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Euro-zone GDP up by 0.3%

EU15 up by 0.4%Euro-zone GDP grew by 0.3% and EU15 GDP by 0.4% during the second quarter of 2002, compared to the previous quarter, according to first estimates out today from Eurostat, the Statistica ...

NAREIT: net income rises for real estate companies in 2nd quarter

Funds from operations down slightlyEarnings per share of real estate investment trusts (REITs) and other publicly traded real estate companies posted gains in the second quarter of 2002 when compared ...

Telefonica plans to spin off real estate operations

Telefonica SAÂ's domestic unit, Telefonica de Espana, plans to spin off its real estate activities into a separate unit, offering property management and maintenance, according to a report in financi ...

European Commission gives go-ahead for $3.2 bln Italian deal

The European Commission has approved a £2 bln ($3.2 bln) joint venture between Morgan Stanley, Pirelli and Telecom Italia/Olivetti.The decision effectively dismisses opposition from other Italian f ...

Income security the key to investors undiminished appetite for property

The CB Hillier Parker All Property Average Yield fell for the third consecutive quarter to stand at 7.2% in Q3 2002. Downward pressure is most evident in the retail sector, with high street shop and r ...

ING closes purchase of additional stake in Indian Vysya Bank to 44%

ING has finalised the purchase of an additional 24% stake in Vysya Bank Ltd. in India. The value of the transaction is approximately EUR 73 million.ING announced on 20 June 2002 its proposal to increa ...

Hammerson: cash offer for Grantchester Holdings PLC

The Board of Hammerson announces the terms of a cash offer, to be made by Dresdner Kleinwort Wasserstein on behalf of Hammerson, to acquire the whole of the issued and to be issued ordinary share capi ...

Klepierre: strong growth in interim earnings

Sustained activity in the group’s three key markets: France, Spain and Italy. Lease income increased by 18.4% (8.6% on a constant structural basis). Lease income from shopping centers, the grou ...

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