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Real Estate Management & Development

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  • *Abu Dhabi property market recovery as fast as Dubai's. ABU DHABI, Feb 19- For years, Abu Dhabi's real estate market has paled next to its more dynamic, glamorous rival in neighbouring Dubai. Prime residential sale prices in Abu Dhabi jumped 25 percent and rentals climbed 17 percent in 2013, real estate advisory firm Jones Lang LaSalle estimated.

  • Bubble watch: Blackstone exec on housing health Thursday, 13 Feb 2014 | 1:46 PM ET
    Jonathan D. Gray

    Blackstone, which has made big bets on hotels, rental homes and other real estate in recent years, continues to be bullish on the sector.

  • HONG KONG, Feb 13- Thomas and Raymond Kwok, the billionaire co-chairmen of Sun Hung Kai Properties Ltd, had additional charges filed against them on Thursday in a bribery investigation surrounding Asia's largest developer, the company said on Thursday.

  • MUMBAI, Feb 12- India's Piramal Enterprises Ltd said it will join with Canada Pension Plan Investment Board to set up a $500 million fund to finance residential property projects in India.

  • *Genting Singapore, Landing International to develop $2.2 bln South Korea casino resort. HONG KONG, Feb 7- Casino operator Genting Singapore and Chinese property developer Landing International Development will develop a $2.2 billion casino resort in South Korea, joining global gaming firms rapidly expanding across Asia to court wealthy Chinese punters.

  • DUBAI, Feb 5- Dubai's largest real estate developer Emaar Properties regained an investment-grade credit rating on Wednesday, marking the emirate's strong recovery from its financial crisis five years ago.

  • *Almost 1 million workers estimated to have left country. DUBAI, Jan 22- The impact of Saudi Arabia's crackdown on illegal foreign workers is spreading through its economy, moving beyond the labour-intensive construction industry to sectors as far afield as banking and telecommunications.

  • UPDATE 1-Time Warner to relocate New York headquarters Thursday, 16 Jan 2014 | 2:32 PM ET

    Jan 16- Time Warner Inc will relocate its Manhattan corporate headquarters to the Hudson Yards development from Columbus Circle in a move to bring all its business units from HBO to CNN under one roof and save money.

  • HONG KONG, Jan 7- The number of properties sold in Hong Kong fell by more than a third last year to a 17- year low as a drastic increase in tax on home sales, introduced to tackle rising prices, easily outweighed discounts offered by the city's property developers.

  • BEIJING, Dec 6- A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.

  • HONG KONG, Nov 22- Chinese developers such as China Overseas Land& Investment Ltd and Country Garden Holdings Company Ltd are likely to build bigger apartments in smaller cities to take advantage of Beijing's new urbanisation drive.

  • MADRID, Nov 21- Santander is to sell its real estate management business Altamira to U.S. private equity group Apollo Global Management, likely to be the largest deal of its kind so far in Spain where the property market is starting to thaw.

  • DUBAI, Nov 14- Dubai luxury housing developer DAMAC Real Estate launched on Thursday the book-building process for its initial public offer of shares in London, the first IPO by a Dubai property firm since the emirate's real estate crash four years ago.

  • Selling NYC real estate in the bars of Moscow Monday, 11 Nov 2013 | 4:38 PM ET

    Many Russians who own property around the world ask the help of multilingual real estate consultants when looking at New York real estate. NYT reports.

  • TOKYO, Nov 8- Japan's biggest property developer Mitsui Fudosan Co has joined forces with media firm Fuji Media Holdings and builder Kajima Corp to develop a proposed casino and resort complex in Tokyo.

  • LONDON, Nov 4- Hong Kong investor Knight Dragon has taken full ownership of a development in east London's Greenwich Peninsula after paying its British partner Quintain Estates 186 million pounds for its 40 percent stake.

  • HONG KONG, Nov 4- China shares made a sluggish start to the week, with the property sector a key underperformer on media reports one city is increasing minimum downpayments on second home purchases in a bid to stem price rises.

  • BEIJING, Nov 1- China's property inflation quickened in October, two private surveys showed, a development that could reignite fears of a real estate bubble in the world's second largest economy.

  • SYDNEY, Oct 30- At the Ingleburn Gardens Estate on the outskirts of Sydney, an upmarket housing development complete with pool, concierge, onsite shop and children's playground, the landscaped grounds are marred by large tracts of undeveloped land. The natural environment, such as the national parks surrounding Sydney, is also a barrier.

  • TORONTO, Oct 25- Paul Reichmann, a Vienna- born Canadian who became one of the world's top commercial real estate developers but lost his empire in the 1990 s real estate crash, has died at the age of 83, according to Canadian media reports.

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