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Final results 2008/09: difficult financial year for IMMOFINANZ AG (DE)

IMMOFINANZ AG is looking back on a very challenging financial year (May 1, 2008 to April 30, 2009. The reasons for this are, on the one hand, the worldwide financial and economic crisis, which has cau ...

Restructuring in the real estate sector clear sign of key lessons learned (UAE)

A.T. Kearney, a leading global strategic consulting firm, in a recent study concluded that the awaited consolidation wave in the real estate industry in the UAE and GCC has started. Developers demonst ...

Westdeutsche ImmobilienBank increases net interest income and new business in first half of 2009 (DE)

Westdeutsche ImmobilienBank AG(WestImmo) can look back on a successful first half of 2009. The bank achieved net interest income of €86.9 mln. in the first six months of the year, after €84.4 mln. i ...

LaSalle Investment Management announces Global CEO relocation to Asia

LaSalle Investment Management ('LaSalle') has today announced that Jeff Jacobson, CEO will relocate to LaSalle's Asia headquarters in Singapore effective January 1, 2010.Announcing these changes, Jeff ...

Start of construction at Holzhalbinsel Rostock (DE)

Delta Immobilienentwicklung is starting construction at Holzhalbinsel in Rostock. After elaborate studies and the development of a clearly-defined concept, the city of Rostock and the international pr ...

Dutch property investment activity doubles in Q2 2009 (NL)

The Dutch real estate market saw investment activity almost double in the second quarter of 2009 compared to the previous quarter, suggesting that investor interest is returning to The Netherlands, ac ...

PRIMARK takes over former location of SinnLeffers in Frankfurts NordWestZentrum (DE)

Irish-British fashion company PRIMARK is to take over the former location of SinnLeffers in Frankfurt's shopping centre NordWestZentrum. The space totals approx. 7,200 m² and is set to open end of 20 ...

BWG Homes Group: Improved sales, increased order backlog and positive cash flow (NO)

BWG Homes Group's operating revenues for Q2 2009 amounted to NOK 667 million. This is a reduction of 28.8% in relation to Q2 2008. Operating profit (EBITDA) was NOK 65 million, a reduction of 44.3%. T ...

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