Australian real estate investor and manager Cromwell Property Group has announced the sale of a 6-asset portfolio, including four office buildings and two unbuilt plots in the Helsinki Metropolitan area, to a fund managed by EAB Group.
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Allianz Real Estate has secured its first third-party client for its €3 bn Luxembourg-based debt vehicle, having received a commitment by German pension fund Bayerische Versorgungskammer (BVK) to take a €300 mln stake in a sub-fund alongside Allianz.
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Asset manager DWS has partnered with Societe Generale Corporate & Investment Banking to complete a €205 mln refinancing secured by the Défense Plaza office scheme in Paris’ La Défense.
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UK REIT British Land has written down the value of its retail portfolio by more than 25% due to the impact of the coronavirus.
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US investment firm Colony Capital has reportedly initiated a process with a view to disposing of its interests in Irish real estate, which it holds directly and indirectly.
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Europi Property Group, a value-add platform launched last year by former Blackstone executive Jonathan Willén and Brunswick Real Estate Ventures, has acquired a 12.3% stake in Capital Park, a major owner, operator and developer of high-quality office and mixed-use assets in Warsaw.
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Spanish tourist group Globalia has reportedly recruited Ernst & Young (EY) to sell its Be Live hotel platform in Spain.
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European property group Patrizia said on Wednesday that it has acquired a portfolio of seven healthcare assets in Germany, on behalf of Patrizia Social Care Fund III, for an undisclosed amount.
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Aberdeen Standard Investments (ASI) said this week that it is exploring the sale of its Nordic direct Real Estate business amid a real estate strategy review.
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Aviva Investors, the global asset management business of Aviva, has appointed Grégoire Bailly-Salins to the position of head of transactions for Continental Europe as it strengthens its pan-European real estate capabilities.
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LGIM Real Assets (Legal & General) has hired James Spencer-Jones from Cushman & Wakefield as its new head of Real Estate Debt, Europe, and established a new Private Credit Leadership Team as it looks to continue and grow its private credit business for the future.
