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Construction Real Estate Management & Development

  • LONDON, June 28- Korea Electric Power Corp is in talks to buy a stake in Toshiba's NuGen nuclear project in Britain, a KEPCO executive said on Wednesday, a move that could throw the troubled project a life-line but also delay its start. NuGen, in Moorside, northwest England, is expected to provide around 7 percent of Britain's electricity when built, but has been...

  • TORONTO, June 27- The name Trump will be removed from a high-rise hotel and condo development in downtown Toronto after the project's new owner, JCF Capital ULC, reached a deal with Trump Hotels to buy out its management contracts for an undisclosed amount. In a statement announcing the buyout on Tuesday, JCF Capital did not say whether it had reached a deal yet with...

  • BEIJING, June 14- Annual growth in China's real estate investment slowed in May, the first falloff in three months, as government curbs cooled an overheated market and undermined investment, taking a toll on new developments. New construction starts measured by floor area, a telling indicator of developer confidence and correspondingly volatile, grew 9.5...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S.,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...

  • HONG KONG, June 7- New World Department Store China Ltd said its parent firm plans to take it private for HK $934.5 million, so that it can better tackle a challenging operating environment and take risks in implementing strategy. Property developer New World Development Co Ltd, which owns 72.29 percent of New World Department Store, is offering HK $2 apiece for...

  • SHANGHAI, May 29- The chairman of the Senate Judiciary Committee has called for an investigation into "potentially fraudulent statements and misrepresentations" made by companies promoting investment in a property development involving the family company of White House advisor Jared Kushner. Citing a May 12 report by Reuters, Chuck Grassley, a Republican...

  • *Qatar's Ezdan levels off after steep slide. DUBAI, May 28- Most Gulf stock markets fell in disappointment on Sunday after global oil producers agreed to extend cuts in output by nine months in an effort to prop up prices, while real estate developers boosted Egypt's index. Last Thursday's oil output deal may put a floor under oil prices at around $50 a barrel for...

  • BEIJING, May 18- Property developers in China could implement price cuts sooner than expected as sales slow and credit conditions tighten, raising the potential need for a state-imposed price floor, according to a senior executive of Future Land. China has tightened rules for real estate businesses seeking to raise funds and introducing a flurry of measures...

  • *Egypt's SODIC jumps on expansion plans, strong Q1 results. DUBAI, May 17- Egypt's stock market outperformed its Gulf peers on Wednesday on the back of strong first-quarter earnings and positive news from a real estate developer, while Saudi Arabia saw increased activity as traders took positions ahead of Ramadan. Egypt's index rose 1.0 percent as real estate...

  • BEIJING, May 15- Behind China's trillion-dollar effort to build a modern Silk Road is a lending programme of unprecedented breadth, one that will help build ports, roads and rail links, but could also leave some banks and many countries with quite a hangover. At the heart of that splurge are China's two policy lenders, China Development Bank and Export-Import Bank...

  • MUMBAI, May 12- Indian conglomerate Piramal Enterprises said it is looking to expand its real estate development business and also expects to have a licence to start providing home mortgages by July. The Mumbai- based group, whose interests range from pharmaceuticals to financial services and real estate financing in India's big cities, said it now plans to...

  • The offering was priced at $14 per share, much lower than the proposed range of $18- $20, raising $294 million. Shares of Five Point, which develops commercial and residential land sites in coastal California, rose to as much as $15.40, giving the company a market value of about $3.35 billion. Existing single-family home sales in California were up 6.9 percent in...

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • KUALA LUMPUR, May 9- Malaysia is trying to rope in China's Dalian Wanda Group Co Ltd to develop a $1.7 billion Kuala Lumpur property project, barely a week after it dumped its original partners in disputed circumstances, sources aware of the discussions said on Tuesday. An investment by Dalian Wanda- owned by China's richest man Wang Jianlin- would be a big boost for...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned Howard Hughes...

  • NEW YORK, May 8- Billionaire investor William Ackman discussed real estate development company Howard Hughes Corp at the Sohn Investment Conference on Monday, citing strong management and desirable locations as reasons why it should become more valuable over time. Ackman's $11 billion Pershing Square Capital Management, which has owned the company since...