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Canary Wharf´s Reichmann faces resignation threat

Paul Reichmann could be forced to resign as executive chairman of Canary Wharf PLC if no bids for the Docklands property company emerge, The Sunday Telegraph reported citing senior members of the boar ...

Good results for Nieuwe Steen over first 9 months

Nieuwe Steen Investments booked good results over the first three quarters of 2003. Direct investment result per share increased 2% to EUR 1.02 (2002: EUR 1.00). Direct investment result increased wit ...

Swedes´ rejection of the Euro will cost Rodamco Europe 7 million

Swedes´ decisive rejection of the euro single currency will cost Rodamco Europe 5 to 7 million. Despite this, Rodamco Europe will continue to expand in Sweden. Financing Swedish shopping ce ...

Aareal Bank finances logistics centres in compliance with Islamic Sharia law

Aareal Bank has financed the acquisition of four British logistics centres for one of the property funds managed by Kuwait Finance House, one of the largest Islamic banks. The overall volume of the pa ...

Property sector lifted by Deutsche bank

Shares in British Land, Hammerson and Slough Estates could get a lift in opening deals after Deutsche bank lifted its ratings on the trio to ´buy´ from ´hold´ a ...

Canary Wharf deal jeopardised by price cut

LONDON (AFX) - Banks bidding for Canary Wharf, including Morgan Stanley and Goldman Sachs, are set to further cut the price they are prepared to pay for the docklands development complex, The Observer ...

DIFA selects Heron Tower architect for Bishopsgate scheme

The architect of the Heron Tower in London´s City area, Kohn Pedersen Fox, has been picked by German open-end fund manager, DIFA, for its Bishopsgate tower scheme. It has also been revealed ...

Ashtenne buys Netherlands warehouse for £8m from Hays

Ashtenne Holdings PLC, the property investment and active management company, said it bought a 550,000 square foot logistics warehouse in Amersfoort, near Utrecht, in the Netherlands, for 8 mln stg fr ...

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