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SNS REAAL posts net profit of €42 million (NL)

"The first quarter net profit of €42 million compares well with the €4 million loss reported over the first quarter of 2009 and also represents an improvement on recent quarters. Solvency ratios rem ...

Hines announces start of construction on residential tower in Warsaw (PL)

The Warsaw office of Hines, the international real estate firm, announced today that construction has begun on Twarda 2/4, a 43-story residential tower with 274-units, located at the center of Warsaw ...

GCC to spend $1.17 billion on hotel projects this year (UAE)

Regional hospitality industry continues to spend heavily on hotels during 2010 despite turbulent global economy, say organisers of The Hotel Show.According to a new study, cash expenditure in the GCC ...

Oberschneider and Satnam secure €50 million loan in Estonia (EE)

Real estate developer Paul Oberschneider, with joint-venture partner Satnam Europe, today secured the largest retail refinancing in the Baltic region, securing a €50 million loan on their Estonian re ...

UK Green Building Council welcomes plan to cut emissions by 10% but warns this is just the start (UK)

The UK Green Building Council today welcomed Government's plans to cut emissions from central government departments by 10 per cent but warned that a comprehensive strategy for reducing emissions acro ...

Open-ended real estate fund industry presents joint reform proposals (DE)

The open-ended real estate fund providers represented by the German Investment and Asset Management Association (BVI) have put forward joint proposals to improve and enhance the long-term prospects of ...

Colliers International to lease, market and manage the first Business Park in Albania (AL)

Colliers International signed an important long term investor representation agreement with a German development company based outside of Munich, Lindner Development. Colliers will be engaged in provi ...

Pan-European Index shows modest capital depreciation, says IPD (EU)

European commercial property delivered a much improved euro-denominated total return of 3.7% last year, according to the IPD Pan-European Annual Property Index, compared to -11.4% in 2008. Stripping o ...

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