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Commerzbank 2004 financial statements (DE)

In the 2004 financial year, the Commerzbank Group made great progress, raising its operating profit by 87% to €1,043m. This translates into an operative return on equity of 10.2%. In the final q ...

´Topping out´ for Foster and Partners designed Hearst Tower, NY (US)

The Hearst Corporation´s 46-storey headquarters office tower was ´topped out´ last week in the presence of the Governor of New York State, George E Pataki and New York Ci ...

Simon Property Group announces fourth quarter and annual results (US)

Simon Property Group, Inc. (the 'Company' or 'Simon') has announced results for the fourth quarter and twelve months ended December 31, 2004.Diluted funds from operations ('FFO') of the Simon portfoli ...

STRABAG takes over parts of Walter Bau (AT/DE)

As declared at last Tuesday‘s press conference, STRABAG Bauholding from Vienna will take over parts of the insolvent Walter Bau AG‘s Dywidag. The construction firm from Augsburg had to decla ...

BAA announces property joint venture with Morley Fund Management (UK)

BAA has announced the creation of a 50:50 property joint venture with Morley Fund Management (Morley). BAA will inject certain commercial property assets into the joint venture, the Airport Property P ...

LB Immo Invest launches Germany´s first open-ended fund (DE)

Germany’s LB ImmoInvest has launched the country’s first open-ended real estate fund that will invest in European projects jointly financed by the public and private sector â€" also known ...

3i and Land Securities agree terms on new London location (UK)

3i Group plc and Land Securities Group PLC announce that terms have been agreed for 3i to move its London office to Land Securities´ new development at Cardinal Place.3i will be taking a lea ...

Colliers International voted the best agency in Central & East Europe (EUR)

Colliers Interational has been awarded the Central & Eastern European Real Estate Agency of the Year, as determined by the jury of the CEE Real Estate Quality Awards.A panel of 16 jury members con ...

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