Barclays said on Tuesday it has agreed to lease office space in London’s Canary Wharf district to the British government in an effort to save about 35 million pounds ($45 million) annually. The Cabinet Office will lease about 540,000 square feet of space in 10 South Colonnade, according to a statement. The handover is expected to… Read More »
Up to half of planned commercial developments in central London could be delayed over the next few years due to concerns about Brexit, and overall investor returns will be flat in 2016, estate agents Savills said on Tuesday. Commercial property was one of the first sectors to be hit in the immediate aftermath of the June 23… Read More »
Canada’s commercial real estate market hit a record C$11.16 billion ($8.41 billion) in quarterly transaction volumes and is on track to reach new highs for the year, as investors’ hunt for yield and gains in the oil-producing province of Alberta bolster activity, real estate services firm CBRE Limited said on Monday. A recovery in oil… Read More »
A venture including private-equity giant Blackstone Group LP is poised to launch India’s first real-estate investment trust in an initial public offering that could raise more than $600 million and mark a milestone in the development of a modern commercial real-estate industry in India. For Blackstone, the deal would do a lot more than simply make history. It would… Read More »
HONG KONG-BASED Phoenix Property Investors, a private equity real estate firm with assets managed and under management in Asia of over US$6.7 billion, is looking to increase investments in South-east Asia property markets including Singapore. “The company is expanding its investment footprint from North Asia, particularly Hong Kong, Japan and China, to the South-east Asia… Read More »
The government’s demonetisation move is likely to bolster the prospects of the much-awaited listings of Real Estate Investment Trusts (REITs) that has so far remained a non-starter. Owing to higher liquidity on account of expected transfer of liquidity from the informal sector to banking, government bond yields have seen a compression of 40 basis points… Read More »
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 »