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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 ...

Real estate income fund preferred shares rated 'AAA'

Real Estate Income FundÂ's auction-rate preferred shares Â'2,600 shares series MÂ' are rated Â'AAAÂ' by Fitch Ratings. The ratings are based on asset coverage and preferred share basic maintenanc ...

UK institutions frozen out of buoyant property market

The prolonged stock market collapse has not driven UK institutions to increase their property allocations as many had expected, according to the latest figures from the Office for National Statistics. ...

Take up Central London office market shows marginal rise

CB Hillier Parker’s third quarter analysis of the central London office market shows a continuation of the recent trend of relatively low volumes of activity, such that small numbers of large d ...

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