Property Press Releases

Switzerland, 2009-01-23 | Companies

• Jelmoli Shareholders Approve the Strategic Plan

  - Creation of two focused, separately listed entities - a Real Estate and an Investment Company - Removal of dual class share structure in the Real Estate Company ("Einheitsaktie") - Reverse premium to Pelham for ceding control in the Real Estate Company - Partial cash exit option for shareholders in the Investment Company - Strategic future of the two independent companies enhanced - Trading in both companies' shares expected to commence in March 2009

  Dr. Jörg Neef for Jelmoli Holding AG

Switzerland, 2009-01-23 | Companies

• Jelmoli and Tivona Shareholders Settle Outstanding Litigation

  Jemoli Holding Ltd ("Jelmoli") announces today that it has signed a definitive agreement with the other shareholders in Tivona AG ("Tivona"), whereby Jelmoli will acquire the remaining 55.5% stake in Tivona for CHF 60 million in cash and 80,000 shares. As a result of this agreement, all outstanding claims and counterclaims between the parties will be settled. The transaction is subject to certain closing conditions and is expected to be completed in the first quarter of 2009.

  Dr. Jörg Neef for Jelmoli Holding AG

Nordrhein-Westfalen, 2009-01-22 | People

• Vivacon AG: Eckhard Rodemer was appointed as CEO

  Ad-hoc-announcement according to § 15 WpHG Vivacon AG: Eckhard Rodemer was appointed as CEO

  Sven Annutsch for Vivacon AG

Bayern, 2009-01-20 | Bank

• German Financial Markets Stabilisation Fund ("SoFFin") extends the framework guarantee granted to Hypo Real Estate Group by an additional EUR 12 billion

  The German Financial Markets Stabilisation Fund ("SoFFin") has extended its framework guarantee granted to Hypo Real Estate Group by an additional EUR 12 billion, bringing the aggregate guarantee amount to EUR 42 billion.

  Hans Obermeier for Hypo Real Estate Group

Switzerland, 2009-01-20 | Companies

• Jelmoli - Rise in turnover and rental income despite market downturn

  Despite increasingly difficult market conditions, Jelmoli Retail Trade (House of Brands, Geneva hotel) recorded a 1.5% rise in overall annual turnover as of the fourth quarter 2008 per unchanged floor area.

  Dr. Daniel Gfeller for Jelmoli Holding AG

Berlin, 2009-01-19 | Companies

• Property Finance Europe and Hypoport group agree management buyout, effective this month

  The Frankfurt-based real estate investment publication Property Finance Europe is pleased to announce the signing of an agreement with the finance integrator Hypoport AG, its previous senior investor and publisher, for a management buyout. The agreement took effect on 1 January 2009.

  Michaela Reimann for Hypoport AG

Hessen, 2009-01-19 | Running Deal Commercial Property

• DIC Group sells Commercial Center “Grünhof" in Frankfurt to Bayerische Versicherungskammer

  The Frankfurt-based company DIC - Deutsche Immobilien Chancen AG & Co. KGaA has sold the "Grünhof" commercial center in Frankfurt with about 15,000 sq.m office and commercial space to Bayerische Versicherungskammer (for their supplementary insurance for the Bavarian local authorities). The transaction volume is about EUR 47 million. During the transaction, BVK were advised by the brokers Trompetter Immobilien GmbH.

  Thomas Pfaff Kommunikation for DIC - Deutsche Immobilien Chancen

Hessen, 2009-01-15 | Running Deal Commercial Property

• DIC Asset: Completion of Bienenkorbhaus Building now on the Finishing Stretch

  DIC Asset AG just completed the restoration and restructuring work on the historic Bienenkorbhaus building on Frankfurt's boulevard Zeil on schedule. Meanwhile, 80 percent of altogether 10,500 sqm in commercial floor space (thereof 3,500 sqm retail and 7,000 sqm office space) have already been let and turned over to the new tenants.

  Thomas Pfaff Kommunikation for DIC Asset AG

P.a.c.a, 2009-01-14 | Property Markets, estate agent

• NAI Research-Spotlight of the week: Marseille – Heart of the European-Mediterranean Exchanges

  The independent real estates consultation group NAI apollo (www.nai-apollo.de) lights up this week in collaboration with the international NAI network the real estate location Marseille.

  Silke Hoffmann for NAI apollo