The demand for commercial real estate across the country is getting stronger and is witnessing a sustained momentum. The office space absorption across top 9 property markets has seen a sustained growth with total 28.3 million sq ft picked up during the first nine months of 2016, showed a report. Last year, commercial real estate in… Read More »
Getting the right office space and turning it into an office remain a herculean task for many startups and budding firms. Now, aspiring entrepreneurs and professionals have stopped searching for offices and choose plug and play, thanks to some of the co-work spaces provided along the Pattom-Kuravankonam road. Co-work spaces offer professionals a space, the internet, power… Read More »
In a move to expand the exchange’s operations in terms of technology (Business Continuity and Disaster Recovery – BC & DR) and education, Multi Commodity Exchange of India LtdBSE -0.01 % (MCX) has acquired office space in GIFT City in Guajrat. This office space will be utilised by MCX to set-up a full-fledged business continuity facility… Read More »
Demand for prime office space reached a ten quarter high of approximately 11 million sq. ft. for the July – September period, according to a latest India Office MarketView Report – Q3 2016. The quarter recorded a growth of 9% on a q-o-q basis and 14% on a y-o-y basis. As on September 30, 2016,… Read More »
The country’s first SEBI-registered and Shariah-complaint venture capital fund, Secura Investment Management (India) Pvt. Ltd., launched its third investment management fund, Realty AIF 1 (Alternative Investment Fund). Aiming to raise Rs 200 crore with the Green Shoe Option of Rs 100 crore, the minimum investment under the scheme is Rs 1 crore, which can be… Read More »
Cash-strapped Haryana Urban Development Authority (Huda), which is struggling to meet its daily expenditure, is planning to auction 17 commercial properties in Rewari and Dharuhera on November 1. The auction is expected to raise around Rs 25 crore. Huda had listed several commercial properties in Gurgaon, Rewari and Dharuhera for auction in March, but had failed… Read More »
UK commercial property values slipped in September but at a slower pace than in July and August, a closely-watched index showed, suggesting concerns about the impact of Britain’s vote to leave the European Union are easing. Overall property values for UK commercial assets fell 0.21% in September, following a 0.65% fall in August, and 2.8% fall… Read More »
The cost of renting office space in Manhattan set new records in the third quarter amid strong leasing activity that was driven by a job creation rate in New York that exceeds the nationwide average. Leasing activity across Manhattan is 13.8% above the city’s 10-year average, and year-to-date is 11.1% better than 2015, a banner year… Read More »
Thailand’s biggest warehouse developer WHA Corp said on Monday it plans to launch a real estate investment trust (REIT) worth 8.02 billion baht ($230 million) in November with underlying assets in industrial estates of its Hemaraj unit. This will be the first REIT under the Hemaraj brand after WHA, builder of bespoke warehouses for lease, acquired… Read More »
U.S. national vacancy rate for the office sector in the third quarter was flat from the second, even as vacancy fell 20 basis points year to date, according to real estate research firm Reis Inc. Asking and effective rents growth for the office sector increased compared with the previous quarter, Reis said in a report. National vacancy… Read More »