With interest shifting further northward in the wake of the U.S. presidential elections, the Canadian commercial real estate sector can expect sustained activity throughout 2017, according to the head of an urban environment management firm. Last week, Allied Properties REIT chief executive officer Michael Emory stated that demand for commercial real estate in the country’s… Read More »
Indian real estate funds are finding it tougher than usual to raise money as investors demand a more rigorous due-diligence process in an uncertain environment. Large pension funds and global investors are now seeking exclusive and direct partnerships with developers instead of parking money with fund managers who are essentially intermediaries. “There are some uncertainties… Read More »
Indians have by far remained the most prolific foreign investors in Dubai realty, outshining capital inputs from British, Russians and all others. As per the data from Government of Dubai’s Land Department, Indians have once again topped the charts as the number one investor in Dubai realty with a whopping investment of Rs 13,600 crore… Read More »
Real estate investors have not done well since a real estate mogul became president-elect in the US. It would be ironic indeed if Donald Trump were to preside over a slump in the commercial property market, but is that likely? Shares of listed real estate companies are down almost 4 per cent since election night.… Read More »
Brookfield Asset Management Inc has entered exclusive talks on a takeover of Bharti Infratel Ltd, India’s largest listed wireless tower owner, after submitting a bid valuing the company at about $11 billion, people with knowledge of the matter said. Canada’s largest alternative asset manager offered to buy a majority stake in Bharti Infratel for around… Read More »
Indian real estate is likely to provide investment opportunity worth up to $77 billion through REIT-eligible commercial office and retail properties across the country’s top seven cities by 2020. Across these cities, including Mumbai, Delhi-NCR, Bengaluru and Pune, ready commercial space eligible for REIT investments amounts to 277 million sq ft, accounting for less than… Read More »
The result of the US election is likely to lead to more uncertainty in the commercial property market in the Asia Pacific region with many markets already seeing rents fall. Overall prime commercial rents increased 0.6% quarter on quarter and 1% year on year at the end of the third quarter of 2016, according to the… Read More »
The average rent for space in a downtown tower is $47.43 per square foot, putting Houston in the top 10 of the nation’s most expensive office markets, according to a commercial realty firm. The national average is $43.79 per square foot. Despite downtown’s strong rents, the report notes how Houston’s sublease glut and “economic freeze”… Read More »
Automotive testing systems major HORIBA, inaugurated today its India Technical Centre at Chakan MIDC Phase 2 near Pune in Western India. Maharashtra Chief Minister Devendra Fadnavis inaugurated the 7000 sq mtrs facility which will be a comprehensive location for product demonstration and testing; a workshop for product customization and assembly; an office space and a training… Read More »
In an indication of the city’s growing clout as a major IT hotspot in the country, Hyderabad has seen a record absorption of 6 million square foot of office space by the IT industry alone in 2016, Telangana IT secretary Jayesh Ranjan said here on Wednesday. “In terms of growth there is one indicator that… Read More »