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IVG acquires office property in London for €154 million (DE/UK)

IVG ImmobilienFonds GmbH has acquired the office property 'Riverside House' from a group of international investors for €154 million. Private investors can participate in the high-profile central ...

Macquarie CountryWide Trust secures unique investment opportunity (AUS/US)

Macquarie CountryWide Trust has announced it will raise A$843 million to purchase a US$2.79 billion portfolio of shopping centres in the US with joint venture partner Regency Centers (Regency). The tr ...

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 ...

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