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IVG expects increase in earnings and net asset value again in 2005 (DE)

"We are expecting that the encouraging net income of €74,9 million in 2004 and the net asset value of € 15,20 will again be exceeded this year", stated Eckart John von Freyend, CEO of the Bo ...

Aareal Bank Group announces Q1 2005 results (DE)

Aareal Bank Group consolidated net profit after minority interest was € 19 million for the first three months of 2005. The mortgage and public sector Pfandbriefe issued by Aareal Hyp retained the ...

Sacyr Vallehermoso Board approves increase in non-assessable capital to pay shareholders (ES)

The Sacyr Vallehermoso (SyV) group’s Annual General Shareholders’ Meeting approved today the increase an increase in nonassessable capital charged against reserves to pay the shareholders. T ...

FCC: net profits up by 9.9% (ES)

The revenues of Fomento de Construcciones y Contratas, S.A. (FCC) for the first quarter of this year totalled 1,526.8 million euros, which represents a 4.3% increase over the same period last year.The ...

Investitori Associati, DB REal Estate, Pirelli RE and Borletti Group consortium acquires 99% of Rinascente (IT)

The Consortium jointly owned by Investitori Associati SGR S.p.a., DB Real Estate Global Opportunities IB L.P, Pirelli RE S.p.A and the Borletti Group, after receiving the approval of the European Comm ...

Minerva appoints new CEO (UK)

Minerva plc, the property investment and development company, has announced the appointment of Salmaan Hasan as Chief Executive with effect from 30 June 2005. Salmaan Hasan, aged 40, is presently at t ...

Framework agreement Centre Amsterdam North (NL)

On April 28 the municipality of Amsterdam, CZAN and ING Real Estate have signed a framework agreement of Centrum Amsterdam Noord. In this agreement the parties have commit engagements concerning reali ...

SEB Immobilien-Investment: first German real estate fund management company rated by Fitch (DE)

SEB Immobilien-Investment GmbH, Frankfurt, is the first German real estate fund management company to have received an asset manager rating from the international and independent rating agency FitchRa ...

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