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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 ...

Haarlemmermeer working city of the future

Haarlemmermeer may be considered as the working city of the future. Per capita 14.5 m2 of office, retail or industrial space is being developed here. Way back in second place came Amersfoort (4.4), Ma ...

ING Real Estate will develop Vörösmarty Square in Budapest

Recently ING Real Estate signed a contract for the construction of a multifunctional block of buildings in the old center of Budapest, the capital of Hungary.The site of the project is the tourist hea ...

GECINA has acquired 95.9% of SIMCO shares

Further to its public takeover offer for SIMCO shares, GECINA has acquired 95.9% of the company’s capital and 97.2% of its voting rights, in addition to 95.6% of its convertible bonds and 97.9% ...

German funds return to UK

German investors spent €900 million ($900 million) in the UK during the first half of 2002, and with the spending spree continuing, they are on target to invest comfortably more that 1 billion ( ...

Redevco divests ten former C&A stores in UK

Redevco, the Brenninkmeyer family’s property company, has sold ten former C&A stores to Standard Life for £51.4 million ($82 million). The portfolio includes properties in Colchester, Ea ...

Credit Suisse Group: net operating loss of CHF 1.8 bln and net loss of CHF 2.1 bln for the third qua

Significant insurance losses impact results by CHF 1.4 blnIn the third quarter of 2002, Credit Suisse Group recorded a net operating loss, which excludes the amortization of acquired intangible assets ...

Construction of Schiphol golf course to commence in first half of 2003

Schiphol Real Estate BV and BurgGolf Schiphol BV have signed an agreement to build and operate a golf course and a clubhouse at Nieuwe Meer, alongside the A9 motorway north of Amsterdam Airport Schiph ...

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