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Beni Stabili full year net profits rise to 62.1m (IT)

Beni Stabili SpA said its full year net profit rose to €62.1 mln from 61.5 mln, underpinned by higher profits from property sales. Profits from property sales rose 66 pct to 63.4 mln eur, while r ...

Grainger Trust makes recommended 58.5m cash offer for City North Group (UK)

Grainger Trust plc made a recommended cash offer of 270 pence a share for City North Group plc, valuing it at about £58.5m. City North shareholders may choose a partial share alternative of 180penc ...

Heijmans simplifies and strengthens its capital structure (NL)

Heijmans has the intention to cancel its cumulative financing preference shares A (Preference Shares A) not later than January 1, 2006 (dividend reset date). In order to finance the cancellation Heijm ...

Another good year for Corio (NL)

Corio again achieved excellent financial results in 2004, even relative to 2003, which was already a very good year. Financial results The direct investment result increased with € 20.0 million t ...

Hypo Real Estate Bank International completes 120 million re-financing for Dunedin Property on two shopping centers in Chatham and Stretford (DE)

Hypo Real Estate Bank International announces that it has provided £120 million (€173.3 million) of term financing to assist Dunedin Property in restructuring its ownership of shopping centers ...

Minerva and Lend Lease Europe form joint venture for Croydon retail development (UK)

Minerva plc, the property investment and development company, has confirmed it has agreed terms with Lend Lease Europe Ltd for the development of Park Place, Croydon, UK. The in-principle agreement ...

House of Fraser buys Jenners retail business for 46.1m cash (UK)

House Of Fraser plc said it has reached agreement for the £46.1m cash purchase of the retail business and assets of Jenners, Princes Street, Edinburgh Ltd. In addition, House of Fraser is assuming ...

First French real estate acquisition for the Luxembourg fund PPP (LU)

PARISIAN PROPERTY PARTNERS (PPP), a commercial property fund based in Luxembourg with Irish investors, has acquired its first property in France. The property is located near Paris at Bièvres (Esso ...

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