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PSP Swiss Property - Strong increase in earnings and substantial expansion of real estate portfolio

PSP Swiss Property’s net income rose by 207.9% to CHF 183.0 million from CHF 59.4 million in 2003. This result was mainly influenced by the merger with REG Real Estate Group (REG).The Board of Di ...

Urbis targets 20-25% net profit growth in 2005 on 30-35% rise in sales (ES)

Inmobiliaria Urbis SA said it is targeting net profit growth of 20-25 pct in 2005 from the €123 mln net profit reported in 2004, on a 30-35 pct rise in revenues from €602 mln a year earlier. ...

2004, the year of international consolidation for Sonae Sierra (PT)

In 2004 Sonae Sierra (still then under the name of “Sonae Imobiliária”) consolidated its position as a European specialist in shopping and leisure centers. During the year the company ope ...

KFN rents out 60,000 m² of office space in 2004 (NL)

In 2004, the Dutch real estate investor KFN has realized a net profit of €32 million (2003: €34 million). Despite the weakening office market, KFN realized 60,000 m² of rental transaction ...

Atisreal Belgium reinforces Investment department (BE)

Atisreal, one of Europe’s leading real estate property consultants, has announced the reinforcement of the Investment department with the appointment of three new professionals in Brussels’ ...

Aerium acquires objects in Switzerland for €200 million (CH)

Cenor Asset Management has acquired a portfolio of 18 objects (approx. 46,000 m² of retail space and 1,300 parking spaces) from the Swiss COOP group for the Aerium funds. An amount of approx. ₠...

Tornet has sold 25 properties in Karlstad (SE)

Fastighets AB Tornet has sold all properties in Karlstad and one property in Oskarshamn for a total price of SEK 1,055 million.The purchase price exceeds the book value as at 31 December 2004 by SEK 7 ...

Ballast Nedam takes over Hollestelle (NL)

The Dutch construction group Ballast Nedam has taken over project developer Hollestelle Vastgoed Ontwikkeling in Groningen, the Netherlands. Hollestelle has a portfolio of approximately €70 milli ...

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