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Aberdeen releases first pan-European fund of €161.5 mln (EUR)

Three international institutional investors have invested €161.5 mln in the first pan-European fund that invests in non-listed indirect real estate funds, Aberdeen Indirect Property Partners (AIP ...

Deutsche Bank 2004 figures and 4th quarter 2004 (DE)

Deutsche Bank has reported income before income taxes for the fourth quarter 2004 of € 418 million after reorganisation charges of € 574 million. These charges included restructuring expense ...

Redevelopment Plans Unveiled for the ILAC Centre in Dublin (UK)

British Land subsidiary Firmount Ltd and Irish Life Assurance plc today announced details for the redevelopment of the landmark ILAC Shopping Centre that will see it receive a major upgrade at a cost ...

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 ...

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