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Towa set for Y230 bln ($1.89 billion) bailout

Troubled Japanese property firm Towa Real Estate Development Co said on Thursday that UFJ Bank and other creditors were positively considering its request for 230 billion yen ($1.89 billion) in financ ...

Trammell Crow posts lower third-quarter net

Trammell Crow Co., a commercial real estate services company, reported slightly lower third-quarter earnings and forecast full-year profit would be at the low end of previous expectations.The company ...

Japan property firms brace for supply glut

Japan´s top real estate firms are likely to hold their outlooks for rising profits steady when they release half-year results this month, but an upcoming glut of Tokyo office-space supply is ...

Regus turnover down 11.2% for third quarter

In the third quarter global revenues fell 11.2% to £109.3 million from £123.1 million in the same period last year. Pre-tax losses were £15.4 million compared with a £98 million loss in th ...

European office rents on the slide

The recent decline in office demand in the major European cities has led to a flood of negative commentary on the state of the market and the underlying strength of the property market. This underlyin ...

ICA Ahold en Aegon to agree on joint venture

ICA Ahold and AEGON The Netherlands expect to conclude negotiations on a 50/50 joint venture in the ICA Ahold subsidiary ICA Banken (based in Solna, Sweden), for the provision of financial services th ...

Aegon: net income Eur 429 mln third quarter 2002; per share Eur 0.30

AEGON´´s Executive Board Chairman, Donald J. Shepard said: 'Earnings for the third quarter were in line with our expectations. New business production increased in the US, while we ...

Euro-zone and EU15 GDP up by 0.4%

+0.7% and +0.8% respectively compared to second quarter of 2001Gross Domestic Product (GDP) grew by 0.4% in both the euro-zone and the EU15 during the second quarter of 2002, according to estimates ou ...

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