Dubai is being eyed for a USD150 billion investment push from Asian institutional investors. Institutional investors from all over Asia had placed the Dubai market in its crosshairs as a place to invest nearly USD150 billion.
Real Estate
Aldar Properties seek bridge loan to pay off maturing debt
Aldar Properties, after being bailed out by the Abu Dhabi government, had discussed obtaining a bridge loan to pay off debts.
Ledermann postpones IPO due to low demand
Real estate firm Ledermann Immobilien cancelled its planned IPO today because of low demand. Swiss-based real estate firm Ledermann Immobilien said it would not push through with its planned initial public offering (IPO) anymore.
Whitestone REIT acquires Fountain Hills Plaza
Today, Whitestone REIT announced it acquisition of Fountain Hills Plaza paid through an all cash transaction.
Al Habtoor Group plans USD 3 billion real estate investment in Dubai
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
Latest News
The commercial mortgage backed securities, especially after the IPO deal, connected to JCPenney have affected the market as a whole.
Mortgage insurance firm Essent added Wells Fargo into its list of underwriters together with Bank of America, JPMorgan Chase and Barclays.
The Irish NAFA had prepared the way to sell off shares. The National Asset Management Agency of Ireland is in the process of preparing the sale of EUR300 million or USD408 million worth of Irish real estate loans.
Lloyds Banking Dublin portfolio creates buzz for investors. A number of US investment companies such as Apollo Global Management LLC, Goldman Sachs Group Inc and Lone Star Funds have forwarded their bids for 25 properties located in Dublin to be sold off by Lloyds Banking Group.
Three US investment companies reportedly placed bids for the Irish properties of Lloyds Bank. Sources told Bloomberg that Lone Star Funds, Apollo Global Management and Goldman Sachs Group Inc had placed bids for the Irish properties that were put up for sale by Lloyds Banking Group.
