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Westfield welcomes Hermes as a long term, institutional investor in UK shopping centers

Westfield Holdings today welcomed the decision of Hermes Property Asset Management Limited to purchase MEPCÂ's 50% equity interest in six of WestfieldÂ's UK shopping centres for £115 million (A$3 ...

Substantial reduction in settlement of new companies

Industrial property market holds it groundNew figures published by the Stec Group show that the number of new companies setting up their offices in the Netherlands have decreased substantially.During ...

Record loss on Amsterdam stock exchange

The third quarter was the worst for Dutch shareholders since World War II. Share prices fell by an average 31.8 percent. Statistics Netherlands’ figures show that the value of Dutch shares has ...

Westfield America Trust to appeal WTC court ruling

Following the summary judgments delivered last week by the Federal District Court in New York ruling that three of the insurance carriers had provided coverage under the 'Wilprop' form and are limited ...

Volume of retail trade up by 1.4% in euro-zone

EU15 up by 2.3%In July 2002, as compared to July 2001, the volume of retail trade increased by 1.4% in the euro-zone and by 2.3% in the EU15, Eurostat, the Statistical Office of the European Communiti ...

Gecina meets unexpected hurdle in acquiring Simco

Although the Board of Directors recommended to accept GecinaÂ's offer in acquiring Simco to its shareholders, an unexpected hurdle turned up.SimcoÂ's management filed a lawsuit against the CMF (Cons ...

DB Real Estate introduces real estate fund

Real estate investment fund DB Real Estate introduces a new real estate fund - Commercial Property Co-Invest - through the non-listed Commercial Property AG. Investors are offered the opportunity to p ...

Office space glut in Budapest expect to ease in second half

The ratio of vacant office space exceeds 23% in Budapest due to the fact that as much as 120,000 square metres of new office space were completed in the first half of the year, real estate advisor DTZ ...

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