Political and financial upheaval in some of the world's largest emerging economies is driving a new wave of rich migrants to London's supercharged property market as a place to park their wealth, data from a leading real estate agency showed on Friday.
Tags: Real estate
Sears Holdings explores creation of REIT to raise cash
Struggling retailer Sears Holdings Corp (SHLD.O) said it was exploring the conversion of 200-300 stores to a real estate investment trust (REIT) and offer it to shareholders through a rights offering to raise cash.
China's central bank sees 'very low' risk of hard landing
The chance of a hard landing for China's economy is very small in spite of worries about the country's real-estate sector, the chief economist of the People's Bank of China said on Saturday.
Italian real estate firm Risanamento inks deal to sell nine of its French properties
Risanamento has announced on Wednesday that the company would sell eight of its properties in France to Chelsfield and The Olayan Group while company shareholder Luigi Zunino was offered one property, reported Reuters.
Tom Brady and Gisele Bundchen selling LA luxury estate
Tom Brady and Gisele Bundchen are selling their Los Angeles luxury estate after 4 years of construction amounting to a hefty USD40 million.
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Nakheel said in its statement on Thursday that it was able to close sales of land plots in the Al Furjan and Jumeirah Village Triangle areas worth a collective $44.1 million or over AED162 million.
Formosa International Hotels chairman Steven Pan Si-liang is not daunted to the task of expanding the Regent Hotel brand to saturated Hong Kong and China markets, as evident in a recent interview by the South China Morning Post.
An economics expert told Minnesota Public Radio News that the Blackstone Group's strategy to acquire private homes across the US was strategic as the latter was able to dominate and capitalize opportunities in a new market segment.
China-based developer Guangzhou R&F Properties Co will be making its first acquisition abroad, paying USD 1.4 billion to the Sultan of Johor for six sites in Johor Bahru in Malaysia.
New data released by the the Office for National Statistics in London today indicated a brighter economic outlook in the UK, thanks largely to an increase in business investments and home constructions.
According to a new report by the Associated General Contractors of America, Mississippi has led the US in construction job growth third quarter of this year. Former leader Tennessee has dropped to rank number 44.
Singapore's Ascendas Pte Ltd. on Tuesday said it would raise SGD600 million (USD481.6 million) to invest in real estate in India. Singapore's sovereign wealth fund, GIC Pte Ltd. would be a principal investor in Ascenda's fund.
Small business franchises had been scurrying up to acquire Blockbuster's last 300 stores for its prime retail location, high visibility and access to great parking.
Chinese institutional investors' outbound investment in real estate will continue to increase next year as buying opportunities emerge in the United States and Europe and international financial institutions dispose of their property assets.
