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Allianz Group´s loss third quarter EUR 2.5 billion

The Allianz Group had to accept a loss of 924 million euros during the first nine months. While a net income of 1.6 billion euros was achieved during the first six months, a loss of 2.5 billion euros ...

Simon Property: $920 mln takeover bid for Taubman

Simon Property Group, Inc. yesterday made a written offer to acquire Taubman Centers, Inc. for $17.50 per share in cash, a substantial current premium and a price higher than Taubman Centers shares ha ...

Taubman Centers, Inc. rejects proposal by Simon Property

Taubman Centers, Inc. confirmed today that it has received an unsolicited proposal from Simon Property Group, Inc. seeking to acquire control of the Company. Taubman Centers said that its Board of Dir ...

Parliament throws out proposal to abolish real estate depreciation

A majority in Parliamment maintained the present regulation that real estate investors may fiscally deduct depreciation on commercial real estate.During the deliberations of the new Tax Plan 2003 it w ...

Haarlemmermeer working city of the future

Haarlemmermeer may be considered as the working city of the future. Per capita 14.5 m2 of office, retail or industrial space is being developed here. Way back in second place came Amersfoort (4.4), Ma ...

ING Real Estate will develop Vörösmarty Square in Budapest

Recently ING Real Estate signed a contract for the construction of a multifunctional block of buildings in the old center of Budapest, the capital of Hungary.The site of the project is the tourist hea ...

GECINA has acquired 95.9% of SIMCO shares

Further to its public takeover offer for SIMCO shares, GECINA has acquired 95.9% of the company’s capital and 97.2% of its voting rights, in addition to 95.6% of its convertible bonds and 97.9% ...

German funds return to UK

German investors spent €900 million ($900 million) in the UK during the first half of 2002, and with the spending spree continuing, they are on target to invest comfortably more that 1 billion ( ...

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