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Modest economic growth in third quarter

According to first estimates of Statistics Netherlands´ quarterly accounts the volume of gross domestic product (GDP) was 0.3 percent higher in the third quarter of 2002 than twelve months p ...

Mitsubishi Estate posts big rise in first half year net profit

Japan´s second-largest real estate developer, Mitsubishi Estate Co., posted a big rise in first-half group net profit on Friday and slightly raised its full-year forecast despite a looming r ...

Taubman Centers: over one-third of voting power opposed to sale of company

Taubman Centers, Inc. announced today that holders of its capital stock representing more than one-third of the total voting power are opposed to Simon Property Group’s unsolicited proposal to ...

REDEVCO UK concludes £51.4m off-market deal with Standard Life Investments

REDEVCO UK the privately owned property investment and development company has concluded an off-market negotiation with Standard Life Investments on the purchase of a retail portfolio comprising 10 pr ...

Allianz Group´s loss third quarter EUR 2.5 billion

The Allianz Group had to accept a loss of 924 million euros during the first nine months. While a net income of 1.6 billion euros was achieved during the first six months, a loss of 2.5 billion euros ...

Simon Property: $920 mln takeover bid for Taubman

Simon Property Group, Inc. yesterday made a written offer to acquire Taubman Centers, Inc. for $17.50 per share in cash, a substantial current premium and a price higher than Taubman Centers shares ha ...

Taubman Centers, Inc. rejects proposal by Simon Property

Taubman Centers, Inc. confirmed today that it has received an unsolicited proposal from Simon Property Group, Inc. seeking to acquire control of the Company. Taubman Centers said that its Board of Dir ...

Parliament throws out proposal to abolish real estate depreciation

A majority in Parliamment maintained the present regulation that real estate investors may fiscally deduct depreciation on commercial real estate.During the deliberations of the new Tax Plan 2003 it w ...

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