March 11, 2013 - Singapore's GIC buys 50 percent stake in Turkish mall
Outlet: Property Week - Online
GIC Real Estate has bought a 50 percent stake in the Optimum Ankara Shopping Center, in Turkey, for $82.5 million.
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March 8, 2013 - Norway's sovereign wealth fund records its second-best performance in 2012
Outlet: Yahoo! Finance Australia
Norway's Government Pension Fund, the world's largest sovereign wealth fund, announced it posted a return of 13.4 percent in 2012, its second best performance ever, as global equity markets rebounded. Assets of the main investment vehicle for Norway'
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March 8, 2013 - Henderson and Centurion launch $373 million fund
Outlet: Bloomberg Businessweek
Henderson Global Investors and Centurion Properties have launched a fund to invest £250 million ($373 million) in U.K. warehouses. The venture between the unit of Henderson Group Plc and Centurion plans to buy groups of industrial buildings outside London.
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March 7, 2013 - Eurozone Equity sells mixed-use property for $71.6 million in Brussels
Outlet: PropertyEU - Online
Eurozone Equity has sold the mixed-use asset Louise Village in Brussels to local private investors for €55 million ($71.6 million). The property includes retail and residential space, as well as 204 parking spaces and archive space.
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March 7, 2013 - Kronberg International purchases majority holding in three real-estate portfolios in Germany
Kronberg International S. A., Luxembourg, has purchased 52.8 percent of the shares in S.I.G. RE B.V., Amsterdam, which owns three residential and commercial portfolios in Germany.
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March 7, 2013 - Indirex announces primary capital raises in February
Outlet: Released
Capital commitments worth $2.5 billion were announced by real estate funds during February. Diversified funds were prevalent with an increased focus on opportunity funds.
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March 7, 2013 - HSH Nordbank to finance shopping centre at Hamburg-Altona station
Outlet: Released
HSH Nordbank is providing the Irish investors CMC Capital with the portfolio finance for the shopping centre at the Altona railway station in Hamburg.
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March 7, 2013 - Cornerstone secures €240 million refinancing
Outlet: Released
Cornerstone Real Estate Advisers has successfully secured a €240 million refinancing loan from Nykredit for its Kamppi shopping center.
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March 7, 2013 - ING IM says listed real estate will underperform equities
Outlet: Released
ING Investment Management says real estate is likely to underperform equity markets in the current environment of rising long-term rates. However, it says this doesn’t necessarily make the asset class unattractive and it remains overweight in it.
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March 7, 2013 - Private real estate investors show increased appetite for risk
Outlet: Released
Recent months have seen renewed investor interest in higher risk-return strategies, such as value added private real estate funds and a decline in the proportion of institutions targeting lower risk investments such as core.
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March 7, 2013 - CapMan establishes a Nordic private equity real estate fund
Outlet: Released
CapMan Plc has established its fourth private equity real estate fund in the Nordic countries. The investment capacity of CapMan Nordic Real Estate is approximately €125 million after the first closing that was held on 6 March 2013.
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March 7, 2013 - Hotel deals set for significant pick-up in 2013
Outlet: Yahoo! News
More hotels are expected to change hands this year, with transaction volumes returning to pre-crisis levels thanks to easier financing and wealthy Gulf buyers on the hunt for trophy assets in key locations in London or Paris. Total European hotel tra
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March 7, 2013 - CBREGI names CEE transactions chief
Outlet: PropertyEU - Online
CBRE Global Investors has promoted Grzegorz Ryszka to head of transactions for Central and Eastern Europe.
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March 6, 2013 - Norwegian fund buys stake in U.S. office properties
Outlet: Institutional Investor - Online
Norway's $662 billion Government Pension Fund Global has bought a 50 percent stake in five U.S. office buildings owned by New York–based financial services provider TIAA-CREF.
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March 6, 2013 - Hines acquires One Westferry Circus in London
Outlet: Released
Hines Global REIT has acquired One Westferry Circus from TIAA-CREF. The nine-story office building is situated on the western edge of Canary Wharf along the River Thames in Central London.
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March 6, 2013 - CBRE appoints Steve Williamson as head of U.K. EMEA origination
Outlet: Released
Steve Williamson has been appointed as Head of Debt Origination UK & EMEA in CBRE’s Real Estate Finance division.
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March 6, 2013 - Amundi Real Estate announces the successful closing of a fund dedicated to French Cash & Carry properties
Outlet: Released
Amundi Real Estate announces it has successfully placed an OPCI, consisting of a number of METRO Cash &Carry properties in France, with institutional investors. The placing was closed in December 2012.
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March 6, 2013 - PATRIZIA significantly expands its business in the Nordic countries
Outlet: Released
PATRIZIA Immobilien AG significantly expanded its business in the Nordic countries last year.
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March 6, 2013 - JLL appoints new head of Romanian operations
Outlet: Limun.hr
Jones Lang LaSalle (JLL) has appointed Gijs Klomp as the new managing director of its business in Romania.
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March 6, 2013 - Barclays hires Jones Lang LaSalle & CBRE in global agent shake-up
Outlet: CoStar UK News
CBRE has won the mandate to advise Barclays in the United Kingdom and Europe as part of a contract which covers 27 countries.
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March 5, 2013 - Aviva Investors announce hire of real estate fund manager
Outlet: Here is the city
Aviva Investors has appointed James Tarry as fund manager for real estate debt in its real estate team.
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March 5, 2013 - Oriana's Oxford Street plans approved
Outlet: Released
Oriana, the joint venture between Land Securities and Frogmore, has announced that its plans to redevelop and transform 26-48 Oxford Street, W1 have been approved by Westminster Council on 5 March subject to the signing of S106.
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March 5, 2013 - French civil servants pension fund awards SRI real estate mandates
Outlet: IP Real Estate
ERAFP, the French civil servants pension fund, has awarded one active and two standby real estate investment mandates in France.
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March 5, 2013 - ERAFP hires AEW Europe for €310 million real estate mandate
Outlet: Released
French pension fund ERAFP has awarded a real estate investment mandate to AEW Europe to invest in property in France.
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March 5, 2013 - Allianz Real Estate brings property loan platform to Italy
Outlet: PropertyEU - Online
Allianz is poised to begin providing property loans in Italy.
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March 5, 2013 - LGP issues £300 million senior debt financing mandate
Outlet: CoStar UK News
Legal & General Property (LGP) is looking to raise £300 million in senior debt from two lenders to finance the leveraged component for the U.K. property fund manager's successor U.K. Property Income Fund.
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March 5, 2013 - Amundi Immobilier completes €690 million of property transactions in 2012
Outlet: Released
In 2012, Amundi Immobilier made acquisitions amounting to €609 million, consisting of 31 buildings in France, one in Italy, two in Germany, one in the United Kingdom, and one in Morocco.
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March 4, 2013 - Repsol sells 5 percent of its equity to Singapore sovereign fund
Outlet: Reuters
Spanish oil group Repsol has sold a 5 percent stake to Singapore's government fund, Temasek, for $1.35 billion.
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March 4, 2013 - IVG purchases additional core property for Warsaw Fund
Outlet: Released
IVG has acquired its fifth property within 18 months for the IVG Warsaw Fund: the office and retail property “Le Palais”.
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March 4, 2013 - Global Trade Centre sells Warsaw office portfolio for €33.9 million
Outlet: Warsaw Business Journal - Online
Warsaw Stock Exchange-listed developer Globe Trade Centre (GTC), has sold its Platinium Business Park V building in Warsaw for €33.9 million ($44.1 million) to Calobra Investments from the Allianz Real Estate group.
