Briefs

Ghelamco to sell more buildings Agents DTZ Zadelhoff Tie Leung are to launch a marketing campaign on behalf of the Belgian developer the Ghelamco Group, to sell Bokserska Office Centre, Bokserska Distribution Park and Cybernetiki Office Centre in Warsaw. Rating agency downgrades Rheinhyp-BRE Bank Hipoteczny The international ratings agency, Fitch Ratings, has downgraded the national ratings of the mortgage bank Rheinhyp-BRE Bank Hipoteczny, to 'A(pol)' from 'AA+(pol)' and the short-term national rating to 'F1+(pol)' from 'F1+(pol)'. One explanation for this move is that, "RHB's loan portfolio is highly concentrated, its profitability weak and retail loan growth is hampered by aggressive competition for mortgage loans from other Polish universal banks". 2002 and Hochtief The German construction group Hochtief has reported a decrease in its 2002 turnover by 1.5% to EUR 12.78 bln,