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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 ...

ABP has 6.29% stake in Newcastle Investment Corp.

Stichting Pensioenfonds ABP has a 6.29% stake in Newcastle Investment Corp., according to a Schedule 13D filed Friday with the Securities and Exchange Commission.ABP owns 1.48 million common shares. I ...

Bami rules out merger with Inmobiliaria Colonial

Spanish property firm Bami effectively ruled out a merger with rival Inmobiliaria Colonial on Wednesday, saying it did not favour a new deal shortly after buying a stake in another company.Inmobiliari ...

Ahold Polska expands distribution capabilities in Poland

ProLogis announced today that it has signed two build-to-suit agreements with Ahold Polska for a total of 57,100 m2 of distribution space in Piotrkow and Bedzin, two key Polish distribution markets.'A ...

Simon increases offer for Taubman to $1.5 bln

Simon Property Group Inc. plans to launch a tender offer for Taubman Centers Inc. for $18 a share, or about $1.5 billion, 50 cents a share higher than a proposal disclosed last month.The Indianapolis ...

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