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March 3, 2013 - Steinmetz launches $2 billion European real estate venture
Outlet: Press Release (pr) Distribution Service By India Prwire
Beny Steinmetz has launched a $2 billion venture, Invel Real Estate, to acquire distressed European properties through a subsidiary of his private company, BSG.
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March 3, 2013 - Mayer Brown, SJB seal £152 million Chinese purchase of City site
Outlet: thelawyer.com
Mayer Brown and SJ Berwin have advised on a Chinese real estate developer's £152 million acquisition of Stephenson Harwood's offices from Invesco Real Estate.
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March 1, 2013 - JLL appointed to sell Manchester residential scheme
Outlet: Property Week - Online
Jones Lang LaSalle's residential investment team has been instructed to sell the Skyline Central 2 development.
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March 1, 2013 - Richard Plummer becomes non-executive chairman of Rockspring
Outlet: Released
Rockspring Property Investment Managers announces that Richard Plummer, chairman and founder, will relinquish his broader executive responsibilities to concentrate on certain funds, client accounts and projects in his new role as non-executive chairman.
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February 28, 2013 - Savills expands in Asia with new Philippines associate
Outlet: Released
Savills has expanded its global network by forming a new association in the Philippines with KMC MAG Group.
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February 28, 2013 - Aviva Investors makes real estate debt hire
Outlet: Released
Aviva Investors has appointed James Tarry as fund manager for Real Estate Debt in its Real Estate team.
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February 28, 2013 - AXA remains at the forefront of the European real estate market
Outlet: Released
AXA Real Estate Investment Managers has announced that in 2012 it increased transaction volumes by €1.1 billion, or 18%, to €7.3 billion (completed or signed) (2011: €6.2 billion) and raised €7.4 billion of capital.
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February 28, 2013 - IVG purchases office property “BoLa 25” in Frankfurt’s West End
Outlet: Released
IVG has acquired the office complex “BoLa 25” in Frankfurt’s West End for a new specialised fund of the pension scheme for dentists in Westphalia Lippe. The seller is the Hamburgbased DWI Group.
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February 28, 2013 - Shareholder meeting of ESTAVIS AG approves capital increase
Outlet: Released
The general meeting of shareholders of ESTAVIS AG approved a capital increase of six million shares against cash contributions.
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February 27, 2013 - Henderson Global names new head of £150 million property fund
Outlet: City AM - Online
Henderson Global Investors has named Cameron Fraser as head of its £150 million institutional U.K. property fund, replacing Ludo MacKenzie.
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February 27, 2013 - LGP sells shopping center for £250.5 million
Outlet: Released
Legal & General Property (LGP) has sold Midsummer Place Shopping Center in Milton Keynes for £250.5 million to Intu Properties, formerly Capital Shopping Centres Group.
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February 27, 2013 - State Street completes integration of Morgan Stanley Real Estate Investing Fund servicing operations
Outlet: Business Wire - Online
State Street Corp, has completed the integration of Morgan Stanley Real Estate Investing's fund servicing operations.
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February 26, 2013 - Starwood Capital closes transaction to acquire Principal Hayley Group
Outlet: PR Newswire
Starwood Capital Group has acquired Principal Hayley Group, a business, conference and events hotel group.
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February 26, 2013 - Westfield sells half stake in Stratford City
Outlet: City AM - Online
Westfield Group is selling a stake in its Stratford City development in London to Dutch and Canadian pension funds for £871.5 million.
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February 26, 2013 - Oaktree Capital buys U.K.'s Countryside Capital From Lloyds
Outlet: Bloomberg News - Online
Oaktree Capital Management has bought U.K. homebuilder Countryside Properties Plc using debt provided by seller Lloyds Banking Group.
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February 26, 2013 - Heitman hires Erik Rijnoudt as senior vice president
Outlet: Released
Heitman has appointed Erik Rijnoudt as senior vice president of portfolio management in the firm's London office.
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February 25, 2013 - U.S. banks targeting Europe commercial property
Outlet: American Banker
U.S. banks are looking to capitalize on a dearth of financing for Europe's commercial property market that's driven lending margins to five times the level prior to the 2008 crisis.
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February 25, 2013 - Morgan Stanley fund buys Moscow mall for $1.2 billion
Outlet: Reuters - Online
Morgan Stanley Real Estate Investing has bought the Metropolis shopping mall in northwest Moscow for a price of $1.2 billion.
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February 24, 2013 - Online shopping and fashion retailers drive global logistics demand, finds CBRE survey
Outlet: BusinessIntelligence-Middle East (BI-ME)
Tokyo is the world’s most expensive prime logistics market as multichannel retailers seeking new facilities and requiring larger spaces drive demand in the world’s leading cities, according to new research from global property advisor CBRE Group.
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February 24, 2013 - Top ten most expensive global office rents
Outlet: Chinaretailnews.com/
Hong Kong's Central Business District ranks second to London's West End as the world's most expensive office market, according to research published by real estate firm Cushman & Wakefield.
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February 22, 2013 - Former Lehman Bros. chief Richard Story raises £200 million from institutional investors
Outlet: CoStar UK News
Henley Investments, the boutique real estate private equity firm founded by former Lehman Brothers managing director Richard Story, has raised £200 million ($304.5 million) from a string of institutional investors.
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February 21, 2013 - AXA sells 72 asset retail portfolio to AP3
Outlet: Released
AXA Real Estate Investment Managers has completed, on behalf of clients, the sale of a portfolio of 72 food retail assets to Tredje AP-fonden (AP3), a Swedish state-owned pension fund.
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February 21, 2013 - UPDATE: LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Released
LondonMetric Property has completed the acquisition of a portfolio of six retail warehouse assets.
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February 20, 2013 - RREEF Real Estate confirm spring sale
Outlet: Property Week - Online
RREEF Real Estate has confirmed that it has entered into exclusive negotiations to sell its stake in high-end French department store, Printemps.
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February 20, 2013 - RREEF, Prelios plan $1.3 billion German apartment sale
Outlet: Bloomberg News - Online
Deutsche Bank AG's RREEF property investment unit and Prelios SpA plan to sell German homes valued at approximately €1 billion ($1.3 billion).
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February 20, 2013 - RREEF plans to sell controlling stake in upscale French retail property for around $2.7 billion
Outlet: Thomson Reuters - India - Online
RREEF, Deustche Bank's real estate arm, is looking to sell a 70 percent stake in Printemps, an upmarket French department store and tourist hotspot.
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February 20, 2013 - LaSalle anounces appointment to global COO role
Outlet: Released
LaSalle Investment Management has announced that their global COO of 31 years will be retiring at the end of 2013, to be replaced by industry veteran Elisabeth Stheeman.
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February 19, 2013 - Valad to manage €570 million Polish retail fund
Outlet: Released
Valad Europe has acquired the investment adviser and asset manager operations of GE Capital Real Estate’s Polish Retail Fund.
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February 19, 2013 - CBRE appoints Chris Brett as head of international investment for the United Kingdom
Outlet: M2 Presswire
CBRE has appointed Chris Brett as Head of International Investment for its U.K. business.
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February 19, 2013 - Rockspring eyes additional €100 million equity raise
Outlet: PropertyEU - Online
Rockspring Property Investment Managers is planning a second equity raising of €100 million this year for its German Retail Box Fund.
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February 19, 2013 - London regains world's most expensive office space
Outlet: Released
The global office market witnessed prime rents increase by 3 percent in 2012, although this was largely supported by the impressive growth levels seen in South America, namely Brazil and Colombia. However, it was London (West End) that overtook Hong Kong to become the most expensive office market across the world, according to a report by Cushman & Wakefield.
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February 19, 2013 - Europa Capital makes two internal appointments
Outlet: PropertyEU - Online
Real estate fund manager Europa Capital has announced internal appointments of staff to acquisition roles.
