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In this section you will find current Property-News regarding the international real estate economy. Keep up with the market every day - without delay.
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Latest Property Press Releases
Great Britain | International
Great Britain: In 2006, Vivacon sold apartments valued at a total of 571m Euro, which is an increase of 55% on the 368m Euro achieved in the previous year. In total 12,946 units were sold in 2006, which represents an increase of 53% year-on-year. The majority of the transactions were disposals of individual asset-holding companies, so called “share deals”. As in such “share deals” only the realised margin is recognised as revenue, rather than the total value of the real estate portfolio sold (transaction volume), stated revenues are significantly lower than transaction volume. In 2006, group revenues reached 122m Euro, compared to 55m Euro in the year before (+122%). more
property-magazine.de for 2007-03-13
Global | International
Global: Corio announces the acquisition of a 40% interest in Teras Park shopping center currently under development in Denizli, in the south west of Turkey, for an amount of approximately 55 million Euro. The shopping centre will comprise approximately 55,000 m² gross lettable area. more
property-magazine.de for 2007-03-13
Global | International
Global: Cushman & Wakefield announced today the completion of the $1.8 billion sale of 666 Fifth Ave., which marks the largest single-building sale in history. more
property-magazine.de for 2007-03-13
Global | International
Global: Micro and small enterprises in Armenia will benefit from a $5 million loan the EBRD is providing to CJSC Inecobank, a growing local bank with a strong business focus. In addition, the EBRD will also increase Inecobank’s limit under the Trade Finance Programme to $1 million. Technical cooperation funds provided by USAID and the EBRD’s Early Transition Countries Multi-donor Fund will complement the agreement and be used to strengthen lending procedures and skills at Inecobank. more
property-magazine.de for 2007-03-13
Global | International
Global: Hochtief's American subsidiary Turner Construction Company has further strengthened its leading position in the healthcare facilities segment. It has been selected to serve as the general contractor for the construction of the Mirabella Continued Care Community in Seattle, Washington. The contract, awarded by Pacific Retirement Services Inc., has a volume of EUR 113 million (USD 148 million). Turner recently won the contract to build a replacement hospital for the University Medical Center at Princeton in Plainsboro Township, New Jersey. Both sides have agreed to maintain confidentiality on the volume of the contract. more
property-magazine.de for 2007-03-13
Global | International
Global: ING Real Estate today announced that its ING Real Estate China Opportunity Fund ("COF") has signed an agreement with Gemdale Corporation, one of the largest property developers in China, to set up a joint venture to develop a residential property project in Foshan, one of the most populated cities in Guangdong province. This is the second joint venture between ING Real Estate and Gemdale Corporation. more
property-magazine.de for 2007-03-13
Global | International
Global: Interstate Hotels & Resorts (NYSE: IHR), one of the nation's largest independent hotel management companies, today announced that it has sold its BridgeStreet Worldwide corporate housing subsidiary to an affiliate of Sorrento Asset Management, a Dublin, Ireland-based company for net proceeds of approximately $40.5 million. The company said that proceeds will be redeployed into investments in hotel real estate through wholly owned acquisitions and joint ventures. more
property-magazine.de for 2007-03-13
Global | International
Global: London's West End district retains its title as the world's most expensive office location in this year's edition of Office Space Across the World, a global report on office occupancy costs produced by real estate services firm Cushman & Wakefield. more
property-magazine.de for 2007-03-13
Global | International
Global: With rising rents for office and retail space, commercial investors realise good profits. This trend is about to continue in 2007 and 2008 according to an analyst. A shortfall of supply by at least 30 per cent will put upward pressure on commercial rents in Dubai as well as in other parts of the UAE. more
property-magazine.de for 2007-03-13
Global | International
Global: RREEF Research has released formative research on the emergence of the global real estate securities market. To date, much research on real estate securities has focused on the national level and, by drawing on the analysis of RREEF researchers in the US, Europe and Asia Pacific this paper explores trends in the “global” securities market. more
property-magazine.de for 2007-03-13
Global | International
Global: The property boom in Dubai has attracted global recognition and every day litterally hundreds of properties in Dubai are bought or sold. Therefore, finding the right UAE mortgage requires some research and planning since terms and conditions vary greatly among the lending institutions. The good news is that mortgages for Dubai properties are now available to both residents and international buyers. more
