News Archive: commercial property

Page 8 of 18 - Results per page: 50

23, 2009 November:

Jumeirah hits Brazil

Dubai's Jumeirah Group plans to open its first hotels in Brazil as rising incomes in Latin America's largest economy and the 2014 World Cup and 2016 Olympic games generate demand, according to a report...

20, 2009 November:

Burg Dubai to open in Jan

The eyes of the world will once again focus on Dubai on 4 January 2010 as the emirate unveils its latest landmark and high-profile addition to its iconic skyline: Burj Dubai. Standing at over 818 metres, the tower is the world's tallest building, almost 200 metres ahead of its nearest completed competitor - and yet another symbol of Dubai's architectural pre-eminence. With over 160 storeys, Burj Dubai has the most floors in any building anywhere in the world...

Bahrain commercial ‘held back'

There are significant opportunities for investors in Bahrain's commercial real estate sector, but the market is being held back by construction delays and problems with traffic access, according to a new report...

Chile warming up

There are signs the 300-metre (984-foot) Costanera Center in Santiago tower may resume construction, signalling an economic recovery is also under way in Chile...

19, 2009 November:

Rain dance in Malaysia

Praying for rain isn't the first activity that springs to mind whilst on a tropical holiday in Malaysia - but that could be about to change following news that one luxury Malaysian beach resort has come up with a novel way for guests to benefit from a torrential rainstorm on holiday - they get a free night if the rainfall exceeds 3 cms...

Space-saving tactics

A quarter of occupiers have cut the amount of space they own in the last six months, business lobby organisation CBI and GVA Grimley said in their latest Corporate Real Estate Trends survey...

South Africa: met its match?

With 450,000 visitors expected in South Africa for the World Cup next year, organisers are at pains to reassure that fans will find enough hotel rooms -- but not always in smaller host cities on match days...

HSBC to sell up in Paris?

HSBC, Europe's largest bank, is in exclusive talks with an unidentified property fund to sell its Paris headquarters...

18, 2009 November:

Holiday like a celebrity

For those wanting to experience the lifestyle of the rich and famous, the glamorous Palazzo Versace Gold Coast in Australia is the perfect holiday destination - boasting an enviable guest book of A-list celebrities, from international music and film stars, such as the Rolling Stones and Kate Hudson, to the European ‘I'm a celebrity get me out of here' contestants, Palazzo Versace has become synonymous with the degree of exquisite luxury demanded by the most discerning high-profile guests...

17, 2009 November:

World's first vintage theme park

Margate on the Kent coast is in dire need of a makeover - and it may be about to get one to the tune of £3.7 million as plans are afoot to turn its tired old Dreamland into the world's first vintage theme park...

Palazzo Versace facing glass ban

Palazzo Versace, one Australia's most luxurious hotels, is facing a potential glass ban after a glassing attack at a staff Christmas party - Queensland liquor licensing officials have promised to take a "commonsense" approach when they assess the Gold Coast venue, which has been threatened with "high risk" classification over the incident...

Tesco hits China

Tesco has set up the first of a series of joint ventures that will develop shopping malls in China - the supermarket giant has signed an agreement to set up a 50/50 joint venture with a series of Asian investors including HSBC Nan Fung China Real Estate Fund, Singapore's Metro Holdings and Nan Fung Group from Hong Kong...

Peasants push up Shanghai Disney cost

The cost of building Disney's theme park in Shanghai is being inflated by wily Chinese peasants, who have started a construction spree of their own on the site - after almost 20 years of negotiation, Disney won approval to build its new park in Shanghai this month. The entertainment group will spend between £2.4 billion to £3 billion on building a 3,000 acre park...

Canada Square sold

HSBC Bank has confirmed today it has agreed the sale of its tower at 8 Canada Square to the National Pension Service of Korea (NPS) for £772.5m - NPS, through a wholly-owned subsidiary, NPS 8CS Holdings Sarl, will purchase HSBC's 100 per cent shareholding in Project Maple II B.V., the sole asset of which is the 998-year leasehold interest in 8 Canada Square...

