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Hercules agrees

Hercules Unit Trust, the retail park fund managed by Pillar Property, is believed to have agreed an innovative five-property £128m swap deal with HSBC Bank Pension Trust.The Hercules fund, which is m ...

VastNed Retail realises increase of direct investment result, VastNed Offices/Industrial shows decr

In the first quarter of 2004, VastNed Retail has realised an increase of the direct investment result of 7.0% compared to the first quarter of 2003. The direct investment result per ordinary share ros ...

PSP and REG to create Switzerland's largest public real estate company (CH)

Last week, the shareholders of PSP Swiss Property and REG Real Estate Group approved the merger of both companies to create Switzerland’s largest publicly-traded real estate company. Deutsche Bank i ...

First phase of MAB project in Aix-en-Provence opened (FR)

The first phase of the MAB project ‘Les Allées Provençales’ in the center of the French town Aix-en-Provence has been opened. All of the shopping space of 4,500 m² is fully let. Redevco has bou ...

Nikko Asset Management selects LaSalle Investment Management to manage Global REIT Fund in Japan

LaSalle Investment Management has announced that it has been selected as the subadvisor for an open-ended global REIT fund sponsored by Nikko Asset Management. Designed for Japanese individual investo ...

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 ...

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