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Taubman Centers sets the record straight

Taubman Centers, Inc. today set the record straight through a presentation it posted on the investor relations section of its web site, www.taubman.com, regarding numerous and repeated misleading stat ...

US office market showing early signs of stabilizing

Although the US office market has experienced its seventh consecutive quarter of negative absorption, the amount of space being added to the market has slowed substantially, an early sign that absorpt ...

Eurocommercial Properties N.V. buys French and Swedish shopping centres

Eurocommercial Properties NV announced today that it has entered into contracts to acquire the first two of its planned purchases for the 2002/3 financial year: Centre Commercial Les Trois Dauphins, G ...

DIM Vastgoed sells shopping center

DIM Vastgoed NV sold shopping center ´Ramblewood Square. As the sale price was well above the book value, this divestment will provide a positive contribution of 0.7% to the indirect investm ...

VastNed subsidiary Foram buys retail portfolio in Portugal

Foram, responsible for the retail investments of VastNed Retail in southern Europe, has made its first purchase in Portugal. In a sale and leaseback transaction, nine shops have been acquired of the o ...

Euro-zone annual inflation up to 2.3%

EU15 up to 2.1%Euro-zone annual inflation rose from 2.1% in September 2002 to 2.3% in October1 2002, Eurostat – the Statistical Office of the European Communities in Luxembourg – reports ...

Sumitomo Realty to write off YEN 100 bln (US$ 835 mln) property loss

Sumitomo Realty & Development Co. has decided to write off some YEN 100 bln in valuation losses on its land and other fixed assets in the period through to March 2004. Related extraordinary losses ...

KPN Telecom about halfway in its real estate divestments

KPN Telecom announced in 2001 that it would divest substantial real estate assets. Two years ago the company used some 1.1 mln m2 of office space, of which it rented some 600,000 m2. During the past t ...

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