FRANCE: HAMMERSON TO MAKE MAJOR INVESTMENTS

Article Abstract:

In 1997 just 7% of the property assets of the British real estate group Hammerson were based in France, in February 1999 France accounts for 18% of the total. Hammerson is recentering its activity on Europe, notably France where its strategy is to seize any acquisition opportunity that concerns offices or shopping centres costing more than FFr 400mn-FFr 500mn. It has already invested FFr 52mn in the Cergy-Trois Fontaines , and in a second at St. Quentin-en-Yvelines. It has chosen to employ a value-added marketing type management strategy instead of a traditional property management system.

United Kingdom, Strategy & planning, France, Office Buildings, Office construction, Hammerson Property Investment and Development Corporation PLC

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Latvia: Kristensen Property in a shopping mall project

Article Abstract:

Danish Kristensen Properties A/S has inaugurated the first of its four building projects in the Riga, the capital of Latvia. This is a 6,500-sq-m shopping mall for around DKr85mn (US$10.2mn). The mall is expected to be leased to institutional investors.

Danish Kristensen Properties A/S

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LATVIA: DANISH COMPANY TO BUILD RETAIL CENTRES

Article Abstract:

The Danish company Thorkild Kristensen Properties will invest DKr 40-5mn (USD 6-8mn) in a new retail centre in Riga, Latvia, in the next few months. The company is planning for several retail centres in Latvia in the next four-five years.

Capital expenditures, Thorkild Kristensen Properties

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