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London price fall hits Chesterton (UK)

A depressed London property market has pulled the rug from under Chesterton, the 200-year-old estate agency recently racked by management turmoil.The agency, founded by the uncle of writer GK Chestert ...

Bilfinger Berger acquires Babcock Borsig Service Group (DE)

Bilfinger Berger is taking another important step in the expansion of its industrial services with the acquisition of the Babcock Borsig Service Group from Deutsche Beteiligungs AG.This acquisition wi ...

Kungsleden negotiating acquisitions (SE)

Swedish listed property company Kungsleden AB (publ) is negotiating with the Västra Götaland regional authority regarding the acquisition of approximately 33 Social services properties at a tota ...

Hypo Real Estate Bank AG launches €1.5 Billion Mortgage Jumbo-Pfandbrief (DE)

Hypo Real Estate Bank AG, Munich, has successfully launched a Mortgage Jumbo-Pfandbrief worth €1.5 billion. It features an annual coupon of 3.25% and a term of 7 years. The spread was set at the ...

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 ...

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