_Economy and Finance

Dresdner takeover could spell bad news for Frankfurt's office market Date: 8 September 2008 Commerzbank's acquisition earlier this month of rival Dresdner Bank from insurer Allianz for EUR 9.8 bn will not only shake up Germany's financial landscape but could also cast a shadow over Frankfurt's office market. http://www.propertyeu.info/index-newsletter/dresdner-takeover-could-spell-bad-news-for-frankfurts-office-market/

http://www.wilkinsonwilliams.co.uk/ LaSalle Acquire Tesco Foodstore Adjacent Oxford Shopping Park HSBC, a client fund of LaSalle Investment Management acquired the Tesco supermarket adjacent to its existing Oxford Shopping Park for a price of £35.959m reflecting a net initial yield of 4.9%, an equated yield of 5.6% and a reversionary yield of 7.81% based upon the assumed RPI uplifts throughout the term from Tesco. The property is let to Tesco Stores Limited with a guarantee from Tesco PLC for a period of 20 years from completion subject to a tenant’s option to extend the term for up to an additional 30 year term at a rent equating to £25.00 per sq ft. The supermarket extends to approximately 65,000 sq ft together with surface car parking for 510 customer cars. Wilkinson Williams acted for LaSalle.

Frankfurt property market in freefall BY EDWARD HARRISON / ON 26 AUGUST 2008 AT 13:00 / As far back as May, I had warned that commercial property was destined for a bust — collateral damage in the real economy. In particular, I mentioned the U.S. commercial real estate (CRE) market as a particular problem for local and regional banks, which have large exposure to the CRE market. In May, I also mentioned incipient declines in the London commercial property market. http://www.creditwritedowns.com/2008/08/frankfurt-property-market-in-freefall.html

http://www.guardian.co.uk/business/2008/aug/22/tesco.supermarkets Tesco sells 13 stores and a depot for £600m to fund expansion plans · Deal is part of five-year plan to raise £5bn · Properties leased back with rents linked to RPI Julia Finch, City editor The Guardian, Friday 22 August 2008 Tesco is selling 13 stores and a depot to raise cash to fund expansion. The supermarket group has agreed sale and leaseback deals with property investors to raise more than £600m to fund growth.

http://www.redorbit.com/ Russian Oil Companies to Use New Reserve Classification From 2009 – Trutnev July 11, 2008 ARKHANGELSK. July 11 (Interfax) – Russian oil companies will move to a new oil reserve classification beginning in 2009, Natural Resources Minister Yury Trutnev said.

http://www.studley.com/research-documents-search-results.htm?l=San Francisco Market Boundaries - San Francisco PDF map showing definition of market boundaries as used in reports http://www.studley.com/research-documents-search-results.htm?l=San Francisco

Business Fuel from Algae A startup's new process could make fuel from algae as cheap as petroleum. Friday, February 22, 2008 By Kevin Bullis Green fuel: A startup has developed a method for converting the algae shown here into fuel. Solazyme