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Pillar and its affiliate sell three retail parks and buy one (UK)

Pillar Property Group plc said its affiliate, the Hercules Trust Unit, has sold its 100% stake in Fosse Park, Leicester for £308m.The retail park, which was bought by Hercules in 2001, has been sol ...

Skanska to develop, build and lease new premises in Flemingsberg (SE)

Skanska will be responsible for a total solution including pre-engineering, construction, operation and maintenance of the new courthouse for the Södertörn District Court in Flemingsberg, south ...

Sacyr to book €148m gain from BBVA stake and options sale (ES)

Sacyr Vallehermoso SA said it expects to book a €148 mln capital gain from the sale of its option on a 3.1% stake in Banco Bilbao Vizcaya Argentaria SA (BBVA) and its existing 0.471% of the bank. ...

INREV publishes Consultation Release as precursor to inaugural INREV European Property Fund Performa

INREV, the European Association for Investors in Non-listed Real Estate Vehicles, yesterday published its Consultation Release as a precursor to the launch of the 2004 INREV performance index at INREV ...

IVG acquires office property in London for €154 million (DE/UK)

IVG ImmobilienFonds GmbH has acquired the office property 'Riverside House' from a group of international investors for €154 million. Private investors can participate in the high-profile central ...

Macquarie CountryWide Trust secures unique investment opportunity (AUS/US)

Macquarie CountryWide Trust has announced it will raise A$843 million to purchase a US$2.79 billion portfolio of shopping centres in the US with joint venture partner Regency Centers (Regency). The tr ...

Commerzbank 2004 financial statements (DE)

In the 2004 financial year, the Commerzbank Group made great progress, raising its operating profit by 87% to €1,043m. This translates into an operative return on equity of 10.2%. In the final q ...

´Topping out´ for Foster and Partners designed Hearst Tower, NY (US)

The Hearst Corporation´s 46-storey headquarters office tower was ´topped out´ last week in the presence of the Governor of New York State, George E Pataki and New York Ci ...

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