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EU clears Klepierre's purchase of stake in Italy's IGC

On Monday the European Union Commission approved French real-estate company Klepierre SAÂ's, a unit of BNP Paribas, purchase of a 40% stake in ItalyÂ's Immobiliare Gallerie Commerciali Spa. The deal ...

European office rents on the slide

Office rents are continuing to fall throughout Europe, the Middle East and Africa. This according to a report published by CB Richard Ellis. In Europe, average rents fell 2.2% during the second quarte ...

Lend Lease Global Properties SICAF acquires Akeler Holdings SA

Lend Lease Corporation Limited today announced that Lend Lease Global Properties, SICAF, a Luxembourg-based opportunistic real estate investment company, has acquired Akeler Holdings S.A., a private r ...

More home mortgages

In the second quarter of 2002, 127 thousand new home mortgages were registered in the Netherlands, a 5 percent rise compared to the second quarter in 2001.The number of renegotiated mortgages grew rem ...

Groothandelsgebouwen N.V. increases profit forecast

Half year figures 2002 show a slight increase of 3.0% in earnings after tax compared to the first six months of last year and amounted to € 2.328.000. Rental revenues increased by 8.7% during th ...

Lehman to buy 49 pct of Banca Popolare di Lodi property unit

Italian co-operative bank Banca Popolare di Lodi said on Monday it had agreed to sell 49 percent of its real estate unit Bipielle Real Estate to U.S. investment bank Lehman Brothers for 150.8 million ...

Rodamco Europe acquires its first retail factory outlet centre in Spain

Rodamco Europe has acquired the 15,600 m² Sevilla Factory in Dos Hermanas, Seville for EUR 24.34 million, producing a net initial yield of 7.5%. The acquisition strengthens Rodamco EuropeÂ's posit ...

Rodamco Asia: extension of date of completion for acquisition of 'SGS'

Rodamco Asia N.V. today announced that the date of completion of its acquisition of Somerset Grand Shanghai, a serviced apartment complex in Shanghai, China, has been extended to 31 August 2002, due t ...

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