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MWB losses hit £63m

Marylebone Warwick Balfour has reported a pretax loss of £63m for the year ending June 2003, as announced yesterday. Meanwhile, the company’s net asset value dropped 10% to 93p p ...

IVG Immobilien AG takes over 71,42 % of Finland-based Polar Real Estate Corporation

IVG Immobilien AG has today entered into a sale and purchase agreement of 71,42 % of the shares in the listed Finnish Polar Real Estate Corporation (Polar Kiinteistöt Oyj). The transaction is c ...

Aareal Bank to create new real estate investment banking arm

Aareal Bank significantly expands its structured property financing activities.Aareal Bank is assembling a team of seasoned investment bankers around Marc Bajer. This team will serve European clients, ...

LandSec and Gazeley plan £300m Milton Keynes industrial park

Land Securities and Gazeley have submitted a planning application for a £300m industrial park on the outskirts of Milton Keynes. The proposed development comprises 3.4m sq ft of large distribut ...

Schroders to launch new ‘fund of funds’

Schroders today announced that it is to launch a new open-ended property fund next month, being promoted as the “fund of funds”. The Schroder Indirect Real Estate Fund (SIRE) ...

Further buy in of debentures by Haslemere

Haslemere N.V. announces that it has bought in for cancellation a further GBP15.0 million of the GBP200 million 6.25% First Mortgage Debenture Bonds 2024 issued in 1999 by its Jersey subsidiary, Hasle ...

UBS to develop £100m Newport retail scheme

The Swiss bank, UBS Global Asset Management, is planning to develop a £100m shopping centre in Newport, South Wales. UBS’s Triton Property Fund is in detailed talks with Rhys New ...

Redevco buys retailportfolio of € 25.6 mln. in Germany

Redevco Services Germany has bought a portfolio of retail complexes of a retailer in carparts and repair Auto-Teile-Unger (A.T.U.) from LHI Leasing for the amount of € 25.6 mln. LHI Leasi ...

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