Real Estate Development & Operations

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Palace Capital announces change of Auditor

5:30am EST

Palace Capital PLC:Appoints BDO LLP to succeed Crowe Clark Whitehill LLP.Crowe Clark Whitehill LLP has resigned at the request of the Company.

AP (Thailand) PCL announces establishment of subsidiary

5:25am EST

AP (Thailand) PCL:To establish a subsidiary, Asian Property (2014) Co., Ltd.Registered capital of 10,000,000 Baht, 1,000,000 ordinary registered shares, with the par value of 10 Baht per share.Type of business is property development.

SRV Yhtiot Oyj founds joint venture

3:40am EST

SRV Yhtiot Oyj:SRV, Ilmarinen Mutual Pension Insurance Company, and OP-Pohjola Group's insurance and pension communities as well as a real estate fund managed by group negotiated founding of a joint venture.Joint venture is founded for implementing the REDI shopping centre and parking facility at Kalasatama, Helsinki.Joint investment holdings will be divided between investors such that SRV's holding is 45 pct, Ilmarinen's holding is 40 pct, and OP-Pohjola Group's and Group's fund's holding is 15 pct.Says total value of shopping centre and parking facility investment is around 480 million euros, of which half consists of owners' capital investments.Says SRV's goal is, as soon as possible after formation of joint venture, to sign with joint venture a contract valued at around 400 million euros.

Mitsubishi Estate Co Ltd to sell trust beneficiary right of property to Mizuho Financial Group and expects extraordinary profit for FY 2015

2:00am EST

Mitsubishi Estate Co Ltd:To sell trust beneficiary right of a property located in Tokyo to Mizuho Financial Group, at price of 159 bln yen.Planned effective Nov. 28.Expected extraordinary profit of about 36.5 bln yen for FY ending March 2015.

Avanta Serviced Office Group plc updates on FY 2014 guidance

2:00am EST

Avanta Serviced Office Group plc:Says that for FY 2014 it expects revenues and earnings to be materially ahead of current market expectations and to post only a slight loss before tax.

S IMMO AG confirms FY 2014 outlook

1:45am EST

S IMMO AG:Says targets for FY 2014 confirmed.Says reaffirms its goal for FY 2014: once again to increase results of previous year.

MAINICHI COMNET CO LTD raises consolidated mid-year outlook for FY 2015

1:35am EST

MAINICHI COMNET CO LTD:Says the company increased the consolidated mid-year outlook for revenue to 5,940 million yen from 5,320 million yen for the fiscal year ending March 2015.Operating profit forecast increased to 550 million yen from 317 million yen.Ordinary profit forecast increased to 460 million yen from 201 million yen.Net profit forecast increased to 254 million yen from 80 million yen.Earnings per share increased to 28.22 yen from 8.89 yen.Comments that the increased sales of real estate solution business and student life solution business, as well as the decreased selling and general administrative expenses are the main reasons for the forecast.

DLF Ltd deposits 1 bln Indian rupees with Supreme Court - Business Standard

12:40am EST

DLF Ltd:Says deposited 1 bln Indian rupees with the Supreme Court registry - a part of 6.3 bln Indian rupees (630 crore rupees) penalty imposed on it by the Competition Commission of India for alleged one-sided contracts for flat buyers in Gurgaon - Business Standard.Senior counsel Harish Salve, while seeking adjournment of the hearing till Nov. 28, told the apex court bench headed by Justice Anil R. Dave that to establish their bonafide, they are depositing 1 bln Indian rupees (100 crore rupees) with the apex court registry.Salve produced before the court a cheque of 1 bln Indian rupees.With this, DLF has deposited 1.50 bln rupees with court registry.500 mln rupees was deposited by the real estate giant earlier.


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Provider: VRS (Valuation & Research Specialists)
Provider: Edison Investment Research
Provider: Swiss Capital
Provider: Edison Investment Research
Provider: VRS (Valuation & Research Specialists)

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