Deyaar Development, a developer listed in Dubai, continued to offer company projects and increased 7.4 percent in 2018. Net revenue for 12 months to Dh40 million by the end of December, the company announced on Wednesday, announcing it to the Dubai Financial Market, where its shares were traded. However, the revenues dropped to Dh643.7m at …
Tag Archives: real estate news
Kansas Pers earmarks up to $305m for real estate in 2019
Kansas Public Employess Retirement System (PERS) plan to invest up to $305m in real estate in 2019. The $19bn pension said in a board meeting report that it plans to allocate up to $200m and $105m, respectively, to core and non-core real estate funds next year. The majority of the capital is expected to be …
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Greystar Real Estate Partners-led consortium acquires Monogram Residential Trust for $3 bln
Monogram Residential Trust, Inc. , an owner, operator and developer of luxury apartment communities with a significant presence in select coastal markets, announced that it has entered into a definitive merger agreement to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, LP, led by Greystar Real Estate Partners and …
Hines sells Mercedes-Benz Bank building in Stuttgart
Hines, the international real estate firm, announced the sale of the Mercedes-Benz Bank building which comprises of app. 24,000 sqm in Stuttgart to the Baden-Württemberg Stiftung gGmbH. The distinctive property which Hines acquired in February 2013 is characterized by its prominent architecture and excellent visibility on one of the most frequented roads of the Stuttgart …
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Canada Pension Plan acquires Houston-based REIT for $1.2bn
Canada Pension Plan Investment Board (“CPPIB”) and Parkway, Inc. (NYSE: PKY) (“Parkway”) announced that they have entered into a definitive agreement under which CPPIB will acquire 100% of Parkway, a Houston-based real estate investment trust, for US$1.2 billion, or US$23.05 per share. The transaction is not subject to a financing condition and is expected to …
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Second home mortgage range launched by Leeds Building Society
Leeds Building Society has responded to borrower and broker demand by introducing a new range of mortgages for second homes. “We were receiving applications from an increasing number of home owners wanting to buy a second property,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution. “Building on our extensive experience in Holiday …
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China Vanke buys land assets of bankrupt Guangdong International Trust for $8.13 billion
China Vanke Co., Ltd announced that Guangzhou Wanxi Real Estate Co., Ltd., a wholly-owned subsidiary of the company, won the bid for the acquisition of the 100% equity interest in Guangdong Trust Real Estate Development Corporation held by Guangdong International Trust Investment Corporation (“Guangdong International Trust”), the 100% interest of Guangdong International Trust in its …
U.S new home sales rise 2.9 pct in May
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly by the Department of Housing and Urban Development and the U.S. Census Bureau. This is 2.9 percent (±13.0 percent) above the revised April rate of 593,000, and is 8.9 percent (±21.9 percent) above …
The most expensive office locations in the world
Hong Kong (Central) and London’s West End topped the list of prime office occupancy costs again, according to CBRE Research’s latest annual Global Prime Office Occupancy Costs report. Hong Kong (Central) and London’s West End remained the two most expensive office locations in the world. Hong Kong’s (Central) overall prime occupancy costs of US$303 per sq. ft. per year …
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New home developments in London : Highgate Court
Highgate Court is a prestigious development of 1, 2 and 3-bedroom apartments – including one penthouse – and a luxury 5-bedroom townhouse in Highgate, designed to appeal to a range of buyers, including professionals and investors. An on-site concierge service is provided for residents within the main entrance to the development and car parking can be …
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