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February 19, 2013 - Trzoslo named MD of JLL Poland
Outlet: PropertyEU - Online
Jones Lang LaSalle has appointed Tomasz Trzoslo, currently head of its capital markets business across Central & Eastern Europe, to managing director (MD) for Poland.
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February 19, 2013 - Union Investment to spend €2.4 billion during 2013
Outlet: PropertyEU - Online
Union Investment Real Estate intends to invest €2.4 billion for a range of retail and institutional funds during 2013.
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February 15, 2013 - PAMERA buys the first property for Stuttgarter Versicherung’s SIS Fund in Berlin
Outlet: Released
GRR Real Estate Management GmbH has acquired a portfolio of nine recently modernised and extended Aldi stores, in Baden-Württemberg and Bavaria, for the GRR German Retail Fund No.1.
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February 15, 2013 - CORPUS SIREO wins asset management mandate for “Treveria Portfolio”
Outlet: Released
CORPUS SIREO Asset Management Commercial GmbH will take on an extensive asset management mandate for the “Treveria Silo E” commercial real estate portfolio on behalf of receiver Ottmar Hermann and in coordination with special servicer Hatfield Philip
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February 14, 2013 - Hines adds Mercedes-Benz Bank Building to holdings
Outlet: GlobeSt.com
The Mercedes-Benz Bank Building has been added to Hines Global REIT's portfolio. Hines bought the property from DDE 24 $69.8 million.
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February 14, 2013 - Cerberus hires former Hudson Advisors European president Ron Coggle
Outlet: CoStar UK News
Cerberus Capital Management has hired Ron Coggle in its European real estate team, after leaving Lone Star-owned Hudson Advisors last October.
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February 13, 2013 - RREEF Real Estate buys green office in Manchester
Outlet: PropertyEU - Online
RREEF Real Estate, the real estate investment business of Deutsche Bank, has acquired a 'zero carbon emission’ property in Manchester for £142 million.
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February 13, 2013 - RREEF Real Estate acquires building in £142 million sale-leaseback deal
Outlet: Manchester Evening News - Online
The Co-operative Group has sold its new headquarters in a £142 million ($221 million) sale-leaseback deal. RREEF Real Estate, the property arm of Deutsche Bank's asset and wealth management division, has bought a 51 percent interest in the building,
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February 12, 2013 - Terrace Hill sells £70 million residential portfolio
Outlet: Press Release
Terrace Hill Group PLC has exchanged contracts with Places for People for the sale of the majority of its remaining residential assets, comprising 925 units.
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February 12, 2013 - CORESTATE sells German property portfolio for €250 million
CORESTATE has sold a German mixed-used portfolio for €250 million to a number of German institutional buyers.
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February 12, 2013 - Blackstone spends €240 million to enter Polish logistics market
Outlet: PropertyEU - Online
LogiCor, Blackstone's newly created logistics platform, has made its first foray into Poland with the acquisition of two portfolios from joint venture partners Panattoni Europe and Pramerica Real Estate Investors.
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February 12, 2013 - IVG acquires €500 million prime portfolio from Freo
Outlet: Press Release
IVG has acquired three office and retail properties in Frankfurt, Main and Berlin and contributed them to a Luxembourg‑based fund as part of a portfolio transaction.
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February 11, 2013 - Rockspring secures major €275 million refinancing for German Retail Box Fund
Outlet: Press Release
Rockspring Property Investment Managers has refinanced its Lloyds HBoS €282 million capital market facility for its German Retail Box Fund.
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February 11, 2013 - Henderson sells Paris office
Outlet: Press Release
The Horizon French Property Partnership I S.C.A Fund, advised by Henderson Global Investors, has sold an asset in Paris, France.
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February 10, 2013 - Global real estate investments to hit $500 billion
Outlet: Trade Arabia
The direct investment into commercial real estate globally is on a high and the volumes are likely to reach a whopping $500 billion in 2013 from $443 billion in 2012, according to the latest research from Jones Lang LaSalle.
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February 10, 2013 - TIAA-CREF and NBIM announce $1.2 billion real estate JV
Outlet: Business Wire
TIAA-CREF has formed a $1.2 billion joint venture with Norges Bank Investment Management (NBIM), manager of the Norwegian Government Pension Fund Global, to invest in high-quality office properties in Boston, New York and Washington.
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February 8, 2013 - Canada puts London embassy up for sale
Outlet: Globe and Mail - Online, The
The Canadian High Commission offices and residence in central London has been placed on the market as the federal government seeks to cash in on the city’s surging real estate market.
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February 8, 2013 - Union Investment to ramp up in Americas
Outlet: PropertyEU - Online
Hamburg-based Union Investment has told PropertyEU that it intends to use its €330 million acquisition of an office tower in San Francisco last June to re-start an acquisition program in the Americas.
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February 8, 2013 - Doughty Hanson to quit property
Outlet: Property Week - Online
Doughty Hanson, one of the largest independent private equity firms in Europe, will quit property to focus on its private equity business.
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February 8, 2013 - LGP completes acquisition of FIX Portfolio
Outlet: Press Release (pr) Distribution Service By India Prwire
Legal & General Property (LGP), on behalf of its U.K. Property Income Fund, has acquired the FIX Portfolio from a consortium of investors represented by Paradigm Real Estate Managers, for £115.9 million.
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February 8, 2013 - Cordea Savills wins £300 million mandate
Outlet: Press Release
Cordea Savills has been appointed as Property Adviser to The Bishopsgate Long Term Property Fund Unit Trust with a mandate to establish a new U.K. core balanced commercial property fund.
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February 8, 2013 - Hammerson report considers heralding new opportunity in retail
Outlet: Press Release
The rise of smartphones and an aging population will drive faster retail sales growth over the next decade, but only those retailers which succeed in remaining relevant for tomorrow’s consumer will benefit.That’s the finding of a new report The Reshaping of Retail produced by retail consultant Conlumino on behalf of Hammerson.
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February 7, 2013 - New York Common Fund invests $200 million in Europe
Outlet: Institutional Real Estate Newsline
The $150.1 billion New York State Common Retirement Fund has committed $200 million to AREA European Property Enhancement Program.
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February 7, 2013 - Salans’ Real Estate Group promotes two new partners
Outlet: Press Release
International law firm Salans has promoted two lawyers to Partner within the Global Real Estate Group.
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February 6, 2013 - GRR German Retail Fund No.1 buys local shopping center in Erlangen
Outlet: Press Release
GRR Real Estate Management GmbH has acquired the Büchenbach-West local shopping center in Erlangen,Germany, for GRR German Retail Fund No.1.
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February 6, 2013 - The Carlyle Group acquires a Karstadt department store in Germany
Outlet: Press Release
The Carlyle Group has completed the acquisition of a Karstadt department store in the city of Esslingen in southern Germany. Carlyle has made the investment on behalf of its CEREP III fund.
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February 6, 2013 - Al Rayyan Tourism and Investment expands hotel portfolio
Al Rayyan Tourism and Investment has signed two purchase agreements on the Grand Hyatt Hotel and the Maritim Hotel, Berlin, Germany with SEB Asset Management’s open-ended real estate fund SEB ImmoInvest.
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February 5, 2013 - Pramerica announces acquisition of 118 Avenue des Champs-Elysées
Outlet: Press Release
Pramerica Real Estate Investors has completed the acquisition of the companies holding 118 Avenue des Champs-Elysées in Paris, a prime retail and office building, from listed Italian property company Risanamento.
