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Metro to sell its property to raise EUR 3-4 bln

German retailer Metro AG is to sell its real estate holdings in the coming days, raising 3-4 billion euros in GermanyÂ's biggest property deal this year.U.S. fund manager Blackstone, General Electric ...

Design Zeil Project in Frankfurt approved by MAB

The design by KSP Engel und Zimmermann Architekten AG of the Zeil Project in Frankfurt has been approved by MAB. The design reflects the redevelopment of a multi-functional city district on the former ...

Moody's rates 16 German open-ended real estate funds and their managers

MoodyÂ's Investors Service was appointed in the spring 2002, as the rating agency for the evaluation of German open-ended real estate funds. The appointment was made jointly by the Association of Ger ...

Limited disposal of real estate assets by troubled pension funds

The chance of large-scale divestments of real estate assets by troubled pension funds is very limited. On the contrary, troubled pension funds, which have to pay out more than they may earn in investm ...

Growing interest in real estate

Global stock market volatility and low interest rates are behind growing investor interest in real estate, a DTZ Research survey has found. 'With concerns over US growth rates and their impact on othe ...

BAM NBM and HBG must sell their interests in asphalt plants

The Netherlands Competition Authority (NMa) has approved the takeover of HBG by BAM NBM after the parties gave assurances with regard to the sale of their interests in several asphalt plants.The takeo ...

ING launches first foreign non-state pension fund in Russia

ING today announced the launch of the Non-State Pension Fund ING in Russia, a voluntary pension fund for corporate clients. This is the first private Non-State Pension Fund to be launched in Russia. T ...

Euro-zone external trade surplus EUR 9.6 bn in August 2002

EUR 2.3 bn surplus for EU15The first estimate for euro-zone1 trade with the rest of the world in August 2002 was a 9.6 billion euro surplus, against +5.5 bn in August 2001. The revised2 July 2002 bala ...

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