Global Real Estate News
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Keep abreast of the latest global real estate news across 7 continents that impacts on your business.
Luxembourg: CORPUS SIREO acquires €30m nursing home and medical centres for Health Care Fonds II and III (DE)
CORPUS SIREO International S.à r.l. in Luxembourg has acquired a nursing home in Bad Segeberg and medical centres in Berlin-Köpenick as well as in the greater region of Kaiserslautern for Health Care Fonds II and III. The investment volume for the acquisitions amounts to approximately €30m. Read more on: ...
Read more.South Africa: SA property market more balanced, says Herschel Jawitz
The residential market up until 2015 was essentially a sellers’ market driven by low interest rates, strong demand from buyers and a shortage of stock. Despite a slow economy, this market imbalance meant double-digit price growth especially in the major metros such as Johannesburg and Cape Town. Read more on: ...
Read more.Australia: Former treasurer Joe Hockey finds a buyer for $1.55 million Queensland farm
Former treasurer Joe Hockey has found a buyer for his $1.55 million Queensland farm. The Malandra property, in the Atherton Tablelands, had been on the market for over a year, despite the listing angling for a “quick sale”. Read more on: www.doma...
Read more.Saudi Arabia: Saudi Arabia makes big steps to improve real estate transparency
Saudi Arabia has moved up the rankings to finish in the ‘Semi-Transparent’ category for the first time in the JLL and LaSalle Investment Management’s 2016 Global Real Estate Transparency Index (GRETI). Read more on: www.arabianbusiness.com ...
Read more.Australia: Government ‘greed’ hurts first homebuyers
REAL ESTATE experts have slammed the NSW government’s decision to add a 4 per cent stamp duty surcharge on residential property bought by foreigners as nothing more than a “money grab”. Read more on: ...
Read more.UK: HK HOTEL OWNER BUYS $93M LONDON PROPERTY JUST IN TIME FOR BREXIT
A Hong Kong tycoon has acquired a London hotel for GBP 70,300,000 ($92.9 million) just in time for the UK to begin leaving the European Economic Union, a move which is expected to take the air out of a frothy property market in the UK capital. Read more on: www...
Read more.Australia: When to sell to double your profit
JUST how long do you need to keep your property before you can sell it for double what you paid for it? The common real estate myth has always been that property doubled in value every ten years, but in reality that usually wasn’t the case. Read more on: ...
Read more.UK: UK Commercial Property Trust sells 6 Arlington Street and Dolphin House for £45.6m (UK)
UK Commercial Property Trust Limited, which is advised by Standard Life Investments, has completed the sale of Dolphin House, an office in Sunbury-on-Thames, having also completed the sale, earlier in the month, of 6 Arlington Street, in London’s St James’s. The sales were completed in two separate transactions for a total consideration of £45.6m (€55m), which together represented an aggregate 14% premium to 31 March 2016 market value. ...
Read more.Australia: Loss-making real estate sales growing
IF YOU own a unit in regional Western Australia, you’re in for a world of pain. The majority of people who sold their home in the first three months of 2016 made a profit, but the number of people losing money on property resales is growing, new data shows. Read more on: ...
Read more.South Africa: R870m Houghton Hotel to Join the World’s ‘exclusive Club’
The Houghton Hotel, in Johannesburg’s plush suburb of Houghton, when finished in 2018, will be one of the most luxurious establishments in South Africa. The R870 million Houghton Hotel has awarded the final construction contract to Stefanutti Stocks. Houghton Hotel Project Manager, Andrew Morris, says Stefanutti Stocks’ excellent track record in the hospitali...
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