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Financial Times: Audio slideshow: The City's changing skyline
New buildings in the City of London aren't just about height – communal spaces for workers are just as important. Dan Thomas took a guided tour to find out
Financial Times: Write-offs see Prestbury report £20m loss
Group managed by property entrepreneur Nick Leslau hit by several non-performing investments made outside real estate in pubs, garden centres and in a seafood importer
AME Info: Construction begins on Heart of Sharjah project
The Sharjah Investment and Development Authority (Shurooq) has announced the commencement of construction works on the 'Heart of Sharjah' project. The multi-phase project includes ongoing development works with the aim of reviving the historic and heritage areas of the Emirate. Construction on the first phase of the project began last week, and is scheduled ...
AME Info: Antonio Projects set to award Beirut tallest tower contract
Lebanese developer, Antonio Projects expects to award the main construction contract for the capital's tallest tower in October, Meed has reported, citing a source involved with the project. The 50-floor, 200-metre, Sama Beirut Tower will include seven floors of offices and 40 residential floors, which will contain 71 apartments. The tower will also contain ...
Financial Times: M&G drops price of property fund units
The Guernsey-based fund shifts from 'creation' to 'cancellation' pricing following 'persistent' redemptions, in a move that will raise questions over sentiment towards real estate assets
AME Info: Nakheel set to pay creditors $408m next month
Ali Lootah, chairman of Dubai-based developer Nakheel has said the firm plans to pay Dhs1.5bn ($408m) of bills it owes to trade creditors next month, Reuters has reported. The company expects to pay 40% of the money owed to trade creditors in cash and 60% through a tradeable sukuk, Nakheelsaid. The company said on August 24 it paid Dhs2.5bn it owed trade cre ...
AME Info: Al Hamra RAK development to begin handover in September
Ras Al Khaimah-based Al Hamra Real Estate Development has announced that Phase 3 of the Royal Breeze freehold residential development has entered the final stages of construction, and units will be delivered in phases to investors starting September 2010. Type A town houses will be the first units to be delivered to investors starting next month, while Type ...
AME Info: Bahrain firms bid for social housing project
Bahrain's housing ministry has received two bids from local companies for the development of a social housing project, as the country seeks to address a housing shortage for low-income nationals, Meed has reported. The project involves the construction of a minimum of 3,500 social houses. Land will be given to the developer for free, with three sites earmark ...
AME Info: Abu Dhabi to launch new green building code
A new mandatory green building code is to be introduced in Abu Dhabi this week, aimed at reducing by 40% energy bills in new homes to be built across the emirate, The National has reported. As of September 1, all new buildings must meet sustainability and urban design requirements to receive approval for construction to begin. Developed by the Urban Planning ...
AME Info: Dubai developers rushing to 40% completion mark
Dubai developers are reportedly taking advantage of an upturn in construction activity in order to put investors in difficult financial positions, the Gulf News has reported. The daily claims that some developers are rushing through to the 40% completion stage on projects, in order to issue default notices to buyers who have missed instalments.
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·The New Homebuyer Tax Credit Won't Die --Should It?
The government has given buyers using the credit another three months to close sales, and the initiative is being imitated on a smaller scale by states and private companies. But some think the market would be better off if we laid it to rest for good.
·Middle-Of-Nowhere Mansions
Ultra-high-end homes are on the market for tens of millions in Door County, Wis., and other unexpected spots. What are they doing there?
·The World's Most Expensive Cities For Expats
A new study reveals the cities that cost the most for foreign-based companies and individuals.
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·Kuwaiti firm postpones two Middle East projects
Ghazi Al Nafisi, chairman and managing director of Kuwait-based developer, Salhia Real Estate has said the firm has delayed two projects, one in Bahrain, the other in Oman, due to the fallout from the global financial crisis, Arabic Al-Watan has reported. Preparatory work on the Bahrain project was scheduled for completion this year, Al Nafisi told the daily. The project involves the construction of an office tower a ...
·Construction begins on Heart of Sharjah project
The Sharjah Investment and Development Authority (Shurooq) has announced the commencement of construction works on the 'Heart of Sharjah' project. The multi-phase project includes ongoing development works with the aim of reviving the historic and heritage areas of the Emirate. Construction on the first phase of the project began last week, and is scheduled for completion within two years.
·Antonio Projects set to award Beirut tallest tower contract
Lebanese developer, Antonio Projects expects to award the main construction contract for the capital's tallest tower in October, Meed has reported, citing a source involved with the project. The 50-floor, 200-metre, Sama Beirut Tower will include seven floors of offices and 40 residential floors, which will contain 71 apartments. The tower will also contain seven basements, which will contain parking facilities for m ...
·Nakheel set to pay creditors $408m next month
Ali Lootah, chairman of Dubai-based developer Nakheel has said the firm plans to pay Dhs1.5bn ($408m) of bills it owes to trade creditors next month, Reuters has reported. The company expects to pay 40% of the money owed to trade creditors in cash and 60% through a tradeable sukuk, Nakheelsaid. The company said on August 24 it paid Dhs2.5bn it owed trade creditors in July.
·Al Hamra RAK development to begin handover in September
Ras Al Khaimah-based Al Hamra Real Estate Development has announced that Phase 3 of the Royal Breeze freehold residential development has entered the final stages of construction, and units will be delivered in phases to investors starting September 2010. Type A town houses will be the first units to be delivered to investors starting next month, while Type C town houses, which have been fully constructed and are now ...
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·Audio slideshow: The City's changing skyline
New buildings in the City of London aren't just about height – communal spaces for workers are just as important. Dan Thomas took a guided tour to find out
·Suitors line up for Regent Street
The Crown Estate, which controls sovereign land and property in the UK, has drawn up a shortlist of potential investors in its £1.6bn Regent Street estate
·Write-offs seePrestbury report £20m loss
Group managed by property entrepreneur Nick Leslau hit by several non-performing investments made outside real estate in pubs, garden centres and in a seafood importer
·M&G drops price of property fund units
The Guernsey-based fund shifts from 'creation' to 'cancellation' pricing following 'persistent' redemptions, in a movethat will raise questions over sentiment towards real estate assets
·First-timers shortage threatens housebuilders
The dwindling levels of potential first-time owners entering the market is a concern for estate agents and could hold up sales higher up the property ladder
·Rightmove warns on first-time buyers
The property website said March was its busiest month as prospective house buyers surfed its website for deals, boosting first-half profits by 40%
·Regus hopes for recovery in UK business
The serviced office provider said declines at its legacy UK business had plateaued even though squeezed margins in the business helped push the serviced office provider to a first-half loss
·Segro in profit as property stabilises
The industrial and distribution property specialist returns to profit as the value of its properties across the continent firm in the first half of the year
·Savills boosted by Asian and London demand
The international estate agent bounces to solid profit on the back of recovery in London residential markets and the continued property boom in Asia
·Sapphire Retail falls into administration
A joint venture of the Reuben brothers and Lloyds Banking Group fails to agree to a refinancing of the debt used to acquire the fund, which owns three UK shopping centres
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