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Fortis suffers loss after € 1.2 bn writedown

Fortis, the Belgo-Dutch financial group, on Tuesday blamed 'persistently weak economic conditions and depressed stock markets' as it reported a fall in first-quarter operating profit. Net operating pr ...

Wall St bank in countersuit over LVMH

The battle between the world´s leading luxury goods group and one of Wall Street´s most powerful investment banks intensified on Monday as Morgan Stanley launched a € ...

Simon Property Group and Westfield America extend tender offer for TCO common shares until june 27

Simon Property Group, Inc. and Westfield America, Inc., the U.S. subsidiary of Westfield America Trust, today announced that they have extended their $20.00 per share all-cash offer for common shares ...

Interpolis Vastgoed buys shopping center Entre Deux

The institutional real estate party Interpolis Vastgoed (previously Relan) has signed a principal agreement with developers AM and 3W for the buying of the shopping center Entre Deux in Maastricht. Th ...

Kempen & Co sees new investors for real estate funds

Kempen & Co have noticed that funds such as Rodamco Europe, Corio and Wereldhave have gotten many new shareholders whom until now had never looked at Stock Exchange quoted real estate. The busines ...

Grontmij takes action in slumping economy

- Accelerated reduction in number of temporary staff - Adjusting portfolio - Restructuring business units in building and installation market Due to the economic recession, investments in the public ...

Exceptional high profit of € 341 mln for Oranje-Nassau Groep

The net profit of Oranje-Nassau Groep B.V. (energy, real estate and private equity) in Amsterdam in 2002 amounted to € 341.1 million compared with € 51.4 million in 2001. The ...

Victor Rijssen declares the offer for VolkerWessels unconditional

Victor Rijssen B.V. ('Victor Rijssen') and Koninklijke Volker Wessels Stevin nv ('VolkerWessels') announce that Victor Rijssen declares the public offer (the 'Offer') for all outstanding (depository r ...

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