Sacyr Vallehermoso SA said it expects to book a €148 mln capital gain from the sale of its option on a 3.1% stake in Banco Bilbao Vizcaya Argentaria SA (BBVA) and its existing 0.471% of the bank. More »

Skanska will be responsible for a total solution including pre-engineering, construction, operation and maintenance of the new courthouse for the Södertörn District Court in Flemingsberg, south of Stockholm. A 20-year lease has been signed with Swedish National Courts Administration. The construction assignment is valued at about SEK 300 million.
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Pillar Property Group plc said its affiliate, the Hercules Trust Unit, has sold its 100% stake in Fosse Park, Leicester for £308m. More »

According to research by Cushman & Wakefield Healey & Baker, Poland has more retail space in the pipeline than any other country in Europe, with 1.6 mln m² expected to be delivered in 2005 and 2006. Second in the rankings come Russia (1.2 mln m²) and Spain (0.8 mln m²). More »

The Bristol Alliance, a joint venture between Land Securities Group PLC and Hammerson plc, yesterday announced that House of Fraser will be the new department store to anchor the Broadmead development in Bristol city center. More »

The Westfield Group (ASX: WDC) has entered into conditional agreements with General Property Trust (ASX: GPT) for the acquisition of interests in three of GPT’s Australian shopping centers. More »

INREV, the European Association for Investors in Non-listed Real Estate Vehicles, yesterday published its Consultation Release as a precursor to the launch of the 2004 INREV performance index at INREV’s inaugural conference in Budapest on 21 April 2005. More »

As declared at last Tuesday‘s press conference, STRABAG Bauholding from Vienna will take over parts of the insolvent Walter Bau AG‘s Dywidag. The construction firm from Augsburg had to declare for insolvency in January, after the rescue plan under the approval of the involved banks had failed. More »