13, 2009 November:

James Bond hotel sold

A private investor has bought the Midland Bank headquarters in the City of London for around £40 million...

Pop-up hotels are ‘the future'

Pop-up hotels, in which pre-built units are incorporated into a steel frame that can easily be demolished, could be the future for UK tourism, a travel trends report said today...

12, 2009 November:

London hotels: worst in Europe

London's hotels are the most unpopular in Europe, according to new research -a survey by the price comparison website www.trivago.co.uk has revealed that from more than 2.7 million online reviews, hotels in the British capital had the lowest average rating, 69.9 per cent...

Debenhams goes Danish

Debenhams has bought Magasin, a leading department store chain in Denmark for £12.3 million - t has bought the entire share capital of Wessell & Vett, Magasin du Nord, the holding company for the chain, from Magillum...

09, 2009 November:

Fight for UK commercial

Competition from investors for a limited supply of prime UK commercial real estate assets is leading to increasingly aggressive bidding with yields falling 35 basis points in October, the largest monthly fall since at least 1993...

06, 2009 November:

Commercial valuations ‘more accurate'

The accuracy of commercial property valuations improved in parts of Europe during the credit crunch despite ‘unprecedented circumstances' and growing market uncertainty, according to a new report...

05, 2009 November:

‘Snow nut' buys resort

Struggling Glencoe Ski Centre is now expected to open for the winter season following the completion of the sale. Falkirk businessman Andy Meldrum confirmed that he had bought the resort from David Campbell, who owned it for five years...

Thames Gateway hit by cuts

Joe Montgomery, director general of Communities and Local Government, gave warning at the Thames Gateway Forum in London today that the region would be hit by the current public spending squeeze...

04, 2009 November:

Sun shines on Italian commercial

The commercial property market in Italy is showing signs of stabilisation and recovery with high levels of investor interest and activity, according to a new report - even the summer period which is traditionally quieter from an investment perspective saw levels of activity reach €1.3 billion, over 40% up on the same quarter in 2008, the report from property analysts CB Richard Ellis shows...

02, 2009 November:

Full house - monarch beats market

The Queen seems to have the midas touch when it comes to property - the British monarch has beaten the market over the past six months with her eclectic portfolio - she has seen a huge rebound in its overall value despite the credit crunch and is now pressing ahead with a number of major redevelopment schemes...

27, 2009 October:

A load of piffle?

In a bid to ensure a lasting legacy for London, Mayor Boris Johnson is in the middle of planning a £15 million monument to rival the Eiffel Tower, which will be built in the Olympic Park in time for the 2012 Games - but the tower already has its critics, who say that its design is going against Boris' former pledges not to litter London's skyline with any more tall buildings...

25, 2009 October:

London ‘leading commercial'

London is leading the commercial property market recovery in the UK with the majority of surveyors reporting rising enquiries and lettings activity for the first time in over 2 years, according to a report from the Chartered Institution of Chartered Surveyors...

23, 2009 October:

Developers turn to housing

Developers who traditionally have built shops and offices are turning to housebuilding to take advantage of a market in which the residential sector looks more compelling...

Big loss for commercial

Investors in the first U.K. commercial mortgage bonds to be liquidated since the financial crisis began may lose as much as £1 billion after values of properties backing the two deals collapsed...

22, 2009 October:

World's worst airport

Heathrow has topped a recent poll - but sadly it's nothing to celebrate - the international airport has been voted the worst airport in the world by a global survey of airline passengers...

Win a hotel!

If you are bored with the same old nine to five grind, why not start a whole new life as the manager of your own hotel - a stylish sixteen-bedroom hotel in Wiltshire and £50,000 annual income is being offered as a prize in the latest property competition to hit the headlines...

Recovery for commercial

Green shoots of recovery are at last starting to appear in the European commercial property market, with investment volumes jumping 53% in the third quarter, but the outlook for 2010 is still unclear...

