×

Construction Real Estate Management & Development

  • *Half of London luxury pipeline subject to change- agent. *Graphic on London prime housing: http://tmsnrt.rs/2eb661D. Oct 20- High-end property developers in London are restricting the supply of homes to prevent further price falls by selling entire apartment blocks to funds for rental, according to agents and investment managers.

  • *Dubai's DXBE jumps for third day before theme parks open. DUBAI, Oct 20- Saudi Arabia's stock market rose sharply on Thursday as banks rallied after the kingdom's mammoth international bond sale, which could help to unclog liquidity bottlenecks in the economy. "This issuance is a very welcome development for the Saudi equity market and the banking sector in...

  • VANCOUVER, Oct 19- A tax on foreign buyers aimed at cooling Canada's priciest property market has forced some developers and builders of detached Vancouver homes to hit the pause button, but has had much less effect on the city's condominium market, according to industry players. Vancouver home sales in September were down by about a third from a year earlier...

  • BEIJING, Oct 19- China must brook no delay in cutting out "tumours" in the property market to ensure healthy market development in the long term, the Xinhua state news agency said in a commentary on Wednesday. Xinhua applauded the housing ministry's recent announcement on cracking down on nine types of misconduct by real estate developers, noting that property...

  • BEIJING, Oct 19- China's Guangzhou city will step up its monitoring of irregular activities in the property market while developers in Wuhan will be more closely scrutinised as the government intensifies efforts to cool real estate prices across the country. A rapid rise in property prices in China's major cities this year has raised fresh concerns about...

  • *China Jan-Sept property investment +5.8 pct y/y. BEIJING, Oct 19- September's investment in Chinese real estate showed its strongest growth since May as booming construction, sales and prices contributed handsomely to third quarter economic expansion of 6.7 percent- offsetting stubbornly weak exports. Property investment rose 7.8 percent in September...

  • The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country's super-rich- a trend that has been fuelling a boom in global deals. Yao has been at the centre of a hostile takeover battle for China's largest real estate developer China Vanke Co Ltd..

  • The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country's super-rich- a trend that has been fuelling a boom in global deals. Yao has been at the centre of a hostile takeover battle for China's largest real estate developer China Vanke Co Ltd..

  • BEIJING, Oct 12- China's securities regulator is looking to tighten rules for listed real estate firms to issue bonds and offer private placements, in a move to curb excessive capital flowing into the property market, the official Shanghai Securities News reported on Wednesday. A wave of restrictions imposed on housing markets in major Chinese cities last...

  • HONG KONG, Oct 11- A wave of restrictions imposed on housing markets in major Chinese cities last week have unnerved some buyers and developers, cutting the area of new homes sold in places such as Beijing and Shenzhen by more than half. More than 20 cities have imposed measures, including higher mortgage downpayments, to cool hot property markets that have raised...

  • LAGOS, Oct 10- General Electric confirmed its a "keen interest" in acquiring a Nigeria railway concession project worth around $2 billion, the U.S. company said on Monday. Growth in Nigeria- an OPEC member whose economy has slipped into recession for the first time in more than 20 years after being hammered by low oil prices- has been stunted for decades by a lack of...

  • Supply is especially acute in the frothiest markets of Toronto and Vancouver, where strict greenbelt rules and limited transit beyond protected land hamper development. "The cultural social norm is something that is really hard to provide in Vancouver and Toronto." In the last 12 months, house prices are up 14.6 percent in Toronto and 25.8 percent in Vancouver,...

  • NEW YORK, Sept 21- American Dream, New Jersey's long-stalled mega-mall and entertainment complex, faces a renewed legal challenge from a nonprofit group seeking to block $1.15 billion in tax-exempt financing that developers say they need to finish the project. The New Jersey Alliance for Fiscal Integrity on Wednesday revised an appeal it now has before state...

  • BEIJING, Sept 21- China's listed property developers issued 960 billion yuan in bonds as of Sept. 19, more than three times the amount in the same period last year, financial magazine Caixin reported, citing data from WIND, a Chinese financial data provider. The biggest property bonds issuers this year include Dalian Wanda Commercial Properties and Guangzhou R&F...

  • LYNDHURST, N.J., Sept 15- New Jersey re-affirmed its support on Thursday for a $1.15 billion municipal bond deal to finish building a long-stalled mega-mall and entertainment complex after a lawsuit challenged the use of such tax-exempt public financing. Proceeds will fund construction of the $2.7 billion American Dream project in New Jersey's Meadowlands...

  • PRESS RELEASE- UK GOVT STATEMENT ON EDF HINKLEY POINT DEAL@. PARIS, Sept 15- Below is the text of a UK government statement announcing a new deal with French utility EDF for the construction and operation of the Hinkley Point C nuclear project in southwest England. However, ministers will impose a new legal framework for future foreign investment in Britain's...

  • HONG KONG/ LONDON, Sept 8- Henderson Global Investors, which froze its open-ended UK property fund in the wake of Brexit, has sold one of its prized London office properties to Chinese developer China Vanke, the buyer said on Thursday. While UK property funds were hit by heavy redemptions after Britain's June 23 vote to leave the European Union as investors feared...

  • *Segro shares fall 2.7 pct to 443 pence at 1221 GMT. Sept 2- Segro Plc, Britain's largest listed industrial property developer, shook off wider Brexit concerns on Friday, raising 325 million pounds to develop new logistics warehouses as "e-retailing" grows across Europe. Property was one of the sectors hardest hit by Britain's June 23 referendum to leave the...

  • *Segro shares fall 2.6 pct to 443.5 pence at 0917 GMT. Sept 2- Segro Plc, Britain's largest listed industrial property developer, shook off wider Brexit concerns on Friday, raising 340 million pounds to develop new logistics warehouses as "e-retailing" grows across Europe. Property was one of the sectors hardest hit by Britain's June 23 referendum to leave the...

  • Sept 1- Canada Pension Plan Investment Board bought a 50 percent interest in a Canadian office portfolio from real estate developer Oxford Properties Group for about $1.18 billion. The portfolio includes five office buildings in downtown Toronto and two in Calgary, with a combined area of 4.2 million square feet, CPPIB said. Following the deal, Oxford and CPPIB...