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Preliminary results Land Securities for the year ended 31 March 2004

Land Securities published its FY 2003/04 results, which came out better than expected as a result of a higher-than-expected valuation result on the retail and office portfolio and higher-than-expected ...

Key Canary Wharf shareholder backs Morgan Stanley offer

Continental Casualty, one of Canary Wharf’s largest independent shareholders, has decided to support Morgan Stanley’s £1.7bn offer for the Docklands developer.The decision will come as a huge boo ...

Lend Lease to move partnership assets offshore

Lend Lease is expected to transfer the majority of its UK shopping centre holdings into a new offshore unit trust in an attempt to avoid paying stamp duty on partnerships.As of next month, stamp duty ...

Rodamco Asia achieves another year of net profit growth in spite of euro strength

Rodamco Asia NV announced today that its net profit for the financial year 2003/ 2004 (1 March 2003

Aareal Immobilien KAG markets its first special fund Nordic Funds invests €250 million in Scandinavi

Aareal Immobilien Kapitalanlagegesellschaft mbH, which was formed at the beginning of 2004, starts with its first special property fund. “Nordic Funds” has a planned investment volume of €250 mi ...

KFN buys first office on Oosterdokseiland in Amsterdam

Oosterdokseiland Development Amsterdam C. V. (a joint venture of MAB/Bouwfonds Property Finance) and investor KFN will sign the turnkey agreement today for the sale of 10,000m² of offices on the Oost ...

Capital & Regional´s The Mall buys Preston shopping centre for

Capital & Regional plc said The Mall has bought St George´s Shopping Centre in Preston from Legal & General for £102.5m.The Mall is the brand name of The Mall Fund, established by M ...

Canary Wharf Chairman warns Reichmann could go if company stays independent

Sir Martin Jacomb, the chairman of Canary Wharf plc, will call for the removal of Paul Reichmann, his long-standing board colleague, if shareholders this week reject both bids for the £1.7bn property ...

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