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Ahold, AM sell Czech shopping centre to ING Property Fund Central Europe (CZ)

AM NV and Royal Ahold NV have agreed to sell the Olympia shopping centre in Plzen, Czech Republic to ING Property Fund Central Europe, the ING Group NV unit said.No financial details were disclosed. ...

Jeronimo Martins plans to invest €120m by 2006 in Polish retail chain (PL)

Portuguese retail group Jeronimo Martins plans to invest some € 120 mln between now and 2006 in expanding Biedronka, Poland´s biggest discount retail chain, said a company official, cited ...

Pirelli RE to float Olinda commercial property fund (IT)

Pirelli & C Real Estate SpA chief executive Carlo Puri Negri said the group´s new fund Olinda, which specialises in shopping outlets, could be floated at the end of the year or in the fi ...

Aareal Bank strengthens its capital base by € 85 million (DE)

Aareal Holding Verwaltungsgesellschaft mbH fully subscribes to a 10% capital increase, boosting its interest to 46.14% Issue price of € 24.00 above the current market priceAs announced on 30 August ...

David Blight appointed as successor to George Jautze (NL)

Mr David Blight (42) has been appointed as a member of the General Management of ING Real Estate. He will succeed George Jautze as General Manager of ING Real Estate Investment Management as of 1 Janu ...

Hercules confirms bid approach (UK)

Hercules Property Services plc said it is in talks that may lead to an offer for the company and that the offer under consideration would be at a premium to the current share price and would be predom ...

Castellum invests SEKm 183 (€ 20,1 million) (SE)

Castellum has through the subsidiaries Fastighets AB Corallen, Harry Sjögren AB, Eklandia Fastighets AB and Aspholmen Fastigheter AB acquired two commercial properties for SEKm 106 (€ 11,6 million) ...

Z

The Züblin Immobilien Group is expanding its European holdings with the purchase of a diversified retail portfolio in Germany worth a total of CHF 300 million (€ 195 million).The annual rental inco ...

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