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IVG Immobilien AG acquires a property portfolio in Helsinki (DE/FI)

Polar Real Estate, the Finnish IVG Immobilien AG subsidiary, has acquired a property portfolio consisting of ten office buildings in Helsinki for EUR 63 million. The portfolio rental area is 63,000 m ...

ProLogis plans regeneration of Hayes MoD site (UK)

ProLogis has submitted a planning application to develop a mixed-use scheme on a 35-acre former Ministry of Defence site in Hayes, Middlesex.The proposals envisage 613,548 sq ft of warehousing, office ...

Slough out of the running for Newbury retail scheme (UK)

Slough Estates has dropped out of the race to develop a 270,000 sq ft retail scheme in Newbury, Berkshire. The decision comes as part of an increased focus on industrial property, and the sale of the ...

FCC's net profit up by 22,1% in H1 2004 (ES)

The consolidated net revenues of Fomento de Construcciones y Contratas, S.A. (FCC) during the first half of the year were € 3,035 million, an increase of 4.2% over the same period last year.The incr ...

Chelsfield confirms takeover approaches (UK)

Chelsfield Chairman, Elliott Bernerd, has confirmed that approaches have been made to buy the company, with the Australian developers Multiplex and Westfield understood to be in the frame.Multiplex wa ...

AM posts lower H1 2004 result owing to planning delays (NL)

Dutch developer AM NV saw the operating result fall by 45% to €27.4 million in the first half of 2004. The operating margin (operating result as a proportion of operating income) for the first half ...

Westfield merger creates the world´s largest retail real estate company (AU)

Westfield Holdings, Westfield Trust and Westfield America Trust recently completed their three-way merger to create Westfield Group, the world´s largest retail real estate company.The merger ...

Christian de Kerangal to rejoin IPD France (FR)

From 1 October, 2004 Christian de Kerangal will rejoin IPD France as assistant General Manager. He will develop the division ‘Users’ (OPD services to mesure the efficiency of the real estate devel ...

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