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IVG expects for 2005 net profit of €100 mln, higher net asset value, higher dividend (DE)

Because of the positive business development IVG Immobilien AG expects a net profit after income tax for 2005 in the range of €100 mln (2004: €74.9 mln). All three divisions portfoli ...

Istithmar buys One Trafalgar Square (UAE/UK)

Istithmar, a major investment house based in the UAE, said it had acquired London's One Trafalgar Square for GBP 155 million (around $273 million). The acquisition financing bank is Barclays Capital.T ...

ING sells Delftse Poort office building (Rotterdam) to real estate funds (NL)

ING announced the sale of the Delftse Poort office building in Rotterdam to KanAm, a German real estate investment fund, and the ING Dutch Office Fund. Each fund now owns 50% of the building. The sale ...

Barcelona breaks into the top five cities in Europe to locate a business (ES)

London and Paris are by a long margin Europe's two top cities to locate a business, with the Spanish cities of Barcelona and Madrid rising up the ranking to challenge the likes of Amsterdam and Brusse ...

Guy Barker is the new CEO at Invesco Real Estate (UK)

Invesco Real Estate, London, has announced changes in its management. Guy Barker is from now on responsible for the European headquarters of the company. Andrew D. Thornton (London) was named new COO. ...

ING Property Fund Central Europe to acquire Pólus Shopping Center in Budapest (HU/NL)

Dipol Holdings Ltd has agreed to sell the Pólus Shopping Center in Budapest (Hungary) to the ING Property Fund Central Europe. The sale price for the Pólus Shopping Center is approximately &#128 ...

HOCHTIEF to expand Vienna Airport (DE)

HOCHTIEF Construction AG, together with its Austrian subsidiary Dipl. Ing. Hugo Durst GmbH, has been awarded the contract to expand Vienna Airport. The assignment worth almost €60 mln. includ ...

Skandia Investment Management extends offer with ethical multi-manager fund (UK)

Skandia Investment Management, the asset management arm of Skandia Group, is to launch a multi-manager ethical fund, offering investors a lower-risk, well diversified alternative to the single manager ...

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