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Non-profit organizations save office market in the Netherlands

The downturn in the office market has remained limited during the past year, thanks to the fact that non-profit organizations and the government were noticeably active in the market.Large organization ...

No improvement expected on German office market during 2003

Also during 2003 there will be no major improvement in the German office market according to DIP (Deutsche Immobilien Partner) in its review of 2002. Office space turnover has dropped by approximately ...

KanAm introduces second US close-ended real estate fund

KanAm International, the Munich based fund manager, introduced KanAm/WestWind USA Office II, its second US close-ended real estate fund. Investment is in a 55 story building in Miami, Florida.The comp ...

Deutsche Bank transfers real estate operations to Eurohypo

Deutsche Bank AG has completed the transfer of some of its real estate activities to Eurohypo AG, as expected, in exchange for roughly 20 million Eurohypo shares.Eurohypo said Deutsche Bank will recei ...

UK government comes to the rescue of property sector

Research due to be unveiled by King Sturge next week will show that the Government accounted for 40% of all large leasing deals in the UK last year. The public sector is now effectively propping up th ...

Deutsche Telekom records considerable successes in debt reduction with sales of real estate

Proceeds of EUR 1.7 billion from real estate sales in 2002Deutsche Telekom AG generated proceeds totaling EUR 1.7 billion from sales of the GroupÂ's real estate in 2002. EUR 0.7 billion was realized ...

NCC sells property-development project in Helsinki

NCC Finland Oy reached an agreement on Monday to sell the third and final phase of its Business Park Airport Plaza property-development project in Helsinki. The buyer is the Finnish real estate group ...

Dredging company BHD entirely in Royal BAM Group ownership

Royal BAM Group reports that the one-third interest in the dredging company Ballast Ham Dredging (BHD) has been acquired from Ballast Nedam nv. As already stated at the time of the announcement of thi ...

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