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News

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30 Apr 2008
Rezidor announces the Radisson Hotel Chelyabinsk, Russia

The Rezidor Hotel Group further extends its rapidly growing portfolio in Russia: The Radisson Hotel Chelyabinsk (188 rooms, opening in Q1 2010) brings the group's pipeline of hotels in operation and under development to 20. / Source: HotelNewsResource
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29 Apr 2008
Deutsche

Deutsche Bank AG's RREEF Unit, the world's largest alternative investment manager, plans to invest more than $1 billion over three years in India's real estate and infrastructure assets. / Source: Bloomberg
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29 Apr 2008
Whitbread Net Almost Doubles as Hotel Occupancy Rises

Whitbread Plc, the U.K. owner of Costa coffee shops, said annual profit almost doubled on higher occupancy at its Premier Inn budget hotels in London and a gain from selling the David Lloyd health-club chain. / Source: Bloomberg
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29 Apr 2008
Manufaktura is the Best in Europe – The International Council of Shopping Centres chooses Łódź

Manufaktura has been chosen the best European shopping centre in the category of very large surface developments. The awards of the International Council of Shopping Centres (ICSC) are the most prestigious awards in this sector in Europe. / Source: Arendator.ru
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28 Apr 2008
Carlyle May Pay $525 Million for Stake in NYC Tower

Carlyle Group, the world's second- largest private-equity firm, is poised to buy a stake in the retail portion of 666 Fifth Ave. in New York for $525 million in a transaction that would help the building's owner Jared Kushner repay debt, according to people familiar with the matter. / Source: Bloomberg
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28 Apr 2008
Clise Ends Seattle-Land Sale as Bids Fall Short of $600 Million

Clise Properties Inc., the family- owned developer of office buildings in Seattle, ended talks to sell 12.5 acres of land (5 hectares) in the city because the offers fell short of the company's $600 million target. / Source: Bloomberg
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25 Apr 2008
Punch Profit Declines 24% as Smoking Ban Hurts Sales

Punch Taverns Plc, the largest U.K. pub landlord, said first-half profit declined 24 percent after the company sold outlets, a smoking ban kept drinkers at home and consumer spending slowed. / Source: Bloomberg
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25 Apr 2008
Sorouh First-Quarter Net More Than Triples on Sales

Sorouh Real Estate Co., Abu Dhabi's second-largest property developer, said first-quarter profit more than tripled on sales of land plots. / Source: Bloomberg
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24 Apr 2008
Macau to Halt Casino Growth After Protests at Boom

Macau will stop approving land for new casinos, slowing a gaming explosion that threatened social stability and lured companies including MGM Mirage and Las Vegas Sands Corp. to spend billions of dollars building resorts. / Source: Bloomberg
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24 Apr 2008
China: Property tax unlikely this year

China will not start to levy a general property tax in 2008, because many technical and political issues need to be worked out first, according to officials and analysts. / Source: Lushhomemedia
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23 Apr 2008
McDonald

McDonald's Corp., the world's largest restaurant company, said first-quarter profit rose more than analysts estimated after European revenue gains blunted the first drop in U.S. comparable-store sales in five years. McDonald's fell 1 percent in New York trading. / Source: Bloomberg
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23 Apr 2008
London Office Purchases Fall 38% as Rents Decline, CBRE Says

Central London office building purchases fell 38 percent in the first quarter as rents declined and prices dropped, CB Richard Ellis Group Inc. said. / Source: Bloomberg
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23 Apr 2008
Knight Frank Company has been appointed as an adviser of ?PIN group on leasing of a multipurpose shopping complex

Knight Frank Russia and CIS Company has been appointed as an exclusive adviser of JSC ?PIN on marketing and leasing of a retail and entertainment complex “A.I. Raikin Art, Culture, Retail and Entertainment Centre”, located in Moscow at Sheremetevskaya Street, bld.8. / Source: Arendator.ru
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22 Apr 2008
XXI Profit Surges on Rising Ukrainian Property Values

XXI Century Investments Public Ltd., Ukraine's first publicly traded property developer, said profit surged almost sevenfold last year as the value of malls and offices rose. The shares gained the most in 22 months. / Source: Bloomberg
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22 Apr 2008
Casino Sales Rise 25% on Latin America, France Stores

Casino Guichard-Perrachon SA, the biggest supermarket owner in Paris, said first-quarter revenue rose 25 percent after the retailer expanded in Latin America and French customers returned to Leader Price stores. / Source: Bloomberg
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21 Apr 2008
Abu Dhabi Plans to Double Hotels Rooms by End of 2012

Abu Dhabi, capital of the United Arab Emirates, plans to double its hotel rooms and visitors by the end of 2012 as part of a plan to become less dependent on oil revenue. / Source: Bloomberg
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21 Apr 2008
Arcandor

Arcandor AG's Karstadt department stores may fail to reach their profit target for fiscal 2008, Der Spiegel reported, without saying where it got the information. / Source: Bloomberg
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18 Apr 2008
Palm Hills Aims to Raise $392 Million in Share Sale

Palm Hills Developments SAE, an Egyptian developer controlled by the El Mansour and El Maghraby families, may raise as much as $392 million in a initial public offering to finance projects in the Middle East. / Source: Bloomberg
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18 Apr 2008
Generali Forms New Real Estate Unit to Manage Its Properties

Assicurazioni Generali SpA, Italy's biggest insurer, created a new real estate unit that will manage property worth 23 billion euros ($37 billion). / Source: Bloomberg
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17 Apr 2008
J.C. Penney Offers No New Forecast as Economy Slows

J.C. Penney Co., the third-largest U.S. department-store chain, said it won't provide a revised annual profit forecast at this point as the sluggish economy makes it difficult to predict earnings growth with any certainty. / Source: Bloomberg
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