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Lehman in $630m Tornet bid

Lehman Brothers Real Estate Partners and the investment group Ratos yesterday launched a SKr4.9bn ($630m) cash bid for Tornet, the listed Swedish property company, in what is potentially the country&a ...

Amsterdam is fifth Business City in Europe

The position of Amsterdam as European Business City is threatened. This can be concluded from the European Cities Monitor 2003 by real estate advisor Cushman & Wakefield. For the monitor 501 Europ ...

Open-end funds have € 3.7 bln. worth of Dutch real estate

The 19 largest German open-end funds own € 3.7 bln. of real estate investments in the Netherlands. This represents almost 7% of the total real estate portfolios of these funds. Almost hal ...

ING reaches agreement in principle with Baring Private Equity Partners for management buy out

ING has reached an agreement in principle with Baring Private Equity Partners (BPEP) for a management buy out. BPEP has USD 2 billion of private equity funds under management, including USD 360 millio ...

Rodamco Europe N.V. launches €400,000,000 Revolving Credit Facility

Rodamco Europe has appointed ABN AMRO and Citigroup as mandated lead arrangers for a new €400,000,000 multicurrency revolving credit facility. ABN AMRO and Citigroup act as joint-bookrunn ...

Rodamco Asia’s first half net profit grew 7.5% to Eur 15.8 mln; total performance was Eur 30.4 mln

Rodamco Asia NV (‘RA’ or the ‘Company’) announced today that its net profit for the first half of financial year 2003/ 2004 (1 March 2003 ââ ...

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 ...

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