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Showing posts from July, 2022

Despite Brexit, London remains the most popular global commercial real estate investment destination.

According to Knight Frank's London Study, London remained the world's top commercial real estate investment destination in 2018 . properties in qatar   Despite the continuing confusion surrounding Brexit, London remains by far the most famous global real estate investment destination, with £16.2 billion ($21 billion) invested in the UK capital's commercial offices in 2018. This compares to investments of £14.3 billion ($18.5 billion) in Manhattan, £12.1 billion ($15.6 billion) in Paris, and £8.4 billion ($10.8 billion) in Hong Kong. Despite the fact that overall investment volumes in Central London were marginally lower in 2018 (£16.8 billion, or $21.7 billion), the average transaction size increased to an all-time high of £81.5 million ($105 million).   The following are some of the highlights of global commercial investment in 2018: In 2018, London's commercial offices attracted £16.2 billion ($21 billion) in investment, outpacing Manhattan, Paris, and Hong ...

MIPIM: Interest in North American Real Estate Is Growing.

MIPIM is in full swing in Cannes, perhaps the world's largest and most critical commercial property exhibition. Here are a couple of the show's announcements:  property qatar Investors are focusing on the Americas rather than Europe. According to DTZ, investment capital available for commercial property increased by 3% in the last six months, with the Americas seeing the most growth. The Americas grew at the fastest rate of any country, increasing by 8% to $124 billion. According to the consultancy, capital for investment in Asia Pacific increased by 3% in the last six months to $82 billion. Investors, on the other hand, are also cautious of spending across boundaries. "Funds are continuing to concentrate on their home market or country, reflecting the unpredictable market climate and investors' risk aversion," said Hans Vrensen, DTZ's global head of research. "Over 90% of resources will be invested domestically or within the same area in both E...

Fame, fortune, and real estate investment have formed the world's top '12 cities.'

New York and London have been named as leading international cities of the world in a new report called 12 Cities by international real estate adviser Savills.  apartment for sale in qatar Cities are classified by Savills according to their popularity and fame, as well as their economy and size; factors that will decide the cross-border investability of their real estate, as well as their current 'world class' city status. Savills' 'X-Factor' world city characterization looked at a combination of global competition, accessibility, foreign visitors, and web search data in 12 cities to assess overall world city status. Using these metrics, Singapore and Paris begin to challenge New York and London, while Moscow, Mumbai, and Rio de Janeiro are less-established leading global cities in the study's top tier of twelve. "Our concept of a world city is focused on other less tangible considerations, not just size or economic growth," says Yolande Barnes, direct...

Australian executives were cleared in Dubai after five years.

The long-running saga of two Australian property executives accused of fraud in Dubai appears to be coming to a close.  villas in Doha Matt Joyce, the former managing director of Dubai Waterfront, an ambitious effort to create a city-within-a-city in the emirate, was acquitted by a Dubai court of appeals on Sunday. The acquittal of Mr. Joyce's colleague, Marcus Lee, was also upheld by the court. After being convicted of fraud charges in May, Mr. Joyce faced ten years in prison and a fine of $25 million. The case revolved around a $12 million consultancy fee charged by Australian developer Sunland to buy a parcel of land in the Waterfront scheme, despite the fact that it was complicated. The two executives allegedly duped Sunland into paying the fee in order to get another company to abandon its plans for the land, according to Dubai prosecutors. In January 2009, Mr. Joyce and Mr. Lee were convicted and sentenced to nine months in prison. Since then, they've been under house arr...

A Swiss bank is planning to enter the Australian property market.

UBS AG, Switzerland's largest bank, expects to invest up to A$10 billion ($9 billion) in Australia's property market over the next five years.  Properties in Qatar for sale According to Trevor Cooke, UBS's Sydney-based head of Asia-Pacific real estate, the bank will partner with Grocon Pty, Australia's largest closely owned builder, to beat out other foreign capital rushing into the country's real estate market. Mr. Cooke said, "In Australia, there is substantial competition from pools of capital for access to investment-grade stock."  "Partnering with an originator is the best way for us to provide practical solutions to our clients. The Asia Pacific area as a whole is a geopolitical target, and Australia is one of the region's most appealing markets." According to a Jones Lang LaSalle survey, direct investment in commercial property in Asia Pacific increased 33% year over year in the third quarter. For the first nine months of 2013, the reg...

Asia Property Plans are detailed by a top MGPA executive.

According to the top executive of its new acquisition target, MGPA, BlackRock, the world's largest asset manager, is targeting key markets such as Japan and Australia as it moves into Asian real estate for the first time.  pearl apartments According to MGPA executive chairman Jim Quille, BlackRock is betting that higher interest rates and the region's rapid growth will generate strong demand for property in the coming years. "In their opinion, real estate, especially Asian real estate, is likely to benefit from capital flows in the coming years," Quille said. "At the moment, we're investing in Japan, China, and Australia because we believe they offer the best value." "Hong Kong is obviously very expensive and very toppy at the moment, and it's not a market we'd be interested in." BlackRock seems to be eager to take advantage of additional future capital gains in Asian office space. The business announced on May 21 that it would acquire ...

