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Wereldhave buys Towers Business Park in Manchester for 83m (NL/UK)

Wereldhave NV has reached agreement with British property investor and fund manager Hermes to buy Towers Business Park in Manchester for £83m. The net initial yield amounts to 6.25%. The transaction, ...

UFO has landed in Zoetermeer (NL)

Optical illusion or reality? In Zoetermeer, located along the A12 between The Hague and Gouda in the Netherlands, an UFO has landed. Not a real flying soucer, but part of the expansion of the new city ...

Rodamco Europe strenghtens its position in Central Europe (NL)

Rodamco Europe announces it has signed an agreement with the German development company ECE for a new shopping center, Arkády Pankrác in Prague, Czech Republic. Rodamco Europe will have a 75% share ...

Homburg has declared a semi-annual dividend (CAN)

Homburg Invest Inc. ("Homburg") has declared a semi-annual dividend of $0.12 per share on its Class A Subordinate Voting Shares and Class B Multiple Voting Shares. The dividend will be paid on Septemb ...

British land units sell 50% stake in Ilac Shopping Centre for 121.32m (UK)

Firmount Limited and Arch Properties Limited (wholly-owned subsidiaries of The British Land Company PLC) announce the sale of a 50% interest in the Ilac Shopping Centre, Dublin for €121.32m. The half ...

Westfield Group announces first half distribution of A$873.6m in line with forecast (AUS)

The Westfield Group (ASX: WDC) today announced its first result under the new A-IFRS, reporting a net profit of A$1,534.5 million for the six months to 30 June 2005 including net property income, befo ...

Hines REIT acquires Citymark Building in Dallas (USA)

Hines has announced that Hines Real Estate Investment Trust, Inc. (Hines REIT) has acquired the Citymark Building from Centex Office Citymark I, L.P., an affiliate of Centex Corporation. This is Hine ...

JM to construct residential units in Dockan area of Malmö (SE)

JM has closed an agreement with Peab on construction of 75 residential units for the Kaj 33 tenant-owner co-operative in the Dockan area of Malmö. Dockan is a new district by the sea that is close to ...

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