Mike Cobb
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Favieres to head Cornerstone Madrid office
Cornerstone Real Estate Advisers Europe has poached Adolfo Favieres from HIG to head its new office in Madrid.
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New board at Cyril Leonard
Property consultant Cyril Leonard has converted from partnership to a limited company, adding four new directors
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Big agents turn in big revenue growth
CBRE and JLL posted double-digit growth in the third quarter of 2015, with Europe the best performing region for both businesses.
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QE pushes insurers to boost debt exposure
European quantitative easing will encourage insurers to increase their exposure to real estate debt as they take on more risk to maintain profit margins, according to BlackRock research.
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Finance news in brief
Knight Frank Investment Management has more than doubled its assets under management in the past three years to £1bn.
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Failed MBO prompts Union takeover
Guernsey-based lender Real Estate Debt Securities has taken control of retail investor and hotel development firm Union Hanover Group following the collapse of a management buyout.
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Blue Fin building sold
Oxford Properties and Temasek have confirmed their purchase of the Blue Fin building, SE1, for £415m from Time Inc.
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Schroders banks on Europe with new REIT
Schroders is launching a new REIT concentrating on continental Europe.
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Chinese debt search takes flight
Chinese conglomerate HNA Investment Holding is looking for a substantial debt package to finance its £215m purchase of Thomson Reuters’ London headquarters at 30 South Colonnade, E14.
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SocGen ties Apollo’s ribbon with hotel funding
Apollo Global Management has selected Société Générale to finance its acquisition of a major portfolio of Holiday Inns.
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UKCPT adds 1.4% to portfolio value in third quarter
UK Commercial Property Trust has increased its NAV by 0.8% over the third quarter of 2015
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Liverpool ONE banks £400m refi
Three new lenders have joined a club of five banks to refinance the £900m Liverpool ONE shopping centre