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February 5, 2013 - Terrace Hill completes £91 million sell
Outlet: Press Release
Terrace Hill has completed a site sale and forward funding agreement with Legal & General Property (“LGP”) for its 1,104 unit student accommodation scheme in Southampton city centre. The development will have a completed value of approximately £91.0
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February 5, 2013 - Target your commercial property market exposure
Outlet: Interactive Investor
With some areas of the U.K. commercial property market set to recover while others continue to languish, targeted exposure will be the key to success for investors in 2013.
"The outlook for the market is looking a little better," says Kelvin David
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February 5, 2013 - Oaktree In Talks Over Countryside Deal
Outlet: Yahoo! Finance UK
Oaktree Capital Management is considering a takeover of one of the multitude of housebuilders part-owned by the state-backed Lloyds Banking Group. Oaktree is among a small number of bidders for Countryside Properties, one of the biggest privately-hel
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February 5, 2013 - Segro completes the disposal of the MPM site in Munich for €65 million
Outlet: Property Mall
Segro completes the disposal of the MPM site in Munich for €65 million.
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February 4, 2013 - Sumitomo buys U.K. water supply firm for $259 million
Outlet: WSJ Blogs
Japanese trading house Sumitomo Corp. has purchased British water supply firm Sutton and East Surrey Water Plc for $259 million.
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February 4, 2013 - Dundee International REIT to acquire office properties in Germany for $568 million
Outlet: Financial Post - Online
Dundee International REIT is buying a 1.5-million-square-foot portfolio of office properties in Germany for $568 million.
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February 2, 2013 - Qatar plans $1.35 billion Sardinia tourism project
Outlet: Hotelier Middle East - Online
Qatar Holding has unveiled plans for a $1.35 billion investment in Sardinia's tourism sector, it has been reported. The plan includes a 150-room Harrods Hotel, a 200-room family hotel, both for the luxury market.
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February 1, 2013 - AXA Real Estate raises €209 million for Caesar Fund
Outlet: Press Release
AXA Real Estate Investment Managers has raised €209 million at the close of the Caesar Fund, giving a total potential fund size of around €420 million
once fully invested.
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February 1, 2013 - Schroders to invest £28 million in U.K. care homes
Outlet: Press Release
Schroder U.K. Property Fund, managed by Schroders, will fund the development of five new care homes in Suffolk for £28 million with Care U.K.
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February 1, 2013 - Investor confidence in hotel sector increases
Outlet: Institutional Real Estate Newsline
Despite the uncertainties of the global economy in 2012, investors have more confidence in the hotel sector this year, according to a survey in the Ernst & Young 2013 Global Hospitality Report.
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February 1, 2013 - West Sussex picks trio for £1.2bn estates mandate
Outlet: CoStar UK News
West Sussex council has appointed three consultants for a five year contract providing advice across its £1.2 billion property portfolio.
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February 1, 2013 - Starwood completes sale of four hotels In France
Outlet: Individual.com
Starwood Capital Group has completed the sale of four iconic luxury hotels in France. The assets were sold to Constellation Hotels Holdings Ltd and will be managed by Hyatt Hotels Corporation going forward. Terms of the transaction were not disclosed
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January 31, 2013 - LondonMetric Property purchases £92.4 million retail warehouse portfolio
Outlet: Press Release
LondonMetric Property has acquired its first acquisition with the purchase of a portfolio of six retail warehouse assets for £92.4 million.
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January 30, 2013 - Mubadala Pramerica Real Estate Investors names Faris Mansour director of capital markets
Outlet: Press Release
Mubadala Pramerica Real Estate Investors, a 50/50 joint venture between Mubadala Development Co. and Pramerica Real Estate Investors, has named Faris Mansour director of capital markets.
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January 30, 2013 - Tritax launches Aberdeen Office Fund
Outlet: Press Release
Tritax has announced the completion of the Tritax Aberdeen Office Fund, which will provide its private investors with a high yielding, tax efficient investment in a new 40,000-square-foot, class A office development in Aberdeen.
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January 30, 2013 - Measured risk – Europe's real estate investors slowly gaining confidence again
Outlet: Press Release
Investment Climate Index shows a uniformly upward trend for Germany, France and the United Kingdom for the first time since 2010.
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January 30, 2013 - GVA to sell £46 million Manchester Royal Exchange
Outlet: Place North West
Prupim has appointed GVA to manage the sale of Manchester's Royal Exchange building between Cross Street and St Ann's Square.
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January 29, 2013 - Yorkshire-Australian partners invest £240 million in student housing
Outlet: bdaily.co.uk
A partnership between Manor Properties and Australian infrastructure firm, Lend Lease, will deliver £240 million of investment into U.K. student accommodation.
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January 27, 2013 - Ivanhoé Cambridge and TPG complete acquisition of Woolgate Exchange
Outlet: Yahoo! News
Ivanhoé Cambridge and TPG has completed the acquisition of Woolgate Exchange, a high-quality office building located in London's business district.
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January 27, 2013 - Singapore emerges as source of Laxfield's £1 billion fund
Outlet: Financial Times
The Government of Singapore Investment Corp. (GIC), the country’s $100 billion sovereign wealth fund, will underwrite the loans which will be issued by Laxfield Capital, the specialist property-focused lender.
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January 27, 2013 - Richard Walters named partner at Orchard Street
Outlet: PropertyEU - Online
Richard Walters named partner at Orchard Street. Walters joined the specialist U.K. commercial property investment manager in September 2011 from Invista Real Estate.
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January 26, 2013 - Moorfield Group and SEGRO launches Logistics Property Partnership
Outlet: HSSsearch.co.uk
Moorfield Group and SEGRO have launched the Logistics Property Partnership. The new name for the U.K. Logistics Fund.
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January 25, 2013 - EMEA hotel investment reaches $11 billion in 2012
Outlet: Hotel Online
Europe, Middle East and Africa (EMEA) transaction volumes reached $11 billion in 2012, according to the latest analysis from Jones Lang LaSalle Hotels & Hospitality Group.
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January 25, 2013 - Queensgate Investments Fund creates $450 million partnership
Queensgate Investments Fund I and a number of private investors have announced the creation of a $450 million joint venture, which has exchanged contracts with Anschutz Entertainment Group to buy a 3 hectare riverfront hotel led site.
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January 25, 2013 - London beats Hong Kong as most expensive city for office space
Outlet: GlobalPost.com
London overtook Hong Kong in 2012 to win the dubious accolade of world's most expensive city for office space, according to a survey of 126 major cities by property agency DTZ.
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January 24, 2013 - Rockspring acquires €78 million Paris Oise Logistics Park
Outlet: Europe Real Estate
Rockspring Property Investment Managers has acquired the Paris Oise Logistics Park, located in Longueil Sainte Marie to the North of Paris, for its TransEuropean Property Limited Partnership V fund.
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January 24, 2013 - Investors increase appetite for risk
Outlet: Press Release
For the first time since the financial crisis, investors’ appetite for risk appears to be growing, according to the INREV Investment Intentions Survey 2013.
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January 23, 2013 - Prudential Real Estate Investors names Europe unit heads, risk chief
Outlet: Individual.com
Prudential Real Estate Investors has named Raimondo Amabile and Andrew Radkiewicz as co-heads of its European business and appointed Philip Barrett chief risk officer for Europe and Asia.
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January 23, 2013 - AEW Europe’s real estate capital raising hits €1.8 billion in 2012
Outlet: Press Release
Pan-European real estate investment manager AEW Europe has further expanded its platform, raising €1.8 billion in capital in 2012, a 13 percent increase over the previous year, for its fund strategies, separate institutional mandates and club deals.
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January 23, 2013 - European retail real estate investment volumes reach €19.4 billion in 2012
Outlet: Europe Real Estate
Jones Lang LaSalle reports that retail real estate investment was strong in fourth quarter 2012 lifting full year investment to €19.4 billion; the top end their €18 billion-€20 billion forecast.
