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Aedes sells stake in Aedilia Vic to French pension fund (IT/FR)

Aedes and CDC Group respectively sold their 16.67% and 16.66% stake in Aedilia VIC to Union Mutuelle des Retraite (UMR), institutional French pension fund. This disposal is part of Aedes’ strategy t ...

Inmobiliaria Colonial appoints former Repsol YPF chairman Cortina to board (ES)

Inmobiliaria Colonial SA said it has appointed former Repsol YPF SA chairman Alfonso Cortina to its board of directors to replace Salvador Gabarro Serra.The move is widely seen as a prelude to Cortina ...

Hammerson and Multiplex Join Forces to Advance Cricklewood Scheme (UK)

Hammerson plc and Multiplex Group have joined forces to advance proposals for the regeneration of Cricklewood, North London, following Multiplex Group’s purchase of Pillar Property’s interest in C ...

Fastighets AB Tornet: sale of Malmstaden has been completed (SE)

On 17 September, agreements were signed on sale of the subsidiary Malmstaden. All transactions have now been completed. The transactions included 128 properties with a total lettable area of 580,400 s ...

Ahold completes sale of its Spanish retail activities (ES)

Ahold today announced it has successfully completed the sale of its Spanish retail activities to the Permira Funds. Ahold and Permira announced the transaction on October 3, 2004. The closing was subj ...

Karstadt faces big rent loss provisions (DE)

KarstadtQuelle, the ailing German retailer, will be forced to make provisions of about €100m ($132m) for anticipated losses from the rental of outsourced real estate assets. KarstadtQuelle sold the ...

Rodamco Asia sold Indonesian subsidiary (Asia)

Rodamco Asia N.V. has announced that it has sold all the shares in Rodamco Indonesia B.V. which owns a retail property in Jakarta.The transaction was made with a Singapore company, DS Global Holdings ...

RICS Netherlands has 8 new members (NL)

RICS Netherlands has chosen 8 new members after its final assessment. They will become Professional Member of the RICS and therefore may put the title MRICS after their name. RICS Netherlands is the D ...

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