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 …

Chinese cities continue to lead luxury price index : Knight Frank

According to the  Prime Global Cities Index results luxury residential property prices increased by 4.3% in the year to March across 41 cities in the world with the addition this quarter of Istanbul and St Petersburg. Although the world is in a state of political and economic flux at present and inevitably we are seeing a degree of safe haven investment flows into luxury property …

HSBC’s new global study : 82% of millennials in Canada expect to buy their first home in the next five years, despite facing significant barriers

According to HSBC’s new global study, Beyond the Bricks: the meaning of home,an independent consumer research study on home ownership based on feedback from 9,000 people across nine countries – including 1,000 in Canada, slow salary growth and house price inflation are the greatest barriers for many millennials in Canada and around the world to …

The most preferred real estate markets by GCC-based investors in the world

GCC-based High Net Worth Individuals are set to continue investing in global real estate for the remainder of the year, with 63% claiming that they are likely to invest in their most preferred real estate investment location during 2016,  according to the Cluttons’ latest report. The third instalment of Cluttons’ 2016 Middle East Private Capital …

London, New York and Singapore most preferred real estate markets by GCC-based investors, says Cluttons

GCC-based High Net Worth Individuals are set to continue investing in global real estate for the remainder of the year, with 63% claiming that they are likely to invest in their most preferred real estate investment location during 2016,  according to the Cluttons’ latest report. The third instalment of Cluttons’ 2016 Middle East Private Capital …

Knight Frank launches the Global Residential Cities Index for Q1 2016

Knight Frank, the independent global property consultancy, has launched the Global Residential Cities Index for Q1 2016 which tracks the performance of mainstream house prices across 150 cities worldwide based on official house price data published by either National Statistic Offices or Central Banks. The index increased by 4.5% in the year to March 2016. …

Global house prices increase in Q1 2016, Turkey and Australia top performing countries: Knight Frank

Knight Frank, the global property consultancy firm, has launched the Global House Price Index  for Q1 2016. The index monitored and compared the performance of mainstream residential markets in 55 countries across the world. The index grew by 3.4% on average in the 12 months to March 2016, but top performing countries such as Turkey …