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January 22, 2013 - Credit Suisse & IBRC sells interest in Woolgate Exchange for £265 million
Outlet: Press Release
Receivers Robert Harry Pick and Simon James Underwood of Menzies Business Recovery LLP have sold the freehold interest in Woolgate Exchange on behalf of the lenders Credit Suisse & IBRC instructed by the Special Servicer, Capita Asset Services (UK) Ltd for £265 million.
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January 22, 2013 - CORESTATE signs €300 million of German distressed property acquisitions
Outlet: Press Release
CORESTATE has acquired a German commercial and residential portfolio valued at €150 million and entered into an exclusive agreement to purchase an additional €150 million of residential assets.
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January 22, 2013 - Graingerhas creates partnership with APG Strategic Real Estate Pool
Outlet: Press Release
Grainger plc has created a partnership with APG Strategic Real Estate Pool. The partnership is called GRIP, which acquires the residential property portfolio owned by G:res1, a U.K. market-rented residential property fund established and managed by Grainger.
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January 22, 2013 - MGPA acquires long-let class A office building in Perth, Western Australia
Outlet: Press Release
MGPA has acquired the first asset for its German fund focused on Asia-
Pacific, MGPA Asien Spezialfonds, in Perth, Western Australia.
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January 22, 2013 - Savills appoint new Head of Investment in Birmingham
Outlet: Property Mall
The Savills Birmingham team have appointed Andrew Bull as its new head of investment - replacing Jonothan Holmes.
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January 21, 2013 - Morgan Stanley finds opportunity in distressed property assets
Outlet: Big News Network
Distressed property markets where deals are difficult to finance and yield spreads are at all-time highs provide attractive investment opportunities, according to Morgan Stanley's real estate unit.
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January 21, 2013 - M&G Property portfolio successfully converted into PAIF
Outlet: Press Release
M&G Investments has announced the conversion of its £2 billion M&G Property Portfolio from a unit trust into a Property Authorised Investment Fund (PAIF) structure.
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January 21, 2013 - Madison acquires 35 percent equity stake in Statoil's newly office complex for $71 million
Outlet: Press Release
Madison International Realty has completed the acquisition of a 392 Million NOK (approx. US $71 Mio.) interest in the Statoil complex in Oslo, Norway.
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January 21, 2013 - Mauro Montagner appointed CEO of the Italian hub of Allianz Real Estate
Outlet: Europe Real Estate
Mauro Montagner has joined Allianz S.p.A. as CEO. He will head the Southern European platform of Allianz Real Estate based in Milan.
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January 17, 2013 - Kennedy Wilson buys real estate portfolio for 29 U.K. assets
Outlet: Business Wire - Online
Kennedy Wilson and one of its investment partners acquired a portfolio of 29 U.K. real estate assets for approximately £63 million. The properties were purchased on an all cash basis.
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January 17, 2013 - Westfield strikes £ 1 billion deal to redevelop centers in Croydon
Outlet: Press Release
Croydon’s two main shopping centers will be redeveloped in a £1billion scheme. Westfield has struck a deal with Hammerson to combine the Whitgift Centre and Centrale.
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January 16, 2013 - Overseas buyers drawn to London new-build homes
Outlet: Press Release
Knight Frank’s new report, International Residential Investment in London, reveals the size of overseas investment into the London new-build sector. It also examines how the financial crisis has changed the dynamics of the market, looking particularly at the rise in investment by Asian buyers. Finally, it analyzes who is buying new-build property and why, before highlighting the potential future overseas markets for London property.
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January 16, 2013 - Cornerstone Real Estate Advisers appoints Michael Marron to senior securities analyst post
Outlet: Press Release
Cornerstone Real Estate Advisers has appointed Michael Marron as vice president--senior equity analyst for its Global Real Estate Securities operation, which manages global and domestic real estate securities strategies from offices in Stamford, Amsterdam and Hong Kong.
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January 16, 2013 - AEW Europe appoints Simon Blaxland
Outlet: Press Release
AEW Europe has further expanded its private equity platform with the appointment of Simon Blaxland as executive director.
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January 16, 2013 - Europa Capital announces promotions
Outlet: Press Release
Europa Capital has promoted Hugo Black, Jonathan Mansie, Tim Neslen, Callum Thorneycroft and Michael Abel to associate director.
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January 16, 2013 - Managerial promotions at Skanska
Outlet: Press Release
Skanska Property has made two promotions.
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January 15, 2013 - Irwin Mitchell seals hire of 14-strong DLA Manchester real estate team
Outlet: legalweek.com
Irwin Mitchell has confirmed the hire of a 14-strong team from DLA Piper's Manchester arm, following the news last year that the firm was set to take on a quartet of DLA real estate partners from the office.
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January 15, 2013 - Aviva Investors and Secured Capital hold final close of the oversubscribed Tokyo Recovery Fund at $300 million
Outlet: Press Release
Aviva Investors and Secured Capital Investment Management has held a final close for their Tokyo Recovery Fund. Since the fund’s first close in November 2011, which raised initial equity of $122 million, the fund has grown to $300 million, exceeding its $250 million fundraising goal.
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January 15, 2013 - Rockspring further strengthens Investor Relations Team with appointment of Allen Chilten
Outlet: Press Release
Rockspring Property Investment Managers has hired Allen Chilten as senior manager on its EMEA investor relations team. Previously, he was at Credit Suisse.
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January 14, 2013 - Martin Brühl named head of international investment management at Union Investment Real Estate
Outlet: Press Release
Martin Brühl has been named head of international investment management at Union Investment Real Estate. Brühl will be responsible for managing the company's real estate investments in the United Kingdom, the Americas and Asia.
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January 14, 2013 - Aberdeen appoints Dimme Lucassen to its property multi-manager team
Outlet: Press Release
Aberdeen Asset Management has appointed Dimme Lucassan as a fund manager within the property multi-manager team.
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January 14, 2013 - Rockspring and Générale Continentale Investissements acquire prime Paris office
Outlet: Press Release
Rockspring Property Investment Managers and Générale Continentale Investissements have formed a new joint venture, which has acquired a prime, central Paris office complex located at 5-7-9 rue Jacques Bingen from insurance company AG2R La Mondiale.
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January 14, 2013 - John Nelson retires from Hammerson
Outlet: Press Release
The Board of Hammerson announces that John Nelson will retire as Chairman of the company at its AGM on 9 May 2013.
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January 14, 2013 - PREIT sells Harrisburg retail complex
Outlet: philly.com
Pennsylvania Real Estate Investment Trust (PREIT) has completed the sale of Paxton Towne Centre in Harrisburg for $76.8 million.
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January 14, 2013 - BNP Paribas Real Estate appoints new Central London director
Outlet: Property Week - Online
BNP Paribas Real Estate has appointment a new director to its Central London investment team.
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January 14, 2013 - Aberdeen appoints former Schroders property manager
Outlet: Funds Europe - Online
Aberdeen Asset Management has appointed a former Schroders property fund manager, Dimme Lucassen, to its property multi-manager team.
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January 13, 2013 - Non-major lender to manage €380 million Irish portfolio
Outlet: Australian Broker - Online
Pepper Asset Servicing has been appointed by CarVal Investors to provide special servicing, master servicing and asset management on the €380 million Pittsburg portfolio of Irish loans CarVal investors acquired from Lloyds last month.
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January 13, 2013 - IBRC sells €176 million office block in London
Outlet: Irish Independent - Online
IBRC has purchased 1-19 Victoria Street in London for £180.5 million.
