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VastNed subsidiary Foram buys retail portfolio in Portugal

Foram, responsible for the retail investments of VastNed Retail in southern Europe, has made its first purchase in Portugal. In a sale and leaseback transaction, nine shops have been acquired of the o ...

Euro-zone annual inflation up to 2.3%

EU15 up to 2.1%Euro-zone annual inflation rose from 2.1% in September 2002 to 2.3% in October1 2002, Eurostat – the Statistical Office of the European Communities in Luxembourg – reports ...

Sumitomo Realty to write off YEN 100 bln (US$ 835 mln) property loss

Sumitomo Realty & Development Co. has decided to write off some YEN 100 bln in valuation losses on its land and other fixed assets in the period through to March 2004. Related extraordinary losses ...

KPN Telecom about halfway in its real estate divestments

KPN Telecom announced in 2001 that it would divest substantial real estate assets. Two years ago the company used some 1.1 mln m2 of office space, of which it rented some 600,000 m2. During the past t ...

Private investors want to invest more in to real estate

Almost two-thirds of large private investors, which already own property prefer to increase their holdings. It is estimated that annually some € 1.3 bln could be involved.Investing in houses is ...

Simon calls on Taubman Board to fulfill fiduciary responsibility to all shareholders

Simon Property Group, Inc. today issued the following statement in response to inaccurate and misleading assertions made by Taubman Centers, Inc. in a press release issued late Friday, November 16, 20 ...

Simon Property Group continues to mislead

Taubman Centers, Inc. responded to today’s misleading announcement from Simon Property Group, Inc.Taubman Centers said: Simon’s statements are obviously designed to obfuscate Simon Prop ...

ProLogis signs three new leases in Poland

ProLogis, a leading global provider of distribution facilities and services, announced today that it has entered into three new leases totalling 15,300 m2 of distribution space in Poznan, Poland.ITM B ...

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