Denmark: Investors focus on property again
Article Abstract:
Investors are increasingly turning to property investments in the wake of the crisis on the international stock market. The global crisis has impacted the property market as well but the impact has been merely a marginal one. Bjarne Jensen of Copenhagen-based Home Erhverv says investors are tired of the global recession and are focusing on real estate. The US-based consultancy company Jones Lang LaSalle Group agreed with this. In its latest new letter it writes that real estate will be a good long-term investment due to stability and a good short-term investment pending a boom. The present economic crisis is deemed more serious than was anticipated earlier and it is expected to extend into 2002. According to Jones Lang LaSalle, property will outpace shares as the best investment object for the second year in a row.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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DENMARK:SHOPPING/OFFICE CENTRE CONSTRUCTION DELAYED
Article Abstract:
The construction of the 146,000 sq m shopping mall/office/hotel centre Field's in Orestaden in Denmark will be delayed by at least four years as TK Development has not been able to find a suitable firm of contractors for the construction of the centre. TK Development has been negotiating with three firms in the past 18 months for the contract evaluated at some DKr2.5bn.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Tiscali sold property
Article Abstract:
the Internet service provider Tiscali has sold real estate to a value of DKr340mn(US$41mn) to PFA, Danish pension insurance company. The property is situated at Kalkbranderihavnen, Copenhagen. Tiscali that bought the property for DKr300mn will lease 3000 square metres of office space, and the remaining 9000 will be leased by SAP, e-business solutions provider.
Publication Name: Boersen
Subject: Business, international
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Year: 2001
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