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Brascan and Reichmann team up over Canary bid

Brascan Corporation, the Canadian investment group, said it is working towards making a new offer for Canary Wharf Group PLC, worth at least 267 pence per share in cash. Brascan, which has a 9 pct sta ...

Valuation of Vastned Retail’s German portfolio completed

VastNed Retail announces that the valuation of the German portfolio has been completed. The external appraiser has valued the portfolio at EUR 220 million. The book value was EUR 245 million as at Sep ...

ULI Names Kistler as First European President

The US-based Urban Land Institute has stepped up its commitment to Europe with the appointment of a European president and the creation of a European HQ. Currently 1,000 out of the ULI’ ...

Heijmans´s response to prosecution plans of the Public Prosecutions Department

Heijmans N.V. (construction, property development and related activities) has received notification from the Public Prosecutions Department (PPD) that it intends to prosecute in the context of the inv ...

Reichmann increases Canary Wharf stake

Canary Wharf Group PLC said founder and former chairman Paul Reichmann now has an interest in 8.87 pct of the company´s shares.This is an increase from his former shareholding of around 7.7 ...

Chelsfield says no other offers on the table

Property investment Chelsfield PLC said it has so far failed to attract alternative takeover offers for the company after it rejected a bid from a consortium led by chairman Elliot Bernerd. At the sam ...

Hypo Real Estate Bank AG sells portfolio of non-performing loans with a volume of around €490 millio

Hypo Real Estate Bank AG has sold a portfolio of non-performing-loans with a total volume of around €490 million. The buyer is a consortium consisting of the financial investor Lone Star ...

Real estate is right for Europe´s pension funds

Real estate has the right characteristics to meet to meet the goals and objectives of European pension funds, according to US group Prudential Real Estate Investors. In recent research looking at the ...

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