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January 11, 2013 - Jones Lang LaSalle appointed as international sales agent on iconic Battersea Power Station
Outlet: Press Release
Jones Lang LaSalle has been appointed as international sales agent on the iconic Battersea Power Station in London.
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January 11, 2013 - Union Investment sells office property in Seattle
Outlet: Press Release
Union Investment has sold the office and commercial property Fifth & Pine in Seattle, owned by its open-ended real estate fund UniImmo: Global, to U.S. investor Invesco Advisors. The sale price of around $70.6 million
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January 11, 2013 - Thales HQ sold in £80 million deal
Outlet: South West Business Insider - Online
Legal & General Property has acquired Thales' U.K. headquarters, the Sapphire Campus, in Crawley for £80 million.
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January 11, 2013 - City trophy to hit the market for £140 million
Outlet: CoStar UK News
A German closed-ended fund manager is to bring the City's first major trophy asset of the year to market with a price tag of £140m, according to CoStar News.
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January 11, 2013 - NEINVER and MAB plan to open an outlet center in The Netherlands
Outlet: Europe Real Estate
MAB Development and NEINVER are developing and operating the new outlet center in Amsterdam metropolitan region under the ‘The Style outlets’ brand.
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January 10, 2013 - Kennedy-Wilson said to acquire buildings for $100 million
Outlet: Bloomberg News - Online
Kennedy-Wilson Holdings has agreed to buy 29 office and industrial buildings in the United Kingdom for about $100 million, according to a person with knowledge of the talks.
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January 10, 2013 - Union Investment acquires residential property in Berlin from TAG Immobilien AG
Outlet: Press Release
Union Investment Institutional Property GmbH has acquired three apartment blocks located in Berlin and comprising 1,384 units for a total purchase price of €87 million.
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January 9, 2013 - REVCAP extends final close date for European property fund
Outlet: Institutional Real Estate Newsline
Real Estate Venture Capital Management has extended its final close date for its second fund in a series.
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January 9, 2013 - Schroders announces first close of Core European Property Fund
Outlet: Institutional Real Estate Newsline
Schroders Property Investment management has announced the first close of the Schroder Core European Property Fund on Dec. 21, 2012.
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January 9, 2013 - Better Capital launches joint venture turnaround fund with NPRF
Outlet: Growthbusiness.co.uk
The National Pensions Reserve Fund of Ireland and turnaround private equity fund Better Capital are joining forces to back failing businesses in Ireland.
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January 8, 2013 - Jones Lang Lasalle appoints Adam Challis
Outlet: Civic & Public Building Specifier - Online
Jones Lang LaSalle has appointed Adam Challis as the firm’s new head of residential research. A key role for the firm’s U.K. business.
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January 7, 2013 - Icade’s healthcare arm buys €280 million of assets
Outlet: PropertyEU - Online
Icade’s healthcare arm buys two portfolios valued at a total of €280 million.
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January 7, 2013 - Simon Mallinson appointed executive managing director at Real Capital Analytics
Outlet: Press Release
Simon Mallinson has been appointed executive managing director of Real Capital Analytics' EMEA operations.
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January 7, 2013 - St. Modwen Properties and VINCI PLC sign contract for regeneration of new Covent Garden Market
Outlet: Press Release
St. Modwen Properties and its joint venture partner VINCI PLC have signed a contract with the Covent Garden Market Authority to be the development partner for the New Covent Garden Market site in Central London.
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January 7, 2013 - AXA Real Estate launches U.K. Long Lease Property Fund
Outlet: Press Release
AXA Real Estate Investment Managers has launched the U.K. Long Lease Property Fund, which aims to offer U.K. institutional investors, pension schemes and investment consultants a new property-based, liability matching solution with long and secure in
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January 7, 2013 - IVG reorganizes branch network in Europe
Outlet: Press Release
As part of its repositioning as an integrated investment and asset manager, IVG is reorganizing its operations in its domestic
market of Germany and in the rest of Europe.
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January 4, 2013 - European banks expected to trade some €60 billion in non-core loans in 2013
Outlet: PriceWaterHouseCoopers.com
Non-core loan portfolios with a face value of at least €60 billion are expected to be traded by European banks in 2013, as they step up their deleveraging activity, according to predictions from PricewaterhouseCoopers (PwC).
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January 4, 2013 - Legal & General forward funds university of arts student accomodation development
Outlet: Press Release
Legal & General Property has agreed to forward fund a student accommodation scheme in Finsbury Park, London, for a total consideration in excess of £57 million.
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January 3, 2013 - Hansteen acquires U.K. industrial portfolio and completes acquisition German Estate
Outlet: Europe Real Estate
Hansteen has exchanged contracts with The Industrial Trust to acquire a portfolio of multi-let industrial estates, for £60 million.
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January 2, 2013 - Skanska sells office complexes in Warsaw to RREEF
Outlet: Press Release
Skanska Property Poland hassold Nordea House and Green Corner office complex in the Warsaw CBD to two RREEF real estate special funds.
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January 2, 2013 - Hines' Pan-European core fund acquires Atlas House in London
Outlet: Press Release
Hines has announced that its Pan-European Core Fund has acquired Atlas House in the City of London from UBS Global Asset Management in an off-market deal.
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January 2, 2013 - Skanska sells Green Towers in Wrocław
Outlet: Press Release
Skanska Property Poland sold the fully leased Green Towers office complex in Wrocław to one of Poland’s largest financial companies for €64 million.
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January 2, 2013 - DRC Capital starts raising for £500 million mezzanine fund
Outlet: CoStar UK News
DRC Capital, a European mezzanine lender, has plans to raise around £500 million in the first half of this year for its European Real Estate Debt Fund II.
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December 28, 2012 - SEB ImmoInvest sells Maritim Hotel Berlin
Outlet: Press Release
SEB Asset Management has sold Maritim Hotel in Berlin at Stauffenbergstrasse 26.
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December 27, 2012 - Hansteen acquires £60 million U.K. industrial portfolio
Outlet: Press Release
Hansteen has exchanged contracts with The Industrial Trust to acquire a portfolio of multi-let industrial estates for £60 million.
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December 27, 2012 - Starwood European Real Estate Finance announces first investment
Outlet: Press Release
Starwood European Real Estate Finance together with Starwood Property Trust has acted as one of the three partners for the £147 million mezzanine component of the £547 million refinancing of the Maybourne Hotel Group.
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December 24, 2012 - CBRE Global Investors buys major logistics center in Warsaw
Outlet: Warsaw Business Journal - Online
CBRE Global Investors buys major logistics center in Warsaw.
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December 23, 2012 - China's CIC Vies to buy £800 million office campus
Outlet: NASDAQ
China's sovereign wealth fund is among a trio of Asian investors vying to buy an £800-million London office campus from Blackstone Group.
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December 20, 2012 - Kennedy Wilson closes Ruby portfolio for £62.75 million
Outlet: CoStar UK News
Kennedy Wilson has completed the purchase of the Ruby portfolio for a final price of £62.75 million.
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December 20, 2012 - Kennedy Wilson acquires secured €120 million loan in Dublin
Outlet: StreetInsider.com
Kennedy Wilson and one of its investment partners have acquired a loan with an unpaid principal balance of €120 million.
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December 20, 2012 - AXA Real Estate sells 8 Place Vendôme for €135 million
Outlet: Press Release
AXA Real Estate Investment Managers has reached an agreement to sell the prime office and retail property 8 Place Vendôme to a wholly owned indirect subsidiary of the State Oil Fund of Azerbaijan for €135 million.
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December 20, 2012 - PATRIZA acquires Tamar Capital Group
Outlet: Press Release
PATRIZIA Immobilien AG has signed a contract to acquire Tamar Capital Group.
