DENMARK: JEUDAN'S FIRST-HALF RESULTS
Article Abstract:
Jeudan, the Danish property company, reports a 14% growth in turnover to DKr129mn (US$14.4mn) in the first half of 2001 whereas operating profit rose 21% to DKr28mn. Profit per share rose 25% to DKr5.4. Jeudan MD Per Hallgren says the company has an investment capacity of DKr600mn provided that the company's strategy of a solvency rate of 25% is to be retained. The company's vast investment capacity is ascribed to the fact that it has not bought properties in the past six months and that the company received an extraordinary income of DKr80mn at the end of 2000 as a result of the limited ownership a 25% stake in property company Norden. Hallgren says the company is waiting for sensible property investments to crop up.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Jeudan has acquired properties in Copenhagen
Article Abstract:
The Danish real estate company Jeudan has acquired properties for DKr 500mn (USD 61mn) from the real estate company Norden. The properties are located in central Copenhagen (Amaliegade, Bredgade, Toldbodgate and Krystalgade). The area totals 34,000 sq. metres, mainly office premises. Jeudan has allocated further DKr 2bn for future investments.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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DENMARK: MORE EMPTY COMMERCIAL PROPERTIES
Article Abstract:
After a 4-year long drop, the number of empty commercial properties has begun to increase. Office property is still in demand, while more warehouses are empty now. The largest increase in empty properties is seen in the "others"-category.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2000
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