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European Central Bank launches international architectural competition

The European Central Bank (ECB) has launched an international urban planning and architectural design competition for its new premises. The purpose of this competition is to identify the best design c ...

WCM Group: decline of capital markets affects overall result

· EBITDA for the first nine months EUR 40,6 million · Considerable improvement of result situation expected for 2003The WCM Group is posting an EBITDA of EUR 40,6 million for the first nine mon ...

Heijmans takes over Belgian project developer Himmos

Heijmans N.V. (construction, property development and related activities) has finalised the take-over of Himmos N.V., a project development company in Antwerp (Belgium). The take-over was funded with ...

Cendant completes acquisition of Budget Group

Budget and Avis brands make Cendant the largest car rental operator in the worldCendant Corporation announced Friday that it has completed the purchase of substantially all of the assets of Budget Gro ...

HVB aiming at 100% stake in HVB Real Estate

HVB is taking the next step toward combining its real estate financing operations in a new group. The bank plans to increase its current equity interest of 96.91% in HVB Real Estate Bank AG to 100%.To ...

SEB ImmoInvest increased its fund to EUR 3.15 bln

The open-ended real estate fund SEB ImmoInvest increased its fund to EUR 3.15 bln during the first six months of this year, compared to EUR 2.33 bln in Spring this year. During the last six months tot ...

The Vallehermoso Group will invest 4.5 million euros in Albacete

The Vallehermoso Group has acquired a 1,793 m2 plot of land in the Paseo de la Cuba, 23 in Albacete and has planned to invest 4.5 million euros in the development of a building with approximately 21 d ...

Amsterdam to tackle housing problem

The Amsterdam Municipal Executive wishes to ensure that some 16,000 new homes will be built in the period to 2006.New building is an important prerequisite for stimulating mobility and adequate supply ...

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