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December 20, 2012 - IVG sells office property in Budapest Infopark
Outlet: Press Release
IVG has sold the last of the six office properties in total it developed in Budapest’s Infopark.
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December 20, 2012 - Union Investment sells Chilean property portfolio
Outlet: Press Release
Union Investment has disposed of its Latin American sub-portfolio. The fund's Chilean portfolio, consisting of five office properties, was sold for some €171 million.
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December 20, 2012 - Prologis forms €2.4 billion joint venture with Norges Bank Investment Management in Europe
Outlet: Press Release
Prologis has signed a definitive agreement to form Prologis European Logistics Partners Sàrl, a euro-denominated joint venture. The venture will acquire a portfolio of high-quality distribution facilities wholly owned by Prologis in 11 target Europea
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December 19, 2012 - Take advantage In Europe with core real estate investment, says Lasalle
Outlet: Civic & Public Building Specifier - Online
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world’s major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management Invest
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December 19, 2012 - Union Investment acquires “Motel One” in Amster-dam from COD
Outlet: Press Release
Union Investment has signed a turnkey purchase contract for the first hotel operated by Motel One in Amsterdam.
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December 18, 2012 - Ivanhoe Cambridge signs exclusivity on Areva HQ
Outlet: PropertyEU - Online
Canadian property group Ivanhoe Cambridge has entered into exclusive talks with Groupe Industriel Marcel Dassault on the sale of an office property in Paris.
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December 17, 2012 - RREEF Real Estate sells 78 St. James’s SW1, London
Outlet: Press Release
RREEF Real Estate has sold 78 St James’s, an office property located in London’s West End, on behalf of its German open-ended real estate fund, grundbesitz europa, for £177 million.
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December 17, 2012 - Saxo Bank directors take over Saxo Properties
Outlet: Press Release
Saxo Bank’s Chief Executive Directors, Eric Rylberg and Karsten Poulsen, have bought Saxo Properties A/S in a management buy-out.
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December 17, 2012 - M&G Property buys Chiswick Green
Outlet: Press Release
The M&G Property Portfolio has acquired a commercial property development in Chiswick Green, West London from BAM Properties for £47.7 million.
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December 17, 2012 - C&W hires DB executive to head German operations
Outlet: PropertyEU - Online
Cushman & Wakefield has hired Deutsche Bank's head of commercial real estate Frank Nickel as a partner and managing director of its operations in Germany.
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December 17, 2012 - RREEF sells London office for £177 million
Outlet: Property Mall
RREEF Real Estate fund Grundbesitz Europa has sold a St James's Street office in London's West End for around €218.89 million.
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December 14, 2012 - DTZ reports rising demand for grade A space
Outlet: Huddersfield Daily Examiner - Online
The latest Property Times U.K. Industrial Report, which covered the market for properties exceeding 50,000 square feet said take-up of class A space rose by almost 7 percent in the third quarter 2012 – the first quarter-on-quarter rise for nearly 18
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December 13, 2012 - Rents in parts of central London expected to see strong growth in 2013
Outlet: Property Wire
London’s prime rental markets are beginning to segment as tenant demand is becoming increasingly varied depending on property type and location. The overall trend is one of small rental falls, but hidden within this is a divergence of performance, ac
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December 13, 2012 - 2013: LaSalle predicts low interest rates, low inflation and low growth scenario
Outlet: Investment Europe
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world's major real estate markets for at least the next couple of years according to the 2013 LaSalle Investment Management outloo
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December 13, 2012 - Allianz Real Estate commits €75 million to Areim Fund II
Outlet: PropertyEU - Online
Stockholm-based fund manager Areim said on Thursday that Allianz Real Estate has committed SEK 643 million ($98 million) to its Areim Fund II, which will focus on value-added investments in Sweden.
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December 12, 2012 - Russian commercial real estate investments Russia may reach $8.7 billion in 2012
Outlet: Banking and Stock Exchange, Finance, Economics
Investments in commercial real estate in Russia may reach $8.7 billion in 2012, Thomas Devonshire-Griffin, regional director of Jones Lang LaSalle (JLL). If the forecast comes true, the last year's record of $8.5 billion will be exceeded, JLL expects
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December 12, 2012 - U.S. giant Starwood raises £228 million in London IPO
Outlet: Daily Telegraph, The
U.S. hotel and real estate giant Starwood has defied the stock market gloom and raised £228.5 million in the U.K.'s second biggest initial public offering this year.
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December 12, 2012 - Tristan EPISO 3 Fund concludes acquisition of Birmingham’s “The Cube” within days of first closing
Outlet: Press Release
The EPISO 3 Fund advised by Tristan Capital Partners has acquired Birmingham's "The Cube" building from Aruna Projects.
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December 12, 2012 - Russell Investments' 2013 Global Outlook: Risk-on/risk-off scenario likely to continue amid modestly positive gains
Outlet: Press Release
Russell Investments' team of global investment strategists has released the firm's 2013 Annual Global Outlook, highlighting core expectations for capital markets as well as a point of view on six central issues for the coming year.
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December 12, 2012 - Lone Star bags German state assets for €1.1 billion
Outlet: Bloomberg News
U.S. private equity firm Lone Star has bought a mixed-asset portfolio from German state-owned property company TLG Immobilien for €1.1 billion.
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December 11, 2012 - Henderson German Logistics Fund buys first acquisition
Henderson Global Investors, on behalf of its German Logistics Fund (HGLO), has acquired a 19,000-square-meter distribution center in BAD Dürkheim, Germany from Gateway Real Estate AG. The purchase price has not been disclosed.
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December 11, 2012 - Board promotions at BNP Paribas Real Estate
Outlet: Property Week - Online
BNP Paribas Real Estate has promoted two of its board members to deputy managing directors.
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December 11, 2012 - Cushmans appoints Jones Lang LaSalle senior surveyor
Outlet: Place North West
Louise Hunter joins Cushman & Wakefield's asset management team in Manchester as a senior retail management surveyor.
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December 10, 2012 - Peakside Capital sold its Warsaw distribution center
Outlet: Press Release
Peakside Capital has sold the “Warsaw Distribution Centre” to CBRE Global Investors.
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December 10, 2012 - Cordea Savills acquires first two London Residential assets
Outlet: Press Release
Cordea Savills, the international property investment manager, has acquired the first two assets on behalf of its Prime London Residential Development Fund.
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December 10, 2012 - BCA Research hires Anthony McGough as chief strategist, global real estate strategy
Outlet: PRWeb - Online
BCA Research, has hired Anthony McGough as chief strategist, global real estate strategy.
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December 9, 2012 - IVG reveals plans for Italian fund platform
Outlet: PropertyEU - Online
Germany's IVG Immobilien is joining forces with Italian REIT Beni Stabili to launch a joint fund management plaform which will promote and manage fund products for Italian institutional investors from an office in Milan.
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December 7, 2012 - Rockspring announces final close of €700 million TransEuropean Fund
Rockspring Property Investment Managers has held a final closing for its TransEuropean Property Limited Partnership V.
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December 7, 2012 - Henderson hires Colin Throssell
Outlet: Europe Real Estate
Henderson Global Investors' Property Business has hired Colin Throssell as head of property treasury.
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December 6, 2012 - Tristan raised €170 million for European recovery fund
Outlet: PropertyEU - Online
Tristan Capital Partners has raised over €170 million of commitments in a first closing of its European recovery strategy fund.
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December 5, 2012 - Salans, SNR Denton and FMC Law firms to combine to form global real estate platform
Outlet: Press Release
Law firms Salans, SNR Denton and Fraser Milner Casgrain have agreed to combine to create a new global law firm, which will be known as Dentons.
