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Skanska is selling shopping center in Borås, Sweden, for SEK 130 mln

Skanska is selling its Armbåga 3 property, part of the Knalleland shopping center in Borås, in western of Sweden. The selling price of SEK 130 mln reflects a capital gain of SEK 78 mln. The purc ...

London office market rents plunge

A continuation of the pattern from Q2 – a very sluggish occupational market but strong activity continuing in the investment market, fuelled by low interest rates and stock market weakness.Occu ...

Lend Lease considers to sell U.S. operations

Australian property developer Lend Lease Corp Ltd. may sell its underperforming A$2 billion ($1.1 billion) North American real estate investment (REI) operations, the Australian Financial Review repor ...

Rodamco Asia's half-year net profit up 16%

In the first half of the financial year 2002/2003 (1 March - 31 August 2002), Rodamco Asia NV (Â'Â'RAÂ'Â') achieved a net profit of EUR 14.7 million (EURO 0.67 per share), which represents a 15.7% ...

VastNed Retail & Offices/Industrial discontinue investigation of merger

Since the press release dated 23 September 2002, the Management of both VastNed funds have elaborated on the investigation of a possible merger of VastNed Retail and VastNed Offices/Industrial. In thi ...

Laurus sells Spanish activities

Laurus N.V. announces that it has reached final agreement, with a company owned by funds managed by CVC Capital Partners (CVC), under which it sold its Spanish operations, comprising of 100% of the sh ...

New regulations causes construction costs to increase by 6%

The review of the Construction Act as per January 1, 2003 will cause construction costs to increase by an average of 6%. In return the consumer will receive increased security and comfort. This is the ...

Five more REIT's likely candidates for S&P 500

About five more real estate investment trusts are knocking on Standard & PoorÂ's door in the hopes of gaining entry into the prestigious S&P 500 index by year end, according to Goldman Sachs. ...

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