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 Financial Times: Liberty confirms bid approaches
Designer brand and fashion retailer confirms it has been approached by possible bidders but declines to give update on possible sale and leaseback of its Regent Street store
Forbes: The $50 Million Price Point
There's an art to selling a ridiculously expensive piece of real estate. It starts with getting the buyer to think of a big number.
Financial Times: Partners launch low carbon property initiative
Carbon trust joins fund manager and developer to offer £350m low carbon commercial real estate scheme
Financial Times: Segro pulls out of BAA wharehouse sale
Segro, the real estate investment trust, has pulled out of talks to acquire £250m of warehouses and offices from BAA
AME Info: GTCC wins Dhs484m Damac contracts
Gulf Technical Construction Co (GTCC), a subsidiary of Drake & Scull Construction (DSC), has won two contracts valued at Dhs484m from Dubai-based Damac Properties. The first contract is worth Dhs371m and involves construction work on Lakeside, an eco-friendly residential building comprised of four towers located in Dubai's International Media Production Zone ...
AME Info: Al Habtoor Leighton to expand operations
Laurie Voyer, CEO of Al Habtoor Leighton, the Middle East division of Australia's Leighton Holdings has unveiled plans to expand the firm's operations in Saudi Arabia, Qatar and Kuwait during the next year, the Australian newspaper has reported. The company plans to grow in these markets to the same scale as its UAE operations, Voyer said. The company, which ...
Financial Times: Regus uses insolvency tools to cut rents
The serviced offices group has demanded rental cuts and concessions from landlords under a plan that could see parts of its business being put into administration
Financial Times: Fears of China property bubble grow
Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble
AME Info: Emaar EC inks deal with Jurong on Saudi project
Emaar, The Economic City (Emaar EC), the Saudi unit of UAE-based developer Emaar which is developing King Abdullah Economic City, has announced the signing of an agreement with Singapore's Jurong International to develop the second phase of the Industrial Valley within KAEC. According to the agreement, Jurong International will undertake the master planning ...
AME Info: Barwa submits offer to buy shares of Alaqaria
Qatar-based developer, Barwa Real Estate Co, has said it has submitted its official offer to acquire Doha-based Qatar Real Estate Investment Co (Alaqaria). Shareholders of the two companies will be given the opportunity to vote on the proposed transaction when they hold separate meetings in Doha on March 30. Qatari Diar, the largest shareholder in both compa ...
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·GTCC wins Dhs484m Damac contracts
Gulf Technical Construction Co (GTCC), a subsidiary of Drake & Scull Construction (DSC), has won two contracts valued at Dhs484m from Dubai-based Damac Properties. The first contract is worth Dhs371m and involves construction work on Lakeside, an eco-friendly residential building comprised of four towers located in Dubai's International Media Production Zone, while the second is worth Dhs113m and covers the 15-storey ...
·Al Habtoor Leighton to expand operations
Laurie Voyer, CEO of Al Habtoor Leighton, the Middle East division of Australia's Leighton Holdings has unveiled plans to expand the firm's operations in Saudi Arabia, Qatar and Kuwait during the next year, the Australian newspaper has reported. The company plans to grow in these markets to the same scale as its UAE operations, Voyer said. The company, which has 35,000 employees, is a joint venture formed in 2007 bet ...
·Emaar EC inks deal with Jurong on Saudi project
Emaar, The Economic City (Emaar EC), the Saudi unit of UAE-based developer Emaar which is developing King Abdullah Economic City, has announced the signing of an agreement with Singapore's Jurong International to develop the second phase of the Industrial Valley within KAEC. According to the agreement, Jurong International will undertake the master planning and infra engineering of the 2 million square metres located ...
·Barwa submits offer to buy shares of Alaqaria
Qatar-based developer, Barwa Real Estate Co, has said it has submitted its official offer to acquire Doha-based Qatar Real Estate Investment Co (Alaqaria). Shareholders of the two companies will be given the opportunity to vote on the proposed transaction when they hold separate meetings in Doha on March 30. Qatari Diar, the largest shareholder in both companies, would maintain a 45% share in the enlarged Barwa compa ...
·World's second tallest building to open in Saudi
The world's second tallest building will be opened next August in Saudi Arabia, Meed has reported. The 577-metre Makkah Clock Royal Tower will be 59 metres taller than the 508-metre tall Taipei 101 tower in Taiwan, but 251 metres shorter than the Dubai's 828-metre tall Burj Khalifa. MakkahClock Royal Tower is part of the 4.5 million-square-metre, seven-building Abraaj al-Bayt complex, owned by Riyadh's Kingdom Holdin ...
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