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Pirelli & C. Real Estate take a 20% stake in Marzotto Group vehicle, owner of property development a

Framework agreement for concentration of the property development areas from the Pirelli & C. Real Estate, Marzotto and Olivetti-Telecom Italia Groups, for over 3.6 millions square metres and valu ...

Hammerson buys Railtrack property unit

Property firm Hammerson Plc said on Friday it had bought a real-estate unit from the remnants of BritainÂ's collapsed railway operator Railtrack Group, now known as RT Group, for 63 million pounds ($ ...

Westfield America trust expands U.S. portfolio

Following the announcement in October, Westfield America Trust (ASX: WFA) announced today that it has completed the transaction to acquire a 50% interest in Fashion Square Sherman Oaks for US$67 milli ...

Deutsche Bank completed sale of US consumer financing businesses

Deutsche Bank AG and E*TRADE Group, Inc., through its E*TRADE Bank unit, have completed the sale of the consumer financing businesses of former Deutsche Financial Services (DFS), St. Louis, yesterday. ...

Drop in office space rentals in France

Institutional investors see no improvementAccording to a study by the La Tribune, there has been a dramatic drop in new office space rentals during 2002 compared to pervious years. In 2000 total new o ...

Institutional property investment reaches record levels

The third quarter of 2002 saw a massive surge in institutional property investment in the UK, according to new data from the Office for National Statistics. Insurance companies and pension funds were ...

Amsterdam Airport Schiphol posts substantial increase in November passenger and cargo volume

In November 2002 Amsterdam Airport Schiphol welcomed 8.9% more passengers than in the previous month last year, i.e. over 2.9 million. The significant increase can be attributed to the fall in passeng ...

Jones Lang Sees $300,000 Gain From JV Interest Purchase

Jones Lang LaSalle Inc. said it will most likely realize a gain in 2002 of $300,000 from its acquisition of a minority interest in Jones Lang LaSalle Asset Management Services.In a filing Monday with ...

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