real estate

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.

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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.

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Realty Mogul says members have invested $14.6M in properties worth more than $100M

Realty Mogul, a crowdfunding startup focused on the real estate market, said its members invested $14.6 million of equity in properties worth more than $100 million, TechCrunch reported.

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Next wave of super-rich heading for London as new crises bite

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.

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Dubai-based Nakheel announces $44.1M worth of land deals

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.

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Pan intends to regrow the Regent brand back in Hong Kong, China

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.

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Blackstone Group-backed Invitation Homes amass 700 Twin Cities real estate

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.

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Guangzhou R&F Properties Co acquires Malaysian sites for MYR 4.5 billion

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.

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UK economy recovers, credits house building and investments

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.

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Mississippi ranks first in US construction employment growth, Tennessee drops to 44th

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.

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Singapore's Ascendas to raise SGD600 million to invest in Indian real estate

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.

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Prime retail space demand seen after closing of Blockbuster

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.

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China eyes property in the West

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.

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Apollo raises USD3.9 billion to buy out distressed assets in Europe

American investment firm Apollo Global Management LLC raised USD3.9 billion to buy distressed European assets. Specifically, the private equity firm is hunting for hotels and resorts in Spain.

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Moody's upgrades UAE from negative to stable

Moody's Investor Service had upgraded the ratings for the United Arab Emirates from negative to stable due to recent real estate recoveries and the decline of problematic loans in the market.

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