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Prudential Real Estate Investors acquires TMW

Prudential Real Estate Investors (PREI) announced yesterday that it has reached an agreement to acquire TMW Immobilien AG in Munich, Germany, and TMW Real Estate Group in Atlanta. PREI is the real est ...

GM to invest up to USD 800 mln in Japanese real estate

General Motors Investment Co. has announced that through a partnership it will invest up to YEN 100 bln (about USD 800 mln) in Japanese real estate next year. The exact details of the investment have ...

Open-ended German real estate funds continue to attract capital

During the first nine months of 2002 the German open-ended real estate funds attracted a net of EUR 13.1 bln., making them by far the most popular investment vehicle.In total all open-ended funds attr ...

Central London: 47% drop in speculative development schemes

Results from DTZÂ's Central London DeveloperÂ's survey reveal a 47% fall in schemes scheduled for speculative development compared with six months ago: from 0.30 mln m2 to 0.16 mln m2. This increase ...

Redevco on buying spree

Private real estate fund Redevco Germany is on a real estate buying spree. According to its Chairman, Etienne Brenninkmeier, it wants to invest annually between EUR 120 to 140 in additional real estat ...

HVB pre-tax profit down 75.8 percent

As of September 30, 2002 the HVB Group posted a operating profit before risk provision of €2.03 billion - after €2.7 billion in the comparable prior-year period. Pre-tax profit came to ââ ...

ProLogis closes sale of U.S. temperature-controlled logistics operations

ProLogis, a leading global provider of distribution facilities and services, today announced the closing of the sale of the companyÂ's temperature-controlled logistics operations in the United States ...

Gerald D. Hines receives 2002 Urban Land Institute J.C. Nichols Prize for Visionary Urban Developmen

Gerald D. Hines, founder and chairman of the Hines real estate company, is the 2002 recipient of the Urban Land Institute J.C. Nichols Prize for Visionary Urban Development. Now in its 45th year, Hine ...

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