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Insurance and pension fund investments worth 4 percent less

Real estate worth moreAccording to figures from Statistics Netherlands, the total value of investments by insurance companies and pension funds fell by 4 percent in the third quarter of 2002. The fall ...

NMa Suspects 18 road construction companies of cartel agreements in relation to asphalt plants

The Netherlands Competition Authority (NMa) suspects 18 road construction companies of entering into cartel agreements in relation to three asphalt plants in which they participate. NMa has drawn up a ...

Dexia net income down 13.3% for first nine months

Net Income: € 957 millionRevenues, i.e. € 3,904 million, showed a reduction by - 8.0% compared to the same period last year. Excluding extraordinary and nonrecurring revenues, the decrease ...

Dutch inflation at its lowest since 2000

According to Statistics Netherlands’ consumer price index the rate of inflation was 3.2 percent in November 2002, 0.2 of a percent point lower than in October. Inflation was curbed down by pric ...

Netherlands Competition Authority threatens construction companies with severe fines

Thirty to forty construction companies may be fined due to unlawful price agreements. Fines may reach 10% of their annual turnover.Director A. Kist of NMa made this statement during a television broad ...

First limited real estate partnership for Lage Landen

De Lage Landen, a daughter company of Rabobank, has introdiced its first limited real estate partnership, Real Estate Fund I. In total there are 684 participations available for € 10,000 each.Th ...

NEPROM appoints new Chairman

Peter Ruigrok, director of Amstelland MDC Ontwikkeling Wonen, will succeed mr Carel de Reus as new Chairman of NEPROM on May 15, 2003.NEPROM, the Association of Dutch Property Developers, was founded ...

Glimcher Realty Trust closes $94.3 mln asset sale

Glimcher Realty Trust, one of the country´s premier retail REITs, announced that on December 5, 2002, it completed the sale of nine community center properties for approximately $94.3 millio ...

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