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Deutsche Telekom records considerable successes in debt reduction with sales of real estate

Proceeds of EUR 1.7 billion from real estate sales in 2002Deutsche Telekom AG generated proceeds totaling EUR 1.7 billion from sales of the GroupÂ's real estate in 2002. EUR 0.7 billion was realized ...

NCC sells property-development project in Helsinki

NCC Finland Oy reached an agreement on Monday to sell the third and final phase of its Business Park Airport Plaza property-development project in Helsinki. The buyer is the Finnish real estate group ...

Dredging company BHD entirely in Royal BAM Group ownership

Royal BAM Group reports that the one-third interest in the dredging company Ballast Ham Dredging (BHD) has been acquired from Ballast Nedam nv. As already stated at the time of the announcement of thi ...

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 ...

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