property-magazine.de for 2007-03-13
Global | International
Global: Global real estate fundamentals will remain healthy in most markets over the next 12 to 24 months, supported by moderating but above-trend economic growth, improving earnings, and the continued inflow of capital, according to the most recent "Global Vision" report issued by ING Real Estate. more
property-magazine.de for 2007-03-13
Global | International
Global: UBS’s commitment to India was further underlined when UBS Global Asset Management today announced that it has agreed to acquire Standard Chartered’s mutual funds management business in India for a total consideration of CHF 147 million. more
property-magazine.de for 2007-03-13
Global | International
Global: Newly-named Union Investment Real Estate AG (formerly DIFA) is forging ahead with its expansion strategy in the Far East. The Hamburg-based fund manager yesterday signed a binding contract of sale to acquire the VisionCrest Commercial development in Singapore for DIFA-Global (ISIN: DE0009805556), which has a worldwide investment remit. The vendor is investment company Wing Tai Land. This total investment of around EUR 140 million is the first by an open-ended real estate fund in Singapore. The portfolio of DIFA-Global, which will change its name to UniImmo:Global on 1 April 2007, already includes the Ernst & Young building in South Korea. “VisionCrest Commercial represents a rare opportunity to invest in a new office building in Singapore and acquire one of the best pieces of real estate on the market,” says Dr. Reinhard Kutscher, Management Board member at Union Investment Real Estate AG. VisionCrest Commercial is scheduled for completion in the summer of 2007. “Rents in Singapore have been on the increase since 2005. As the only new office building to become available in 2007, VisionCrest Commercial will be a major beneficiary of rising rents for office space,” adds Dr. Kutscher. On completion, the 11-storey construction will offer some 15,500 square metres of rental space. Prospects for fully letting the building by the end of 2007 are regarded as excellent. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Aberdeen Property Investors (API) is pleased to announce the recruitment of a seven-strong property investment management team from Credit Suisse Asset Management, led by Glenn Newson. Glenn will join API as head of Property Asset Management in the UK. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Britons were warned to be careful when buying property in Bulgaria, because it could turn out that they are buying in resorts established illegally. Low prices and nice climate made Bulgaria one of the most popular destinations for British property investors, but the homes bought in the coastal resort of Golden Pearl may end up demolished, Daily Mail said. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Award winning developer, Teesland iDG, is pleased to announce that Reigate and Banstead Borough Council has recently granted planning permission for a new industrial/warehouse development on the former Royal Mail / Parcelforce depot in Redhill, Surrey. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: For the third year in a row Drivers Jonas (DJ) has entered and featured in the The ‘Sunday Times 100 Best Companies to work for’ awards. This year, with a record amount of entries, DJ came in at an impressive 16th place and still retained the top spot for being the highest ranked property consultancy. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Drivers Jonas (DJ) has been selected by Colchester Borough Council to project manage the new 10,000 capacity Colchester Community Stadium to be constructed at Cuckoo Farm adjacent to the A12. more
property-magazine.de for 2007-03-13
Great Britain | Commercial Property Europe
Great Britain: Advance Properties Ltd., one of the biggest real estate players in Bulgaria and ECE Projektmanagement, the European market leader in shopping centers, are building a new urban quarter in the Bulgarian capital Sofia. Further partners in this strategic alliance are also Balkancar Sredez AD and GTM-Angel Balevski EAD. The project Europe Park Sofia will emerge on a former factory site in the heart of the city: A multi-use urban quarter comprising shopping fa-cilities, offices, apartments, hotels, a cinema and other entertainment facilities. During the initial phase for which joint venture structures between the two groups are set up, a shopping center with around 70,000 square meters of re-tail space and an office tower with around 40,000 square meters of rental space will be developed. The office tower, with its 40 stories and a height of over 150 meters, will be the highest structure in the country and thus will be-come the new landmark of the bustling capital. The project also includes the creation of approx. 3,000 parking spaces. The start of construction for the first phase is scheduled for the fall of this year and will be completed by 2010. more
property-magazine.de for 2007-03-13
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