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Commerzbank unit buys Lloyds Tower from Deka Immobilien for £231m (UK)

Commerzbank AG´s real estate unit CommerzLeasing und Immobilien has acquired the Lloyds of London insurance tower from Deka Immobilien Investment GmbH for £231m, the DekaBank unit said.De ...

NCC fourth quarter pre-tax below expectations despite swinging into profit (NO)

NCC AB said its fourth quarter pretax result swung to a profit of 169m skr from a 653m skr loss a year earlier, as property writedowns fell to 21m skr from 782m skr. Market expectations were for a fou ...

Rondo 1 ready for lift-off of first phase (PL)

Though Hochtief Polska’s planned 40-storey skyscraper has only reached two-thirds of its ultimate height, the company is putting the final touches to Rondo 1’s 10-storey sister building, whi ...

TKD Nordeuropa reaches agreement to sell and develop 42,000 m² centre in Valby, Copenhagen (DK)

TKD Nordeuropa, a wholly-owned subsidiary group of TK Development, has entered into an agreement to sell and develop the shopping and metropolitan centre, Valby Torvene, in Valby, Copenhagen.The buyer ...

Jones Lang LaSalle reports strong results globally; 2004 net income of $64.2 million

Jones Lang LaSalle Incorporated has reported net income of $64.2 million, or $1.96 per diluted share of common stock, for the year ended December 31, 2004. The prior year’s net income was $36.1 m ...

The Mall acquires Main Square, Camberley for £130 million (UK)

Capital & Regional plc has announced that The Mall has acquired Main Square Shopping Centre in Camberley, Surrey, from Prudential-owned Scottish Amicable Life Assurance Society, for in excess of à ...

CB Richard Ellis continues as national leader in investment sales in 2004 (US)

For the fifth year in a row, CB Richard Ellis emerged as the nation’s leader in overall real estate investment sales having sold more than $28 billion in U.S. Property in 2004, equating to a mark ...

Deutsche denies it plans to sell DeAM in UK (UK)

Deutsche Bank has poured cold water on speculation in London that it is on the verge of selling all or part of Deutsche Asset Management in the UK, stressing that its first priority is “to fix th ...

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