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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 ...

Kungsleden sells and acquires (SE)

Swedish listed property corporation Kungsleden AB sells the property Kanoten 7 located in Karlstad for a total of MSEK 125 (approx. €14m) resulting in a capital gain of MSEK 4 (approx. €0.5m). Total ...

Arka acquires Quattro Forum in Wrocław (PL)

Arka BZ WBK real estate investment foundation is adding to its already bulging portfolio. Their string of acquisitions now includes the Quattro Forum office building in Wrocław. The contract ...

First European Property Awards to be presented at Expo Real 2005, Munich, Germany

At a stylish gala on the first night of Expo Real 2005 in Munich, on Monday 10 October, the first European Property Awards will be officially presented. The presentation of the European Property Award ...

Redevco buy 4/5 Lochside View on Edinburgh Park for 16.21m (UK)

Property investment company Redevco UK has recently acquired 4/5 Lochside View on Edinburgh Park from Merrill Lynch Investment Managers for £16.21m. Let to Oracle, Convergys and WSP, the building com ...

Carlyle in advanced talks to buy Occidental Hoteles for 900m (ES)

Risk capital fund Carlyle is in advanced talks to acquire hotel chain Grupo Occidental Hoteles for about 900 mln eur, El Pais reported citing unnamed sources. According to El Pais, Carlyle has drafted ...

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