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Pirelli cuts its Pirelli RE stake (IT)

Pirelli & C SpA has cut its stake in Pirelli & C Real Estate SpA to 55.533 pct, effective December 22, from 57.669 pct held previously, market regulator Consob said.www.efreeman.co.uk Source: ...

IBM sells 7 buildings to Morgan Stanley and Foncière des Régions (FR)

The Morgan Stanley Real Estate Fund IV (MSREF IV) and Foncière des Régions joint venture (respectively 75% and 25%) has acquired a portfolio of seven buildings totalling 125,000 m² from IBM F ...

Land Securities purchases London properties (UK)

The scheme offers medium-term redevelopment potential and Land Securities intends reviewing the development strategy for the property, which benefits from an existing planning permission for an office ...

Deutsche Bank sells 109 buildings for €300 million (DE)

Deutsche Bank, the major German bank, has sold real-estate assets for value of €300 million to the investing group Eurocastle Investment Limited. In whole, 109 offices and industrial ships, nowad ...

Board SIG Real Estate Groep in take-over talks with TCN Property Projects (NL)

The board of the Stichting Industrie- en Handelsgebouwen Groningen (a foundation connected to the Municipality of Groningen) has revealed its intention to discuss a sale of its shares in SIG Real Esta ...

Scope gives top marks to DB Real Estate Germany (DE)

TheGerman rating agency, Scope Group, has evaluated the management quality of DB Real Estate Investment GmbH and rates the company AAA (outstanding).Among other funds, Deutsche’s real estate unit ...

Aberdeen delivers full year profits in line with expectations (UK)

Investment company Aberdeen Asset Management plc said pre-tax profits before exceptionals and goodwill for the year to 30 September 2004 came in at £15.1m, up from £5m one year earlier, and in l ...

Work to start on Warsaw outlet center (PL)

A tender process is currently underway to find a general contractor to build Fashion House Warsaw, a themed shopping center based on the ‘outlet’ concept of discounted branded products. It w ...

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