All Property Week articles in Global May 2009 – Page 2
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News
Rossmann expands in CEE
Germany’s third-largest drugstore chain Rossmann is to open 110 stores in 2009
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NewsCanada pension fund seizes Macklowe’s NY office tower
FT’s US headquarters is real estate magnate’s latest scheme to fall to creditors
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NewsUS private equity group buys failed Japanese firm
Lone Star Fund is to buy Japanese property company New City Residence Investment Corporation for $1.2bn (£814m)
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Corio buys Turkish mall
Corio has bought the 329,378 sq ft (30,600 sq m) Tekira shopping centre in Turkey for €67.6m (£60.8m) at a gross yield of 8.9%
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News
Lehman bond extension
A vote to decide the future of the Coeur Défense office project in Paris has been delayed, after bondholders agreed to an extension
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NewsMy Big Move
Peter Wilding left Australia to travel around Asia, before settling in Abu Dhabi as deputy CEO of Capitala. He tells Sean McAllister about the emirate’s property opportunities, surfing, and handing out prizes to Andy Murray
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News
DHL´s Benelux leaseback
WDP’s shareholders have approved a plan for the close-ended property fund to buy three logistics sites and lease them back to DHL
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NewsPEPR in talks with lenders as auditor casts doubt on its chances of survival
‘Material uncertainty’ over viability of ProLogis’s European wing after it posts €577.9m loss for 2008
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News
MGM in last-ditch attempt to stop Vegas scheme from becoming mirage
Casino operator renegotiates with lenders as partner Dubai World files lawsuit over cost overruns
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News
HSBC to sell assets
HSBC is looking for buyers for three of its largest offices in London’s Canary Wharf, New York and Paris as part of a global asset sell-off in an effort to secure fresh funding
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News
Grosvenor committed to Asia
Grosvenor chief executive Mark Preston remains committed to growth in Asia despite posting a fall in revenue of HK$92m (£8.1m) for 2008 and a -12.1% return on its property assets
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NewsSTEVE CUOZZO: The market has severe reservations about New York hotels
The New York City hotel business is in more than one kind of pickle
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News
Cambridge wins EB8 Mandate
Cambridge Place Property Services has been appointed to manage the €250m (£225m) EB8 Fund
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News
Dubai resi to fall by 70%
UBS says Dubai house prices may fall by as much as 70% from their peak last year as demand drops and banks fail to resume lending
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News
Europe office rents fall 12%
Global prime office rents fell by an average of 4.25% in 2008, according to Knight Frank
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NewsMorgan Stanley posts $1bn loss on real estate investments
Morgan Stanley lost $1bn (£680m) on real estate investments during the first three months of 2009
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News
Unibail-Rodamco´s Q1 rise..
Europe’s largest real estate company, Unibail-Rodamco, said first-quarter revenue rose 3.3% to €417m (£378m) because of higher rental income at its malls
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