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Vallehermoso acquires Prosacyr for EUR 115 mln

Vallehermoso SA will acquire real estate company Prosacyr for EUR 115 mln. Prosacyr belongs to construction company Sacyr, which owns 23.5% of Vallehermoso.The transaction would not dilute Vallehermos ...

JP Morgan sells $933 mln real estate bonds

J.P. Morgan Chase & Co. Inc. sold on Friday about $933 million in public commercial mortgage-backed securities, supported by loans made by the bank and Canadian Imperial Bank of CommerceÂ's lendi ...

Enel to sell its real estate division

In its strategy to refocus on its core acticities as published on 12 September, 2002, the Board of Directors of Enel, the Italian electrical company, has announced that it intends to divest its real e ...

No U-turn on trust rescue, Aberdeen Asset Management insists

Troubled Aberdeen Asset Management insisted yesterday that it is pushing ahead with a compensation scheme for investors in Progressive Growth Unit Trust, with a plan that could see those who suffered ...

Der Spiegel: HypoVereinsbank to sell its real estate division

According to an article in Der Spiegel the HypoVereinsbank in Munich, Germany intends to sell its real estate division. The HVB plans a share split between the private banking activities and the real ...

Global investors target UK real estate

Europe remains the preferred location for cross-border investment, followed by North America and Asia Pacific, according to a new survey of global property investors commissioned by DTZ Debenham Tie L ...

Pillar to purchase new £100m shopping park development in East Manchester

Pillar Property Plc announces today that it has agreed to purchase, via development stage payments, the Crown Point North Shopping Park in East Manchester. The park is currently being developed by Ree ...

NMa clears acquisition of HBG by Royal Bam NBM

The Executive Boards of Koninklijke BAM NBM nv (Royal BAM NBM) and Hollandsche Beton Groep nv (HBG) announce that the Netherlands Competition Authority (NMa) has determined that no licence is required ...

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