Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said. Values have declined 2.6 percent since the referendum and may drop further from their current high levels, according to the central bank’s twice-yearly… Read More »
Indians have by far remained the most prolific foreign investors into 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 Crores… Read More »
The go-ahead was given on Monday for what will be the tallest building in City of London here, media reports said. The 73-storey building, towering to a height of 305 metres, won approval despite a protest from the Royal Palaces because of the impact it will have on the iconic Tower of London, a UNESCO… Read More »
HM Revenue & Customs (HMRC) has reportedly selected India Buildings in Liverpool as the location of a new hub office of more than 300,000 sq ft. The government department will let the majority of the space at the 350,000 sq ft building, according to Property Week. The Water Street property was acquired by Shelborn Asset Management for… Read More »
Point72 Asset Management moved into a new office space in Singapore’s OUE Bayfront in Marina Bay on Monday. The 8,880 square foot space can seat up to 60 employees, doubling the capacity of the Firm’s previous Singapore office. Marc Desmidt, Chief Executive Officer of Point72’s international business, said, “We are making a push to find,… Read More »
The company will open three locations next year in partnership with a Chinese real estate firm. WeWork, the office co-working space provider, is expanding its footprint in China. On Thursday, the company announced a new partnership with Sino-Ocean Group, a major real estate company based in Beijing. As part of the deal, the companies plan to… Read More »
New office space planned for Dublin over the next five years can accommodate more than 100,000 extra workers and any companies seeking to relocate as a result of Britain’s vote to leave the European Union, property group Savills said on Thursday. Ireland has called the prospect of Brexit the greatest economic and social challenge it has… Read More »
Square Yards is opening new offices in Toronto and Vancouver in Canada. This is company’s 12th international office. The company plans to use Canada offices as a gateway to the US markets. “Using Canada as focal point, we aim to delve deep into North American markets. Economic recovery in conjunction with higher demands has made Canada,… Read More »
Banks tightened standards on commercial real estate loans during the third quarter but left lending practices for commercial and industrial loans virtually unchanged overall, according to a survey of loan officers released on Monday by the Federal Reserve. For households, some banks reported easing lending standards on mortgages eligible for purchase by government-sponsored enterprises and some… Read More »
Saudi Arabia’s stock market on Tuesday said it plans to list “multiple” exchange-listed real estate funds before the end of the year. The Tadawul’s statement follows regulations passed by the Capital Market Authority last month which paved the way for “real estate investment traded funds”. These would invest in residential, commercial, industrial, and agricultural real estate,… Read More »