Though South Africa is on the brink of recession and mergers and acquisition volumes have tumbled, a report by information provider Mergermarker says there have been a string of real estate deals in the first quarter of the year.
1 min read · 21 January 2013
Speymill, the AIM-listed real estate fund manager and contractor, has resumed trading on London’s junior stock exchange following a nearly three-month share suspension. Meanwhile rival AIM-listed fund, Macau Property Opportunity Fund, reports a fall in the value of its portfolio and the securing of its first loan.
1 min read · 21 January 2013
The average sales price in Manhattan has fallen back to 2005 levels, from $842 per square foot for the year 2008 to just $442 in the first quarter of 2009, according to real estate services firm, FirstService Williams.
1 min read · 21 January 2013
The real estate investment and development firm can appeal a US court ruling that would force it to repay millions of dollars in rent overcharges. The ruling had brought into question the strategy of converting rent stabilised apartments in New York to market rates.
3 min read · 21 January 2013
The New York-based firm is in advanced talks to help recapitalise the Junction retail park fund, according to a report in the Financial Times. If the deal completes, it would extend the relationship between AREA and the Junction’s fund manager, Capital & Regional.
1 min read · 21 January 2013
Norway’s ministry of finance has signalled its intention to delay its real estate investment plans as global market conditions continue to deteriorate. The €267bn pension has allocated 5% to real estate, but said it will not impose a 'fixed investment plan' in the current environment.
2 min read · 21 January 2013
Want to drive deal flow? Talk to a reporter, writes Bill Haynes.
4 min read · 21 January 2013
The Vietnam-focused firm has hired Stacy Kincaid as fund portfolio managing director. Kincaid was previously managing fund placement projects in San Francisco at Probitas Partners.
1 min read · 21 January 2013
The US investment fund has reportedly outbid Goldman Sachs and Oaktree Capital Management for the chance to rescue Japanese real estate investment trust, New City Residence Investment Corp.
1 min read · 21 January 2013
In its latest research report released today, UBS Global Asset Management said emerging real estate markets such as China and India will still provide more growth for investors than their established counterparts.
2 min read · 21 January 2013
