Issue 2011 November 08th

This issue was created on 2011-11-08 11:52:00

  • DTZ and Cordea Savills announce plansNovember 8, 2011
International property broker DTZ said this morning it has selected Australian listed property services firm UGL as its preferred bidder. UGL, which is also active in Asia, North America and the Middle East but not in Europe, is required to make a firm offer for DTZ by no later than 5.00pm on 6 December 2011. Meanwhile, Cordea Savills, the international property fund manager, is reopening its Nordic Retail Fund to raise additional capital for further investment. The fund has a total return target of 10% per annum and will focus on both in and out-of-town retail formats where there is a strong income profile and the potential to add value.
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