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December 5, 2012 - AGI survey highlights euro-zone crisis as investors' top concern
Outlet: I&PE
The euro-zone debt crisis and fears over financial repression are the chief concerns for European institutional investors, according to Allianz Global Investors's survey Risk Monitor.
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December 5, 2012 - Unite sells £116 million of assets
Outlet: Europe Real Estate
Unite, the United Kingdom's leading developer and manager of student accommodation, has concluded the sale of four wholly owned properties for a combined total of £116 million.
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December 5, 2012 - Ivanhoé Cambridge acquires two London multiresidential properties
Outlet: Press Release
Ivanhoé Cambridge has acquired majority ownership interests in two multiresidential complexes, Peony Court and Chantrey House, respectively in South Kensington and Belgravia.
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December 4, 2012 - Heitman acquires Marynaska business park in Warsaw
Outlet: Press Release
Heitman, on behalf of Heitman European Property Partners IV, has announced the acquisition of Marynarska Business Park.
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December 4, 2012 - Land Secs takes control of €714 million U.K. leisure portfolio
Outlet: Property EU
U.K. REIT Land Securities is taking a controlling stake in a fund that owns 16 entertainment and recreational properties in the United Kingdom.
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December 4, 2012 - Corio signals €1.4b mall sell-of
Outlet: Property EU
European retail specialist Corio intends to dispose of about 20 percent of its shopping center assets, valued at €1.4 billion.
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December 3, 2012 - SL Green sells London office asset
Outlet: Press Release
SL Green Realty Corp. and its partner Westcore Properties today announced the sale of the Jersey Property Unit Trust that owns a long-term leasehold interest in Procession House, a Class A office building located at 55 Ludgate Hill in the City of London.
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December 3, 2012 - Host Hotels & Resorts acquires five hotels for €440 million
Outlet: PR Newswire
Host Hotels & Resorts has announced that the second fund of the company's joint venture in Europe acquired five hotels from Whitehall comprising 1,733 rooms in two countries for approximately €440 million.
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December 3, 2012 - Deka sells international business center in Warsaw for €148 million
Outlet: Property Mall
Deka Immobilien GmbH have acquired the International Business Centre, Warsaw, from the Accession Fund SICAV managed by GLL Real Estate Partners GmbH.
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November 30, 2012 - Norway Wealth Fund to spend $11 billion to U.S. real estate
Outlet: Bloomberg News
Norway’s $660 billion sovereign wealth fund, the world’s largest, plans to invest about $11 billion as it enters the U.S. real estate market.
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November 30, 2012 - Skanska invests $51 million in Seattle office project
Outlet: Swedish Wire
Skanska USA Commercial Development invests $51 million in the project Stone34 in Seattle.
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November 30, 2012 - New appointments at Savills and Knight Frank
Outlet: Irish Independent - Online
Charles Erwin has joined Knight Frank Ireland's country department as a country and residential property surveyor.
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November 29, 2012 - Norwegian Pension Fund purchases first Swiss property for $1.03 billion
Outlet: Press Release
Norway’s $650 billion oil and gas sovereign wealth fund, the Norwegian Government Pension Fund, has purchased its first Swiss property from Credit Suisse in Zurich for $1.03 billion.
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November 28, 2012 - Tag Immobilien buys into TLG Wohnen for €471 million
Outlet: SeeNews Germany
German real estate firm Tag Immobilien AG has signed an agreement with the Federal Republic of Germany for the takeover of the latter's shares in TLG Wohnen GmbH for €471 million ($611.6 million).
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November 28, 2012 - Dublin's largest hotel sold
Outlet: South West Business Insider - Online
The Burlington Hotel in Dublin has been sold to investment firm The Blackstone Group for €67 million.
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November 27, 2012 - Macquarie raises $500 million for U.K. projects
Outlet: FT.com
Macquarie Group, the Australian investment bank, has raised $500 million to invest largely in U.K. infrastructure projects.
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November 27, 2012 - London pension invests in residential properties
Outlet: 24dash.com
Islington Council is to invest cash from its pension fund into residential property in order to secure returns to build new homes.
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November 27, 2012 - Rockspring nears final close date
Outlet: Institutional Real Estate Newsline
U.K.-based Rockspring Property Investment Managers has a planned final close for its Rockspring TransEuropean Property Limited Partnership V on Dec. 5.
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November 27, 2012 - Billionaire Mori plans $1.2 billion real estate investments
Outlet: Bloomberg News
Japanese billionaire Akira Mori plans to buy as much as 100 billion yen ($1.2 billion) in properties in Tokyo, New York and London, his company’s first investment of this scale since 2008, as local real estate values recover and the yen strengthens.
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November 26, 2012 - Henderson acquires two shopping centers in France
Outlet: Europe Real Estate
Henderson Global Investors, on behalf of its German joint venture - Warburg Henderson, has acquired two shopping centers in France for a total amount of €151 million.
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November 25, 2012 - World's largest mall may cost Dh10 billion
Outlet: Gulf News - Online
The world’s largest mall to be built in Dubai could cost approximately Dh10 billion, according to some analyst estimates.The mall is expected to attract a mix of international retail brands from China, India and the Far East as well.
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November 22, 2012 - Beni Stabili joins forces with IVG for €400 million fund
Outlet: Investment Europe
Italy's Beni Stabili Gestioni SGR, the fund management company of Beni Stabili Group and German IVG have signed a joint venture to promote and manage fund products for Italian institutional investors.
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November 21, 2012 - Second Swedish National Pension Fund invests $325 million in American real estate
Outlet: AZoBuild - Online
The Second Swedish National Pension Fund is investing $325 million in the American real estate company, US Office Holdings. The company is jointly owned with the South Korean National Pension Fund, NPS, and an affiliate of the American real estate company, Tishman Speyer.
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November 20, 2012 - Mountgrange and Patron Capital buy £184 million portfolio from Henderson
Outlet: Press Release
Mountgrange Real Estate Opportunity Fund and Patron Capital (via its latest fund, Patron Capital IV), the specialist pan-European distressed asset investor, have jointly acquired a U.K. portfolio of 24 office, industrial and retail properties from H
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November 19, 2012 - Henderson sells U.K. properties to repay $265 million CMBS
Outlet: Bloomberg News - Online
Henderson Group's Caspar Property Fund sold its real estate to two buyout firms to repay approximately £167 million (US$265 million) of commercial mortgage- backed securities.
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November 19, 2012 - Morgan Stanley said to near $1 billion Moscow mall deal
Outlet: Bloomberg News - Online
Morgan Stanley is close to buying and expanding a Moscow shopping mall in a deal valued at more than $1 billion. The deal would be the second retail property purchase in Russia this year by funds it manages.
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November 15, 2012 - Allianz Real Estate purchases Platinium Business Park for €173 million
Outlet: Europe Real Estate
Allianz Real Estate Germany has purchased Warsaw's Platinium Business Park, in Poland from Globe Trade Centre for a total of €173 million (US$222 million).
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November 14, 2012 - Allianz Real Estate Germany buys Platinium Business Park for €173 million
Outlet: Press Release
Allianz Real Estate Germany, represented by international real estate adviser Savills, has purchased Warsaw’s Platinium Business Park, in Poland from Globe Trade Centre for a total of €173 million.
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November 5, 2012 - Land Securities acquires Manchester's Printworks leisure scheme
Outlet: Press Release
Land Securities has acquired The Printworks, central Manchester’s dominant leisure scheme for £93.9 million.
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October 31, 2012 - Union Investment acquires Manufaktura shopping center for €390 million
Outlet: Press Release
Hamburg-based Union Investment Real Estate GmbH has acquired the Manufaktura shopping and entertainment center in Łódź for €390 million.