All International articles – Page 6
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News
More agents cut ties with Russian partners
Five of the world’s biggest property consultancies have severed ties with their Russian partners as the situation in Ukraine continues to deteriorate.
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Amazon shutters 4-star shops
Online retailer Amazon is closing its two ‘4-star’ shops in the UK, as well as the equivalent and other bookstore formats in the US.
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Tomb Raider founder expands proptech firm into Europe
Property management software provider Spike Global, set up by the mastermind behind Tomb Raider, has expanded into Germany, Property Week can reveal.
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Hines preps third European value-add fund with €1.5bn target
Hines intends to launch its third European value-add fund with a €1.5bn target.
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Savills IM hires European living research head
Savills Investment Management (IM) has hired Adam Alari as Head of European living research.
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Wells Fargo hires HSBC’s European real estate finance head
Wells Fargo has hired Nicola Free, HSBC’s European head of real estate finance, in a bid to expand its commercial real estate finance business in Europe.
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GCP Co-Living REIT halts £300m IPO of The Collective’s former assets due to ‘Ukraine events’
GCP Co-Living REIT has halted its £300m initial public offering (IPO) of the assets of the collapsed co-living brand The Collective “in light of the events in Ukraine over the last 24 hours”.
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CBRE ‘significantly outperforms’ pre-Covid peak
CBRE has boasted a “strong finish” to 2021 in which it “significantly outperformed” both the final quarter of 2020 and the pre-pandemic peak in the final quarter of 2019.
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Co-living group DoveVivo acquires Altido
Italian co-living firm DoveVivo has acquired Altido, a short-term property management group in Europe.
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Fears mount over the escalating situation in Ukraine
Fears were mounting this week over the escalating political situation in Ukraine as the UK government imposed a raft of sanctions against Russia that could have major ramifications for the UK property industry.
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CLS Holdings buys Dusseldorf office building from alstria office REIT for €25m
CLS Holdings has unconditionally exchanged contracts to acquire a 98,684 sq ft office building in Dusseldorf for €25m, around £20.9m, from alstria office REIT-AG.
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Insight
Will China slowdown affect the UK?
China is home to 1.4 billion people, a major producer and consumer of goods and commodities and a leading engine of global economic growth. Clearly, what happens in mainland China matters.
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Westmount partners with Ares on 6.1m sq ft US industrial deal
Dallas-based commercial real estate company Westmount Realty Capital has partnered with a fund managed by the Real Estate Group of Ares Management Corporation to recapitalise a 51-asset industrial portfolio totaling 6.1m sq ft in Chicago and Milwaukee.
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Europa Capital promotes Lynn Smith to head of sustainability and development
Pan-European real estate investment manager Europa Capital has promoted Lynn Smith to the new role of head of sustainability and development.
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Round Hill Capital multi-family fund raises £117m
Round Hill Capital’s European multi-family fund has secured €140m (£117m) in additional capital from German and Japanese investors, taking its total size up to €340m.
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PGIM Real Estate European debt fund closes at £1.53bn
The seventh fund in PGIM Real Estate’s European flagship high-yield debt fund series, PGIM Real Estate Capital VII (PRECap VII), has closed at €1.82bn (£1.53bn).
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News
Helios to build Croatian warehouse
Quattro Logistics has commissioned Helios Real to build Hall 5 at Zagreb Logistics Park, Zagreb, Croatia, following a letting to Cat Logistics, which is taking a new 10-year lease on the 34,000 sq ft logistics warehouse.
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CBRE IM to buy £3.6bn warehouse portfolio in US and Europe
CBRE Investment Management has purchased a 57-asset, 28.4m sq ft portfolio of logistics properties in the US and Europe, valued at approximately $4.9bn (£3.6bn).
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Selfridges sold to Central Group and Signa Holding
Selfridges has been sold to a Thai investment group and an Austrian-owned real estate company, in a deal estimated to be worth £4bn.
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LaSalle acquires FedEx logistics property in Paris
LaSalle has acquired FedEx Alfortville, a cross-docking warehouse facility located in an urban logistics hub on the outskirts of Paris.