JAFZA breaks ground at new Logistics Park
NEW DELHI: DP World’s leading trade and logistics hub, held a ground-breaking ceremony for the first phase of its new “Jafza Logistics Park”, which is scheduled for completion in 2023…. Read more »
Category: World
UK house prices rise at fastest rate since 2007:Halifax
British house prices are rising at the fastest rate since before the global financial crisis as a shortage of sellers continued to pump up the housing market, mortgage lender Halifax… Read more »
Workspace to buy property firm McKay Securities for $362 million
NEW DELHI: London-focused office-space provider Workspace Group WKP.L said on Wednesday it plans to buy commercial property firm McKay Securities MCKS.L for about 272 million pounds ($361.7 million) amid a… Read more »
Google buys office building in London for $1 billion
LONDON: Tech giant Google has spent $1 billion to buy a central London building where it is currently a tenant, showing its confidence in the future of the office as… Read more »
Italian government extends generous incentive program for property renovations
NEW DELHI: The Italian government has decided to extend an hugely advantageous incentive program for people renovating property in Italy. Davies & Associates LLC, a New York headquartered immigration law… Read more »
Australia’s Qantas to sell land for $595 million to LOGOS Property Group led consortium
SYDNEY: Australia’s Qantas Airways Ltd said on Friday it had agreed an A$802 million ($595 million) deal to sell land near Sydney Airport to a consortium led by LOGOS Property… Read more »
Singapore: ESR-REIT to buy ARA LOGOS for $1 billion
SINGAPORE: Singapore’s ESR-REIT has proposed to buy ARA LOGOS Logistics Trust for about S$1.4 billion ($1.04 billion), their managers said on Friday, adding to consolidation among the city-state’s real estate… Read more »
China’s President calls for progress on property tax in drive for prosperity
BEIJING: China’s President Xi Jinping warned against government over-promising on social welfare amid a push to achieve “common prosperity” by mid-century, while demanding progress on a long-awaited property tax that… Read more »
Starwood Capital raises $10 billion for latest real estate fund
BENGALURU: Starwood Capital Group said on Friday it had raised $10 billion for its latest real estate fund, bringing the U.S. investment firm’s total assets under management to over $95… Read more »
Hammerson posts loss of nearly $2.4 billion for 2020
BENGALURU: Hammerson lost 1.7 billion pounds ($2.4 billion) in 2020 as the coronavirus crisis knocked the value of its malls, prompting immediate asset sales and a longer-term debt warning. The… Read more »