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In this section you will find current Property-News regarding the international real estate economy. Keep up with the market every day - without delay.
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Latest Property Press Releases
Great Britain | Commercial Property Europe
Great Britain: A new high quality office development by St Modwen Properties PLC at Trident Business Park, Risley, Warrington, has been considered so good that the building contractor and two locally-based property development companies have decided to buy them even before construction is complete. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: British Land and the closed-end fund PREF have formed a joint venture to acquire a prime regional shopping centre and retail park in Murcia, Spain for circa €350 million from Deparcom (a joint venture between Eroski and Grupo Trusam). Completion of the transaction is anticipated before the summer following satisfactory due diligence. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Masterlord Industrial Park at Leiston, Suffolk, has just been sold through agents Douglas Duff, part of the Erinaceous Group, to Shenfield-based Fortis Property Investment LLP. The terrace of six industrial/warehouse units totalling 82,839 sq ft (7,696 sq m) were sold together with a further commercial development site. Some 25 miles from Ipswich, the buildings are on a site of 4.8 acres (1.94 hectares) situated just four miles from the main A12 trunk route. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: The end of 2006 brought to a close a three-year period of turbulence for open-ended real estate funds, as evidenced by the changes in investment volume. Rapid growth from EUR 50.4 billion in 2000 to EUR 85.1 billion in 2003 (+69%) was followed by a series of sharp declines to EUR 75.5 billion (-11%) by the end of 2006. Now the sector is growing again and everything could return to normal... were it not for the upcoming amendments to the German Investment Act, that is. The draft amendments were published on 18 January 2007 and contain numerous changes that relate in particular to open-ended real estate funds, based on a desire to draw lessons from the crisis. But what caused the crisis in the first place? more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Only two months after Bulgaria joined the EU, property prices in the country registered a 10 per cent increase. According to Katya Tsenova, Address Real Estate Agency's executive director, the reason for such significant price hike is the constantly increasing demand and the lack of supply during January and February. According to Javlena Real Estate Agency's managing director Strahil Ivanov inquiries for home purchase are two times more than the properties offered for sale, Week magazine reports. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Corporate and commercial law firm SJ Berwin’s real estate department has advised a Gazeley/Land Securities Joint Venture on the sale of Unit 1 Magna Park MK, to The Crown Estate for approximately £73 million. The building is a distribution warehouse currently under construction and pre-let to John Lewis plc. It is the first sale of the development. The SJ Berwin team was led by real estate partner Michael Scott, assisted by associate Louise Cartwright. Richard Read of Burgess Salmon advised the Crown. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Two years have gone by since the adoption of the name ‘Sonae Sierra’ – officially presented on the February 28th, 2005 – and this study, carried out with the purpose of evaluating the success of the new brand in terms of new perceptions of the Company and the creation of added value, demonstrates that the re-branding project was not only well accepted by the different audiences, but it also helped the Company to increase its value. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: Bilfinger Berger substantially expanded its volume of business and significantly increased its earnings in the past financial year. The Group also took important steps to further implement its corporate strategy: the services business was expanded once again and attractive new projects were added to the private-sector concessions portfolio. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: British Land became a REIT on 1 January, 2007 -confident that new status will add materially to shareholder value -activist property strategy facilitated and progressing well -Q3 results reflect charges and provisions for REIT entry costs more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: The British Land Company PLC and international law firm Mayer, Brown, Rowe & Maw LLP have agreed non-binding Heads of Terms for a pre-letting of 223,000 sq ft at 201 Bishopsgate, one of two new flagship developments at Broadgate currently under construction and on track for completion in early 2008. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: Doughty Hanson & Co Real Estate, one of the largest and most successful European real estate fund managers, has sold Office Park Nové Butovice, a leading business park in Prague, for €89.5 million (US$ 116 million) to Czech and Slovak Property Fund B.V. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: Equest Balkan Properties plc (”EBP” or the ”Company”), the specialist property investment company focused on commercial, retail and industrial property in South Eastern Europe today announces an update on its first year’s operations. This update is being provided in advance of EBP’s preliminary results announcement for the period from incorporation to 31 December 2006, which will be issued on 18 April 2007. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: EIRE (Expo Italia Real Estate) has quickly established itself as the foremost Italian real estate exhibition, and a major European and international trade fair in the property market. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: ING Real Estate Finance (USA) LLC successfully closed a USD106.2 million first mortgage construction loan to Block Three Development Partners LLC. ING Real Estate Finance's Los Angeles office acted as Administrative Agent and underwrote the entire loan amount. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: Functioning as a global market place, MIPIM provides a unique opportunity for industry decision-makers to meet, develop long-term relationships and showcase their latest projects. Over 4 days, participants collaborate to shape the future of the rapidly expanding international real estate market. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: ORCO Property Group, a leading investor, developer and asset manager in the Central and Eastern European real estate and hospitality markets, is pleased to announce that it will be participating in the international real estate and investment opportunities trade fair MIPIM 2007. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: On January 23, 2007, we reported results for the fourth quarter and full year 2006. Funds from operations per fully diluted share and unit was $1.01 for the fourth quarter of 2006, as compared to $1.15 for the same quarter in 2005. Funds from operations per fully diluted share and unit for the full year ended December 31, 2006 increased 13.5% to $3.12 from $2.75 for 2005. Funds from operations per fully diluted share and unit in the fourth quarter included better than expected results from core operations and higher incentive fees, partially offset by $0.05 of charges related to executive departures. Excluding the $0.05 charge, funds from operations per fully diluted share and unit for the fourth quarter of 2006 would have been $1.06. Net income available to common stockholders per fully diluted share was $0.91 for the fourth quarter of 2006, as compared to $1.56 for the same quarter in 2005. Net income available to common stockholders per fully diluted share for the full year ended December 31, 2006 was $2.30, as compared to $2.85 for 2005. The decreases for the quarter and full year were due primarily to lower levels of gains on dispositions of operating properties. more
property-magazine.de for 2007-03-13
Great Britain | Property Events
Great Britain: Robert Ricci, until now Chief Executive Officer of BNP Paribas Suisse, returns to Italy where, from 1992 to 2003, he had been Chief Executive of BNP Paribas. He began his career in the Group in 1971 and in 1989 he arrived in Milan as Deputy CEO of the Paribas Group. With his deep knowledge of the Italian financial and manufacturing markets, Ricci made a very significant contribution to the development of the business and the BNP Paribas brand in Italy. He is a member of the Board of Directors of many companies and has an extensive network of high-level contacts in the financial, business and public administration sectors. more
property-magazine.de for 2007-03-13
| Commercial Property Investment, International
: Abu Dhabi: Manazel Real Estate, the Abu Dhabi based leading real estate developer, has invested more than $2.5 billion in a three major projects in the UAE. more
Gulf News 2007-03-13
| Property Funds, Property Renting, Property Markets, Commercial property: Office, International
: March 13 (Bloomberg) -- Asian real estate offers better value than property stocks because the region's equity markets are still ``vulnerable,'' said Marc Faber, an investor who predicted the U.S. stock market crash in 1987. more
Bloomberg - USA 2007-03-13

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