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5th Avenue New York remains most expensive retaillocation

5th Avenue in New York is still the most expensive shoppingstreet in the world, followed by the Champs Elysees (Paris) and Causeway Bay (Hongkong). The locations Preciados in Madrid and Na Prikope/Wen ...

IVG Immobilien AG receives Anti-trust approval for takeover of Polar

Following the granting of approval by the German, European and Finnish anti-trust authorities, IVG Immobilien AG exercised its right to acquire 71.42% of the Polar Real Estate Corporation on 31 Octobe ...

Rodamco Europe net profits up 11% to € 232 million in first nine months 2003

Highlights first nine months 2003: Net profits up 11% to € 232 million (3Q2002: € 209 million); EPS of € 2.59 (3Q2002: € 2.60 / € 2.57) ...

Morgan Stanley to make Canary Wharf bid this week

A formal bid for Canary Wharf Group PLC by a consortium led by US investment bank Morgan Stanley could emerge by the end of this week, according to sources close to the negotiations. Yesterday, the in ...

Redevco sells German department stores to HFS

Redevco Germany has sold a portfolio with 10 C&A department stores in Germany for approx. € 80.3 mln. to H.F.S. Hypo-Fondsbeteiligung fur Sachwerte GmbH, a 100% subsidiary of Hypovere ...

Eurocommercial Properties N.V. acquires shopping centre in Bologna and announces scrip issue price

Eurocommercial Properties N.V. (“ECP”) has contracted to acquire the retail gallery of Centro Lame in Bologna, Italy from IGD (major shareholder Coop Adriatica) at a price of ...

Research Cushman shows that Italy is in the lead in shopping center development

Of all the European countries, Italy currently has the most square meters in development with regard to shopping centers. In 2003 and 2004 almost 900.000 m² of shopping center space will be dev ...

Canary Wharf mulls two bids as Canada´s Brascan lands offer

Independent directors of Canary Wharf, the London Docklands office development, are mulling two bids for the group after Canada´s Brascan tabled a last-minute offer, according to industry sourc ...

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