All Property Week articles in 3 March 2017
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AEW beats €400m target for European retail fund
AEW has raised more than €415m of equity from several international institutional investors for its Europe City Retail Fund – exceeding the fund’s initial target of €400m.
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European funds record uptick in returns in final quarter of 2016
Pan-European property funds delivered a net fund return of 2.3% in the last quarter of 2016, according to the IPD Pan-Europe Quarterly Property Fund Index.
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Capital targeting global real estate falls for first time since 2011
The amount of new capital available for global real estate investment has dropped by 2% on 2016 levels – the first drop since 2011, according to Cushman Wakefield’s Great Wall of Money report.
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PATRIZIA forecasts AUM growth
PATRIZIA Immobilien has forecast that it will grow assets under management by €2bn this year and that profit growth will be restricted by investment in fund raising.
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RICS mulls action on dual agency outside the UK
The RICS has revealed that it will review the controversial practice of dual agency, otherwise known as double-dipping, outside the UK after moving to ban it in this country.
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Queensgate acquires Generator Hostels for €450m
Queensgate Investments Fund II has acquired Generator Hostels from Patron Capital and Invesco Real Estate in a €450m (£393m) deal.
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Intu shares fall
Shares in Intu Properties fell 1.69% on Friday as a survey found UK high street retailers saw their worst February since 2009, as rising inflation pinched on consumer spending.
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Befimmo brings in Beobank as first Quatour pre-let
Befimmo has signed an agreement with Beobank on the occupancy of a tower of 236,806 sq ft in its Quatuor project in Brussels.
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Countrywide shares drop
Shares of Countrywide plunged 3.84% on Thursday after the firm reported pre-tax profit falling by 59.1% to £19.5m in 2016, from £47.7m in the previous year.
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Lendlease picked for £2bn Haringey regen
Haringey Council has confirmed Lendlease as the preferred partner for the Haringey Development Vehicle (HDV), which will see thousands of new homes built in the borough.
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Sovereign Centros and Orion reveal Wakefield leisure plans
Sovereign Centros, the UK retail and leisure developer and asset manager, and Orion Capital Partners, have submitted a planning application for a leisure extension at Trinity Walk in Wakefield.
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Smith signs with Thor as AM exec
Thor Equities has poached James Smith from Atrium European RE to become its new executive director for asset management, Property Week can reveal.
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Profits at BNP PRE hold firm
BNP Paribas Real Estate has held profits steady in 2016 while recording a slight increase in revenue.
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Savills IM makes first Irish acquisition
Savills IM has made its first acquisition in Ireland buying a Dublin shopping centre for €43m on behalf of its European Retail Fund.
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Barings undertakes transactions volume total £12.59bn in 2016
Barings Real Estate Advisers have revealed plans for an “active” 2017 after it announced it had undertaken $15.3bn (£12.59bn) transactions in 2016.
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Cairn to float in Dublin following revenue leap in 2016
Irish housebuilder Cairn Homes has revealed it is seeking a primary listing on the Irish Stock Exchange.
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Secure Income posts strong full-year figures
Secure Income REIT has reported a 14.4% rise in net asset value (NAV) per share and a huge 330% rise in earnings per share for the year to 31 December 2016.
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CapReg NAV down as pre-tax profits rise
Capital Regional’s net asset value (NAV) per share fell during 2016, the retail property group has revealed in it’s annual results to the end of December.
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New lettings at L&G’s Grosvenor centre
LGIM Real Assets (L G) has announced a string of new lettings at the Grosvenor Shopping Centre in Northampton, including Superdry and The Entertainer.
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EDG reveals plans for Coventry mixed use scheme
EDG Property has submitted plans for a 140,000 sq ft office, retail and residential development in Coventry city centre.