Real Estate Management & Development
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SHANGHAI, April 1- China shares closed weaker on Monday, but real estate counters rose after authorities unveiled tightening measures that were less stringent than the market feared. The property sub-index climbed 0.9 percent, led by Poly Real Estate, which gained 3.0 percent. Shenzhen- listed developer China Vanke rose 2.2 percent.
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MADRID, March 27- Spanish banking group La Caixa has hired Morgan Stanley to sell a stake in its property management company, two people familiar with the matter said, capitalising on rising interest from investors in the clean-up of banks' soured real estate assets.
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MILAN, March 27- Italian real estate management company Prelios said on Wednesday it approved a 561 million euro debt restructuring plan, as well as a 185 million euros capital increase. Prelios said its net loss for 2012 was 241.7 million euros, compared to a loss of 289.6 million euros in 2011, as a result of real estate writedowns and restructuring costs.
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HONG KONG, March 27- Sun Hung Kai Properties Ltd, the world's second-largest property developer, won a HK $4.14 billion auction for two sites in Hong Kong, one for residential use and the other for a hotel, the government said on Wednesday.
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MOSCOW, March 26- Russian developer and building materials company LSR Group said on Tuesday its 2012 sales rose 18 percent, year-on-year, to 61.12 billion roubles on the back of growth in its construction business.
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HONG KONG, March 26- A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka- shing: speculators stay away.
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HONG KONG, March 26- A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka- shing: speculators stay away.
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March 26- For a full statement on the results of Evergrande Real Estate Group Ltd, which is a Chinese property developer, please click on:.
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HONG KONG, March 26- Cheung Kong Ltd, Hong Kong's second largest property developer, posted a 30 percent fall in 2012 net profit, logging its first annual decline since 2008 due to fewer project launches during the year amid government tightening measures. Net profit for the year totalled HK $32.2 billion, down from HK $46.06 billion in 2011..
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Kenanga Research started property developer Dijaya Corporation Berhad with an "outperform" call and a fair value of 2.05 ringgit per share, citing a bright outlook on the back of the firm's 50 billion ringgit total gross development value.
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March 25- Mahindra Lifespace Developers Ltd:. *Says acquired land in Bangalore, Mumbai for residential development. Mahindra Lifespace Developers Ltd has informed BSE that the Company has acquired land parcels in Bangalore and Mumbai for the purpose of residential development.
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March 25- For a full statement on the results of Henderson Land Development Co Ltd, which is an investment holding, construction, property management and finance company, please click on:.
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DUBAI, March 24- The $2 billion loan being raised to help fund the construction of the Rabigh 2 independent power project in Saudi Arabia should be signed by the end of the month, four banking sources said on Sunday.
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MOSCOW, March 22- Russian real estate developer Etalon Group said on Friday that full-year earnings fell 15 percent as a number of transfers of properties to customers scheduled towards the end of 2012 would instead be transferred in 2013..
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Citi Research said Indonesia has the potential to become one of the world's top 10 economies by 2025 with manufacturing, infrastructure development and urbanisation as key themes.
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CIMB Equity Research raised its target price on PT Bumi Serpong Damai Tbk to 2,000 rupiah from 1,900 rupiah after the real estate developer announced 3 hectares of landbank acquisition and a joint venture with Singapore- listed Hongkong Land Holdings Ltd.
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TEL AVIV, March 20- Real estate developer Azrieli Group swung to a profit in the fourth quarter, boosted by high occupancy rates at its properties in Israel and the United States and a rise in the value of its stake in Bank Leumi.
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MUMBAI, March 20- India's Housing Development and Infrastructure Ltd said on Wednesday it had asked a local credit agency to review a ratings downgrade that had sent its shares tumbling. Credit Analysis and Research Ltd downgraded HDIL's debt ratings in a report dated Wednesday, citing "ongoing delays in servicing" some debt obligations.
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MUMBAI, March 20- India's Housing Development and Infrastructure Ltd said on Wednesday it had asked a local credit agency to review a ratings downgrade that had sent its shares tumbling. Credit Analysis and Research Ltd downgraded HDIL's debt ratings in a report dated Wednesday, citing "ongoing delays in servicing" some debt obligations.