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Majority of close-ended real estate funds do not meet initial objectives

More than half of all close-ended real estates funds offered on the German market did not meet their initial objectives. This is the result of a study by FondsMedia. Furthermore, only one-third of all ...

Redevco UK sells distribution centre and three retail stores

REDEVCO UK, the privately owned property investment and development company has disposed of the last remaining former C & A distribution centre in Woking for €12.9 m to industrial specialist ...

Lend Lease's response to market speculation

In response to speculative articles in the Australian Financial Review today, Lend Lease wishes to reiterate its position in relation to its strategic review of its Real Estate Investments ('REI') bus ...

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 ...

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