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Multiplex replaces Pillar in Cricklewood joint venture (UK)

Pillar Property has sold its 50% interest in its Cricklewood regeneration joint venture with Hammerson to Multiplex for £18.6m.The disposal is in line with Pillar’s strategy of selling its non-core ...

Wereldhave acquires shopping center Davenport Village in Austin, Texas (NL/US)

During the second half of November 2004, Wereldhave completed the purchase of a shopping center in the United States. The shopping center ´Davenport Village´ in Austin, Texas, cons ...

Aareal Bank AG appoints Dr. Wolf Schumacher as new CEO (DE)

Aareal Bank AG announced today that its Supervisory Board had unanimously appointed Dr. Wolf Schumacher (46) as new Chief Executive Officer of the bank.A seasoned expert in the finance and real estate ...

Aedes sells stake in Aedilia Vic to French pension fund (IT/FR)

Aedes and CDC Group respectively sold their 16.67% and 16.66% stake in Aedilia VIC to Union Mutuelle des Retraite (UMR), institutional French pension fund. This disposal is part of Aedes’ strategy t ...

Inmobiliaria Colonial appoints former Repsol YPF chairman Cortina to board (ES)

Inmobiliaria Colonial SA said it has appointed former Repsol YPF SA chairman Alfonso Cortina to its board of directors to replace Salvador Gabarro Serra.The move is widely seen as a prelude to Cortina ...

Hammerson and Multiplex Join Forces to Advance Cricklewood Scheme (UK)

Hammerson plc and Multiplex Group have joined forces to advance proposals for the regeneration of Cricklewood, North London, following Multiplex Group’s purchase of Pillar Property’s interest in C ...

Fastighets AB Tornet: sale of Malmstaden has been completed (SE)

On 17 September, agreements were signed on sale of the subsidiary Malmstaden. All transactions have now been completed. The transactions included 128 properties with a total lettable area of 580,400 s ...

Ahold completes sale of its Spanish retail activities (ES)

Ahold today announced it has successfully completed the sale of its Spanish retail activities to the Permira Funds. Ahold and Permira announced the transaction on October 3, 2004. The closing was subj ...

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