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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 ...

Aareal Bank is securitizing its largest Commercial Mortgage Backed Securities (CMBS) portfolio to da

Aareal Bank has concluded its largest CMBS securitization transaction to date, amounting to € 1.7 billion, which is being placed last night with international investors. It is also the la ...

ABP sells German investement to CS Euroreal (Germany)

Pensionfund ABP and the British real estate fund Hamerson have sold their joint investment in shopping center City Center in the German Essen for € 115.5 mln. to the German open-end fund ...

Reichmann secures financial backing for Canary Wharf bid

Paul Reichmann, the former executive chairman of Canary Wharf Group PLC, is expected to reveal this week that he has secured financial backing from HSBC Holdings PLC and Barclays PLC to fund a bid for ...

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