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Sponda´s result improved 10 % in 2004 (FI)

Sponda Group’s result in 2004 was better than the previous year’s due to profits on property sales. The result of leasing operations weakened slightly on the previous year.Result in brief ( ...

Marks & Spencer sells Baker Street property for £115m (UK)

Marks & Spencer PLC said it sold its long leasehold property at Michael House, 37-67 Baker Street, to London & Regional Properties for 115 mln stg - equating to its net book value.The retailer ...

AXA REIM France acquires office building for €106m from Unibail (FR)

AXA REIM France has acquired the ‘Quai Ouest’ office building for its German open-end fund AXA Immoselect for an amount of approximately €106 million from Unibail.Quai Ouest, situated i ...

TCN acquires Retail Park Aveiro in Lisbon (PT)

TCN Property Projects’ division in Portugal has signed the purchase contract of Retail Park Aveiro in Lisbon. The Retail Park, which is developed by Capitalinvest, consists of 24,000 m² of ret ...

Citycon´s share capital increase based on stock options (FI)

A total of 92,000 new Citycon shares with a nominal value of €1.35 per share were subscribed in December exercising the A/B/C options based on the company´s stock option plan 1999.The ...

Westfield Group increases investment in Los Angeles, California shopping center (AU/USA)

Westfield today announced that it has acquired an additional interest in Valencia Town Center in Santa Clarita, California for a net purchase price of US$69.2 million.The acquisition, together with We ...

Mondrian office project nominated for MIPIM Awards 2005 (BE)

Designed by ASSAR architects and developed by Allfin, the Mondrian project located in the heart of the European district in Brussels is nominated for the MIPIM Awards 2005 in the business centres cate ...

Aareal Bank wins CEE Real Estate Quality Award 2004 (DE)

Aareal Bank has been awarded as the best Banking and Finance Company in Central and Eastern Europe’s real estate sector in the year 2004.A jury of 16 leading real estate experts from across the C ...

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