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Telefonica plans to spin off real estate operations

Telefonica SAÂ's domestic unit, Telefonica de Espana, plans to spin off its real estate activities into a separate unit, offering property management and maintenance, according to a report in financi ...

European Commission gives go-ahead for $3.2 bln Italian deal

The European Commission has approved a £2 bln ($3.2 bln) joint venture between Morgan Stanley, Pirelli and Telecom Italia/Olivetti.The decision effectively dismisses opposition from other Italian f ...

Income security the key to investors undiminished appetite for property

The CB Hillier Parker All Property Average Yield fell for the third consecutive quarter to stand at 7.2% in Q3 2002. Downward pressure is most evident in the retail sector, with high street shop and r ...

ING closes purchase of additional stake in Indian Vysya Bank to 44%

ING has finalised the purchase of an additional 24% stake in Vysya Bank Ltd. in India. The value of the transaction is approximately EUR 73 million.ING announced on 20 June 2002 its proposal to increa ...

Hammerson: cash offer for Grantchester Holdings PLC

The Board of Hammerson announces the terms of a cash offer, to be made by Dresdner Kleinwort Wasserstein on behalf of Hammerson, to acquire the whole of the issued and to be issued ordinary share capi ...

Klepierre: strong growth in interim earnings

Sustained activity in the group’s three key markets: France, Spain and Italy. Lease income increased by 18.4% (8.6% on a constant structural basis). Lease income from shopping centers, the grou ...

Slough Estates plc - Appointment of Chief Executive

Slough Estates plc announces that its Chief Executive Mr. Derek Wilson, after 16 years’ service, has decided to retire towards the end of the year and that he will be replaced by Mr. Ian Coull ...

Heijmans increases expected profit for 2002

In the first half of the year 2002, Heijmans N.V. (construction and related activities) has achieved operating returns of € 1,068 million. This represents an increase by 9% in relation to the op ...

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