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Fortis: a strong start to the year

During the first quarter of 2002, against the backdrop of a continuing weak economy, Fortis realised a net operating profit of EUR 831 million, an increase of 7%. This is the highest net operating pro ...

Vallehermoso falls after SCH stake sale

Shares in Spanish property company Vallehermoso tumbled nearly 10 percent when trade resumed on Wednesday, a day after bank Santander Central Hispano said it was selling its 25 percent stake for a hef ...

Part of Philipp Holzmann activities to be continued

Heijmans N.V. (construction, property development and related activities) and the receiver of Philipp Holzmann have reached agreement in broad outlines regarding the takeover of divisions of the branc ...

MAB commissions seven architectural firms to plan the Zeil project in Frankfurt

The Zeil project has entered a new phase. On 29 May 2002 documents for the so-called multiple commission awarded by MAB, the Dutch developer of real estate projects, were sent out to a total of seven ...

PWC: Housing market bound to collapse

A European study by PriceWaterhouseCoopers show that the Dutch housing market is bound to collapse within a few years.Despite the continueing shortage in houses, families can no longer afford the high ...

Sacyr purchases 24.5% of Vallehermoso from Santander Central Hispano

Today Banco Santander Central Hispano (SCH) and construction company Sacyr reached an agreement for the sale and purchase of 24.5% of VallehermosoÂ's share capital for a total approximate amount of 5 ...

Vallehermoso Group to invest 5.4 million euros in Castellón de la Plana

The Vallehermoso Group has acquired a building site in Urbanization Plan Lledo 2 of Castellón of 3,110 square meters, where it will develop a housing development. The real estate company will inves ...

Manufacturers less optimistic

Producers’ confidence, the sentiment indicator for the manufacturing industry, fell to -2.0 in April 2002, more than one point down on March.Confidence had been picking up again gradually in th ...

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