News Archive: commercial property

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25, 2011 July:

Property managers rush to central London as UK market stabilises

Property fund managers are flocking to the central London office market in the expectation the capital will outperform other regions, as the UK property sector’s recovery since the financial crisis begins to stabilise.

20, 2011 July:

Ritz-Carlton Reserve chooses Puerto Rico for second destination

Luxury hotel chain Ritz-Carlton is to open its second "reserve" property in Puerto Rico, the company announced July 18.

19, 2011 July:

Viceroy Hotel Group expands in Abu Dhabi

Los Angeles-based Viceroy Hotel Group will run the Yas Hotel, the resort at the center of Abu Dhabi's Formula One race course, a local paper reports.

12, 2011 July:

Take inspiration from the Mediterranean and bring a warm glow into your home

While we’re well aware of the health benefits of a Mediterranean diet, we might not be so well-versed in the glorious colours and prints that the region’s interiors can offer.

11, 2011 July:

Investors on the hunt for property in Poland

England isn't the only country gearing up for a major sporting event in 2012 - the upcoming UEFA championship, combined with its strongly emerging economy and construction industry, is attracting canny real estate investors to Poland, according to the latest search figures from property portal Rightmove.

08, 2011 July:

Trump opens 70-story luxury hotel in Panama

Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.

06, 2011 July:

Swiss spa development makes a splash

Just launched in Switzerland is the world’s first development featuring indoor and outdoor thermal spas, with water from deep mountain springs tapped directly into individual properties.

04, 2011 July:

Manhattan’s Worldwide Plaza scores 900,000sq ft office lease

The Manhattan office market is making a big comeback - just one month after mega-publisher Condé Nast pre-leased 1 million square feet at the new World Trade Center development, financial services company Nomura Holding America Inc. has signed a deal for 900,000 square feet of office space at Worldwide Plaza.

Hilton to launch budget hotel brand in Turkey

Worldwide hotel giant Hilton has announced that it will be launching a new low-cost hotel brand in the Turkish market.

30, 2011 June:

Sofitel opens first outpost of 'Legend' luxury chain in Europe

Sofitel has opened the first European outpost of its ultra-luxury Legend brand in Amsterdam, the Netherlands.

Mandarin Oriental joins Asian hotel invasion of Paris

The fashionable Rue Saint Honore boasts 99 rooms and 39 suites going for an average of $1,688 a night.

One Hyde Park: The most expensive ghost town in the world?

They were hyped as the ultimate luxury flats. But has anyone moved in to London's exclusive One Hyde Park yet? Neil Tweedie reports

28, 2011 June:

Spain mall sales may hit $1.4 bln in 2011- Savills

Spanish retail property's appeal to investors will linger into late 2011, with more shopping mall assets being sold into an increasingly competitive market, potentially doubling deal volumes to about 1 billion euros ($1.43 billion), research showed.

27, 2011 June:

ExxonMobil moves forward with new digs

Taking a big step forward on a major real estate endeavor, ExxonMobil Corp. has just chosen Gilbane/Harvey-Houston to build its new Houston office campus on a 385-acre site.

24, 2011 June:

Singapore is poised to pass Las Vegas in gaming revenue

Singapore is poised to pass Las Vegas in gaming revenue this year, meaning that the former world gambling capital could drop to No. 3.

23, 2011 June:

EU-Morocco institutional twinning project launched

In the context of identifying new areas of mutual cooperation and developing close relationships with Europe, the Moroccan Office of Industrial and Commercial Property (OMPIC) launched on June 14, 2011 a project funded by the European Union (EU), according to Margreb Arabe Press.

21, 2011 June:

Where to eat in Girona when you can't get into the world's second best restaurant

Maybe it was the fact that there were no residents of Girona actually eating there, just a smattering of English and German couples patiently awaiting their first courses.

20, 2011 June:

David Lynch designs Paris club inspired by Mulholland Drive

Filmmaker David Lynch has designed Club Silencio, a Paris nightclub based on the venue in his 2001 thriller Mulholland Drive starring Naomi Watts, which is set to open in September.

Dubai's Index wins tall building award

Index, the 80-storey building developed by Union Properties in Dubai, has clinched the '2011 Best Tall Building' award for the Middle East and Africa region from the Council on Tall Buildings and Urban Habitat (CTBUH).

Global property markets teeter to recovery

Commercial property is in the midst of a multi-speed global rebound in 2011, as the sector emerges from the shadow of recession and is buffeted by a range of economic, refinancing and demand pressures across markets.

Chinese housing developers seek profits below the surface

With the volume of home sales continuing to fall amid strict measures aimed at tightening the property market and lowering house prices, some real estate companies are trying to dig their way out of the uncertainty by getting into mining.

16, 2011 June:

W Hotels makes Russia debut

W Hotels Worldwide has made its entry into Russia with the opening of the W St. Petersburg.

14, 2011 June:

The rebirth of American shopping malls

Vacancy rates at U.S. malls are at their highest level in years. So why are investors pouring money into them?

13, 2011 June:

Spanish commercial real estate sector grows by 140%

New business start-ups in the Spanish property sector has grown by almost 140% in the first five months of 2011, compared to the same period in 2010, rising from 514 to 1,233 new businesses formed, according to a business study published by D&B.