Gatwick Airport sold

Gatwick Airport, Britain's second-biggest, has been sold to Global Infrastructure Partners (GIP), owner of London City airport, for £1.5bn, airport group BAA said...

21, 2009 October:

Croc wrestling in Vegas

A plan to build a second Australia Zoo, this time near the famous Las Vegas strip, is back on the agenda almost five years after first being proposed...

20, 2009 October:

Germany looks to US

Germany's biggest insurer, Allianz SE, is circling like a vulture ready to snap up real estate bargains in the US commercial property market as values continue to slide and banks move to foreclose on more distressed borrowers...

Going bananas

Gap's Banana Republic has signed up at Brent Cross shopping centre in north London for its second UK store - it will be its first shopping centre store in Europe...

19, 2009 October:

Hotel of doom rises again

Its brazen outline has towered over Pyongyang for more than two decades. Sitting empty and unfinished, the Ryugyong Hotel is regarded as an example of communist folly. It has variously been called ''the hotel of doom'' and ''the worst building in the world''...

Bristol hotel gets wings

Bristol International Airport (BIA) has signed an agreement with Pedersen Airport Hotels to develop the airport's first on-site hotel - the agreement will lead to the construction of a 250 room hotel 100 metres from the terminal building that will target passengers departing on early morning flights or arriving late in the evening...

16, 2009 October:

RAK scheme part-suspended

The developer behind Ras Al Khaimah's first man-made islands, RAK Properties PJSC, has announced that it is to part-suspend the 12bn dirham (£2.2bn) project until the Ras Al Khaimah property market improves...

Demand for dairy

There was "strong demand" for dairy farms in New Zealand in September as milk powder prices rose again over the month, Real Estate Institute of New Zealand (REINZ) President Peter McDonald said today...

WHSmith looks to India

Retailer WH Smith said it would return up to 35 million pounds to investors, as it met forecasts with an 8 percent rise in full-year profit and announced plans to move into India...

15, 2009 October:

Commercial markets: largest gain

The UK's commercial property markets delivered the largest monthly capital growth since June 2006, at 1.1%, according to the Investment Property Databank Monthly Index for September...

Hilton seizure

The US-based Hilton hotel chain is "evaluating" the Venezuelan government's seizure of one of its hotels on the Caribbean resort island of Margarita, a spokeswoman said yesterday...

Leading the way in Leeds

Leeds City Council has confirmed that the development of Leeds Arena will go ahead as planned and open by 2012, despite concerns raised by the government...

14, 2009 October:

Get a taste of history

JFK slept here and So did Prince Charles -representatives of the Big Four presumably stayed awake as they worked on the United Nations Charter in 1945 - for the past few months, the historical penthouse at San Francisco's Fairmont Hotel has been undergoing extensive restoration...

13, 2009 October:

Polish pride

Warsaw, the capital of Poland, can expect the biggest influx of companies and business in the next five years while London is the best business city in Europe, according to the 20th annual European Cities Monitor...

08, 2009 October:

Spanish secret

A new luxury Spanish property resort described as ‘the best kept secret in Andalucía' is set to be unveiled this week by the Lería Group...

07, 2009 October:

Samoan hotels close

The Samoan Tourism Authority (STA) has published a list of all the resorts and hotels that have closed in the aftermath of last week's earthquake and tsunami...

India commercial ‘taking off'

A surge in demand for office space in India is set to revolutionize the commercial property market by 2013, it is predicted - according to an investment report from consultants Cushman & Wakefield, the pan Indian demand for office space is expected to grow to 196 million square feet...

06, 2009 October:

McMona Lisa

Paris - the elegant home of fine dining, art, culture, stunning architecture and, er, McDonalds - yes, that's right, the French capital has its fair share of the fast food giant and, whilst that may not be a surprise to you, how about a new branch of the Golden Arches in the celebrated Louvre Museum on Paris' Right Bank...