Bombay Castle is the oldest castle in Mumbai and has a long and illustrious history.

The Bombay Castle, located within the INS Angre in south Mumbai, has a sundial dating from the Portuguese era that, although not indicating 12 hours of a single day, does indicate particular periods that were significant to people at the time . buy property in qatar Have you heard that Mumbai (formerly Bombay) has its own historical castle? The Bombay Castle, also known as Casa da Orta, is one of the city's most magical monuments. It is one of the oldest defensive fortifications constructed in the region. The current castle was constructed on the site of the former Manor House by the British. Garcia de Orta, a Portuguese nobleman, designed this building. Between 1554 and 1570, he leased Bombay Island from King of Portugal. Bombay Castle in South Mumbai: Interesting Facts It's almost impossible to estimate the monument's worth! It is absolutely priceless and sits on prime Mumbai real estate. Blue Kurla stone and red laterite stone from the southern Konkan area were used to b...

Before you move into a rented house, make sure you follow these Vastu Shastra guidelines.

Although it may be relatively simple for homeowners to make changes or make corrections to their homes to fix Vastu Shastra flaws, tenants may not have the same options. As a result, we'll look at some Vastu factors that tenants should consider before renting a home.  Properties for sale in Doha Compliance with Vastu Shastra is now a major factor influencing the decisions of both home buyers and tenants. Since tenants in rented homes are unable to perform any civil work as mandated by Vastu, they may be forced to vacate their homes on a regular basis in order to escape Vastu flaws. We will address Vastu for rental homes in this post, as well as fast tips to correct doshas and make your rental home peaceful so that your family can benefit from its positivity. “One of the most daunting aspects of living in a rented flat or apartment is that you can't make many improvements without the permission of the landlord. People living in such flats would not face any difficulties if they ...

Mori, a Japanese conglomerate, has broken its lull and announced plans to invest $1.2 billion in new real estate.

After a four-year hiatus, Japanese billionaire Akira Mori revealed that his Tokyo-based Mori Trust Co. will begin purchasing properties worth up to 100 billion yen ($1.2 billion) in Tokyo, New York, and London. Mori Trust Co. is the most profitable privately owned construction company in Japan.  apartments Mori's business will be making its first big investment since the end of Japan's real estate boom in 2008. Mori's announcement comes as the yen rises and local real estate prices rebound. Mori stated that his company's overseas acquisitions will be focused on properties whose values can endure market downturns, and that the company may consider partnering with other investors in major cities like New York and London. "When the market is weak, property in a desirable location is good because it appears to be the last to drop in value," Mori said, referring to properties in New York City. "The cheapest assets are the first to depreciate and the last to re...

Trophy Building Rents Have Returned to New York City.

Trophy office building rents have returned to Manhattan's premier office buildings, according to JLL's spring 2014 Skyline Analysis, as demand from smaller financial services tenants continues to drive both activity and pricing.  buy property in qatar Although the city's thriving media and tech industries have fueled demand for some trophy office buildings, especially in Midtown South and Downtown, the city's high-end product is still being held back by weak employment growth in large financial and legal services firms. According to JLL, top-of-market pricing has hit its highest level since 2008. There were 81 transactions in 2013 of rents beginning at $100 or more, up from 51 in 2012. Year-to-date activity has remained strong, with over 20 properties now demanding direct rents of more than $100 per square foot, up from just 14 in the spring of 2013. Under this category, a smaller group of buildings with views of Central Park command rents of $150 to $200 per square foo...

Outside of Central London, 74 percent of UK commercial investment is now directed.

Due to a shortage of available prime stock in Central London, international commercial real estate investors are increasingly attracted to UK regional cities, and in particular major investment opportunities, according to global property advisor CBRE.  Properties for sale in Doha In the first quarter of 2014, the UK registered €12.4 billion in transactions, up 5% from the previous quarter. Outside of Central London, nearly three-quarters (74%) of the total was made up of properties, up from 61 percent in the previous quarter and the highest proportion since Q4 2011. In Q1 2014, international investors transacted for €1.2 billion (£1 billion) outside of Central London, with nine transactions from Asian and Middle Eastern investors, five of which were worth more than €12 million (£10 million). Since the market bottom in Q2 2009, non-European capital has gradually expanded into regional UK cities, more than doubling market share from 7% to 18% in Q1 2014. Non-Central London investment...

For the world's ultra-wealthy, a new 'amenity of choice' has been created by a designer pool.

The world's ultra-wealthy now own over $5.3 trillion in real estate properties, according to World Property Channel. With the recent influx of newly minted billionaires around the world, many luxury property developers are waging a battle to entice them to their projects by any means necessary. Condos are now vying with one another for wealthy buyers who want exclusive water amenities added, such as epic two-story rooftop aquatic centers and infinity pools on every terrace, in addition to having the beach, heat, and fantastic weather at their disposal.  apartments The Peebles Corporation's CEO and Chairman, Don Peebles, tells World Property Channel, "Billionaires seek the exclusivity of a private estate with all the facilities of a five-star resort while looking for a second, third, or even fourth home. This resort-style lifestyle in Miami and Miami Beach revolves around water - waterfront locations, swimming pools, poolside lounging, and poolside entertainment." Peeb...