BNP Paribas Real Estate has been appointed to an exclusive real estate adviser role by Proximus, a major telecommunications firm in Belgium, as part of real estate restructuring relating to its headquarters in Brussels.
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German listed commercial property landlord Deutsche Mittelstand Real Estate (Demire) said on Thursday that it has taken advantage of strong demand from various investors to sell a total of 13 properties in seven transactions since July.
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M7 Real Estate, the pan-European investor and asset manager specialising in multi-tenanted property, has been awarded an advisory position helping Croatia’s largest pension fund, AZ, diversify into real estate for the first time.
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Alternative Income REIT said that an offer by peer Glenstone Property to acquire a 25% stake significantly undervalues the company, adding that the group is ‘well positioned to pursue its proposed enhanced strategy’.
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Portuguese private equity real estate investment and asset management firm Bondstone has announced plans to develop two residential projects in Porto and Cascais for a total investment of €50 mln.
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UK regeneration specialist Urban Catalyst has launched a new sister company that will focus on development opportunities in the UK and across Europe.
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CLS has unconditionally exchanged contracts to sell Bismarckallee 18-20 in Freiburg for €22.5 mln excluding costs, with completion expected in December 2020.
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Troubled UK property services group Countrywide has announced a £90 mln (€100 mln) recapitalisation by Alchemy Partners, a private equity company that specialises in investing in distressed and undervalued or underperforming businesses.
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Investors are warning that Germany may not escape a fall in office capital values in the next 12 months, despite the current very strong demand for assets there.
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Henley, the global private equity real estate investor, has made a further move into the retail sector with the purchase of Regent Retail Park in Salford, Manchester, following the acquisition last year of a 100,000 sq ft Tesco superstore in Hayes, West London.
Europe’s designer outlet group, McArthurGlen announced on Wednesday that its long-serving CEO, Julia Calabrese, will assume the new role of Vice Chairman, with Susie McCabe and Joan Jove succeeding her as co-CEOs.
