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Merrill Lynch shifts Asian-Pacific portfolio weightings

Upgrades AustraliaThe regional strategy team at Merrill Lynch has rejigged the weighting of its Asia-Pacific ex-Japan asset allocation, increasing exposure to Australia at the expense of South Korea a ...

Hines and Monthisa to develop Edificio Portico in Madrid's Campo de Las Naciones

Hines, the international real estate firm, and Monthisa of Spain announced today that they have formed a joint venture to develop a new 'Class A' office building in Madrid. The development, named Edif ...

Deutsche Bank unit plans $890 mln real estate notes

German American Capital Corp., a Deutsche Bank AG U.S. unit, plans to publicly offer about $890 million in commercial mortgage-backed securities, supported by real estate loans it made, market sources ...

Zara will enter the Swedish market with an initial store in Stockholm

The store will be located in premises measuring more than 1,600 m2 in Hamngatan street, in the most important shopping area of the Swedish capitalInditex has formalized a lease agreement with the Hufv ...

French real estate stocks offer haven in glum market

Despite months of outperforming slumping stocks in other sectors, analysts say French real estate shares still provide a brick-solid safe haven in a market gripped by gloom. Seasonal effects and the b ...

Hermes invests in Junction Retail Park Fund

Fund manager Hermes, on behalf of the British Telecom pension fund, has injected two properties worth £66.85 million ($105 million) into the Junction Fund, the specialist retail park fund set up by ...

Euronext : average daily number of transactions in cash products up 12.1% compared to last month

In September 2002, there was a total of 11,575,606 transactions on Euronext’s cash markets. The average daily number of trades in cash products reached 551,219 in September, up 12.1% compared t ...

Fortis's solvency remains strong

In line with its July 23 and August 28 reports, Fortis is committed to clarifying at the end of the third quarter its strong solvency and the value of its equity portfolio (9% of its total investment ...

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