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NEW SOUTH WALES, AUSTRALIA-Australian developer Multiplex pulls out of talks with New York City-based REIT New Plan Excel to buy 100 shopping centers in the US for A$1bn ($731 million).
NEW SOUTH WALES, AUSTRALIA-Australian developer Multiplex pulls out of talks with New York City-based REIT New Plan Excel to buy 100 shopping centers in the US for A$1bn ($731 million).
LONDON-Heron drops plans to launch a bid for Crest Nicholson that would have valued the housebuilder at euro 703 million ($912 million). But the developer has retained its 23.4% stake in Crest and has not ruled out launching a bid at a later stage.
LONDON-Heron drops plans to launch a bid for Crest Nicholson that would have valued the housebuilder at euro 703 million ($912 million). But the developer has retained its 23.4% stake in Crest and has not ruled out launching a bid at a later stage.
LONDON-Canary Wharf Group is to pay back euro 983 million ($1.3 billion) of bonds secured on 12 buildings. Once the payback is completed, the group is expected to make further disposals from the group's Docklands estate.
LONDON-Canary Wharf Group is to pay back euro 983 million ($1.3 billion) of bonds secured on 12 buildings. Once the payback is completed, the group is expected to make further disposals from the group's Docklands estate.
LONDON-One of Britain's largest banks has unveiled plans to launch a review of the assets of two subsidiaries with plans to reduce its exposure to real estate. The sale could fetch up to euro 2 billion ($2.6 billion) and makes Abbey the third major property fund in the UK to decide to cut its exposure to property in the last year.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide, Lehman Brothers and Starwood Capital plan to make a series of proposals to acquire the brand, management and franchise business of Le Meridien Hotels & Resorts, as well as the owned and leased hotel portfolio of the financially troubled London-based hotelier.
WHITE PLAINS-Starwood Hotels & Resorts Worldwide, Lehman Brothers and Starwood Capital plan to make a series of proposals to acquire the brand, management and franchise business of Le Meridien Hotels & Resorts, as well as the owned and leased hotel portfolio of the financially troubled London-based hotelier.
LONDON-Land Securities has signed one of the biggest deals in the city this year. The quoted developer has sold 30 Gresham Street, EC2, to the Government of Singapore Investment Corp. for euro 402 million ($521.6 million).