10, 2011 June:

Egyptian Resorts swings to Q1 profit

Real estate firm Egyptian Resorts posted first-quarter net profit of EGP3.8 million ($639,500) on higher revenues, the firm said on Thursday.

08, 2011 June:

French mall deal volumes to rise 2 bln eur in 2011

Large investors are pouring money into French retail property in 2011 in a move away from the increasingly crowded UK and German markets, with deal volumes set to rise by almost 2 billion euros ($2.9 billion) this year.

07, 2011 June:

Distressed property listing up in Ireland, Spain, South Africa and the US

Ireland, South Africa, the US and Spain have seen the largest increase in distressed property listings in the first three months of the year, according to the latest index from the Royal Institution of Chartered Surveyors.

06, 2011 June:

Trump to open Panama City hotel July 6; others to follow

The Trump Hotel Collection will open its sixth hotel in Panama City on July 6, possibly giving the growing hotel chain a jump on its bigger rivals in this growing business destination.

03, 2011 June:

Investors jump back into rebounding hotel market

With the U.S. hotel sector firmly in recovery mode, the number of large hotel investment sales has continued to rise in the second quarter.

02, 2011 June:

Commercial property and carry forward rules - great pension partners

Commercial property investment within a SIPP and the new carry forward rules may help high net worth individuals maximise their pension contributions this tax year, according to SIPP provider Alliance Trust Savings.

27, 2011 May:

Boom ahead for European commercial property?

Investors looking for higher yield in commercial property would do well to migrate from London to Eastern Europe, Holger Schmidtmayr, Board Director at Austrian real estate investment company Sparkassen Immobilien, told CNBC.com Thursday.

24, 2011 May:

Qatar to build leisure complex in Cyprus

Cyprus has approved an agreement with Qatari Diar Real Estate Investment Co to set up a joint venture with the initial investment exceeding $150m to develop a hotel, shopping, office and apartment complex in the capital Nicosia, the Peninsula has reported.

20, 2011 May:

Portas must suggest radical solution in her town centre review

Mary Portas, the shopping expert and broadcaster, has been asked by the Government to lead a review into the future of the High Street. She will look at how to create “more prosperous and diverse high streets.”

18, 2011 May:

Bulgarian Hotel Revenues Up 2% Q1 2011 Y/Y

The total number of accommodation facilities in Bulgaria - hotels, motels, camping sites, mountain chalets and others increased by 1.9% in the first quarter of 2001, compared to the same period of 2010.

Copenhagen's new design hotel opens its doors

The largest hotel in Scandinavia opened May 16 in Copenhagen, another new entrant into the Danish capital's rapidly growing hotel market.

11, 2011 May:

Egypt set to uphold Palm Hills verdict

Egypt's housing minister Fathi Abdelaziz el-Baradei has said the government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will ensure ordinary Egyptians are not hurt, Ahram has reported.

10, 2011 May:

Rise in US commercial property sales predicted on job growth

Better than expected statistics in new job growth for April have some economists optimistic about the commercial real estate market.

09, 2011 May:

Bahrain developers might face new tax

Bahrain is considering collecting up to 3% of the value of investments by real estate firms to fund community projects.

Top 5 factors to close an investment-grade property

For investors considering buying a property, the decision can be confusing. Here are the five most important factors that will determine closing.

Demand for London office space surges ahead

Office space in London continued to outperform all other sectors and regions of the UK’s commercial property market during the first three months of 2011, according to the latest RICS UK Commercial Market Survey.

06, 2011 May:

Saraya to go ahead with Jordan, Oman projects

Saraya Holdings, a leading Dubai-based developer, has resolved to move forward with the execution of its projects in Jordan and Oman and ensure its continuity under prevailing conditions, a spokesman said.

Budget hotel revolution predicted for Middle East

A leading property consultancy has said that the Middle East could undergo a budget hotel revolution, as the Arabian Travel Market (May 2-5) gets underway in Abu Dhabi.

American Apparel owners purchase fashion chain All Saints

The owner of clothing retailers La Senza and American Apparel has bought fellow fashion chain All Saints in a deal set to secure hundreds of jobs.

04, 2011 May:

London sees 10% increase in hotel rates

For those considering making an investment in the lucrative hotel market, the latest data from the Trivago Hotel Price Index suggests that London remains one of Europe's best bets

03, 2011 May:

European property stocks return 3.6% in April

European listed real estate ended April 2.6% higher, with the strong performance being driven by UK stocks.

28, 2011 April:

Disappointing drop in Cyprus real estate prices

The fifth issue of the RICS Cyprus Property Price Index show that real estate prices across the Island fell during the fourth quarter of 2010, with house and apartment prices falling by an average of 2.6% and 2.4% respectively.

27, 2011 April:

European real estate investment up 32% in Q1

Direct commercial real estate investment volumes in Europe reached EUR 26 bn in the first quarter 2011, representing an increase of 32% year-on-year, according to new research from Jones Lang LaSalle.

US commercial property update: a tale of two markets

With property values rebounding, greater availability of debt financing and a slew of significant recently completed merger-and-acquisition and individual property transactions, commercial real estate investors might be tempted to believe that a robust market recovery is underway. However, a closer look reveals a highly bifurcated market with enough potential future roadblocks to cause investors concern.

20, 2011 April:

Revival in French commercial sector

After two years of falls and inactivity, French commercial real estate saw a recovery in 2010, according to the latest IPD France Annual Property Index.