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Banque de France returns to FY profit on asset sales, exit from private banking (FR)

The Banque de France said it returned to profit in full-year 2004, helped by exceptional gains from real estate disposals and its exit from private banking activities. The bank posted a net profit of ...

Land Securities acquires stake in Time Square and announces contract with 3i (UK)

Land Securities announced that it has acquired a 44.5% stake in Times Square, Queen Victoria Street, London, EC4 for £95 m from Louis Dreyfus reflecting a net reversionary yield of around 6%.The 37 ...

DIFA-Global becomes first German real estate fund to invest in Mexico City (MX)

Hamburg-based DIFA Deutsche Immobilien Fonds AG is the first German fund management company to complete a cross-border deal in Latin America â€" a region previously neglected by European property in ...

W. P. Carey & Co. Appoints Thomas E. Zacharias Chief Operating Officer (US)

Investment firm W. P. Carey & Co. LLC has announced the appointment of Thomas E. Zacharias as Chief Operating Officer. In this capacity Mr. Zacharias will be responsible for overseeing the interna ...

Eurocommercial Properties N.V. buys seventh Swedish shopping center and obtains Paris listing

Eurocommercial Properties N.V. (ECP) buys seventh Swedish shopping center and signs letter of intent to acquire a French retail park. ECP depositary receipts now listed on Paris Bourse to obtain tax e ...

Reasoned opinion of Gecina's board of directors (FR)

Gecina’s Board of Directors met at the head office on April 5th, 2005, chaired by Antoine Jeancourt-Galignani, the Chairman of the Board of Directors, and with the participation of Serge Grzybows ...

US private equity firm Fortress to invest US$10 bln in German real estate (US/DE)

US private equity firm Fortress may invest US$10 bln in the German real estate market over the next three years, Financial Times Deutschland reported.In the past three months, Fortress has raised US$2 ...

Frank de Moes appointed Chief Financial Officer of REDEVCO Europe (EUR)

Frank de Moes has been appointed as Chief Financial Officer of REDEVCO Europe, effective 9 May 2005. He will succeed Remco Gerlof who has been nominated CFO of the Cofra Group of companies in Mexico t ...

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