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Banimmo sells office building in Brussels, new bank financing agreement (BE)
stock

Banimmo signed the sale of 100% of the shares of the company Alma Court Invest to an institutional investor. The transaction will be closed and the sale price paid at the end of September ...

Niam Nordic Fund IV in global top 5% of the highest ranked funds (NO)
buildings

All properties in Niam Nordic Fund IV have been fully developed and divested. Thereby, Niam closes out its fourth fund with strong results. Nam IV has delivered returns that place the fund among the ...

Ireland gave illegal tax benefits to Apple worth up to €13 billion
ireland

The European Commission has concluded that Ireland granted undue tax benefits of up to €13 billion to Apple. This is illegal under EU state aid rules, because it allowed Apple to pay ...

pbb Deutsche Pfandbriefbank provides €59m to Heitman’s residential real estate fund (DE)
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pbb Deutsche Pfandbriefbank has provided a financing in the aggregate amount of €59 million to Heitman European Residential Investment Partners. The funds will be used to refinance an existing ...

Deutsche Hypo finances €68.6m residential portfolio (NL)
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Deutsche Hypo finances the purchase of the “Granite” residential portfolio for a real-estate company managed by the PATRIZIA Group in the Netherlands. The financing volume amounts to ...

Norges Bank reports, Government Pension Fund returned €12.6m (NO)
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The Government Pension Fund Global returned 1.3 percent, or €12.6m (DKK 94bn) in the second quarter of 2016. Equity investments returned 0.7 percent, while fixed-income investments returned 2.5 ...

Post-Brexit UK property decline indicates signs of recession, says MSCI (GB)
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MSCI Inc. (NYSE: MSCI) has recorded a negative total return and capital value decline in UK property in July, as indicated in IPD UK Monthly Property Index. The total return in July fell to -2.4%, ...

Bank of Russia closures could mean 70,000-100,000m² of vacated space (RU)
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Colliers International has analysed the impact of the mass recall of bank licenses by Bank of Russia in the street retail sector. Because of the regulation, 517 bank branches have closed in Moscow, ...

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