Commercial Property News Archive for 26-Jul-2007

ACE gets approval for Bahrain property and casualty operations (Insurance Business Review)

The ACE Group of Companies has received approval from the Central Bank of Bahrain to underwrite commercial property and casualty insurance and reinsurance in Bahrain.

Report: 35,000 jobs to go in construction by 2008 (Sunday Business Post)

Numbers employed in the Construction sector could fall by 35,000 between now and 2008, this is according to research conducted by Davy Stockbrokers. However, the research also indicates that these job losses will be offset by 15,000 new jobs in commercial property development and infrastructure.

DaVinci Fails to Win Support for Hostile Bid for TOC (Update1) (Bloomberg.com)

July 24 (Bloomberg) -- K.K. DaVinci Advisors, which runs Japan's biggest real estate fund, abandoned a 103.3 billion yen ($854 million) hostile takeover offer for commercial property leasing firm TOC Co.

US growth outweighs housing slump (BBC News)

Growth in manufacturing and commercial property outweighed the housing slump in June and July, the Federal Reserve says.

DaVinci Fails to Win Support for Hostile Bid for TOC (Update2) (Bloomberg.com)

July 24 (Bloomberg) -- K.K. DaVinci Advisors dropped its attempt to complete Japan's first hostile takeover after shareholders of commercial property landlord TOC Co. rejected its 103.3 billion yen ($856 million) offer.