Global Real Estate

Canadian investment giant Brookfield Property Partners has bought Center Parcs, trumping rivals bids for the holiday business and scotching a potential stock market float. The commercial property group won the auction for the UK holiday parks operator with an offer believed to have been just below the £2.5bn asking price that private equity owner Blackstone had sought for the business. ...

As Asian institutions have become increasingly interested in continental Europe’s real estate sector on the back of the cheaper euro and the central bank’s money printing programme known as quantitative easing, a growing number of European landlords are actively reaching out to Chinese and other Asian investors. Asian institutional funds are generally under-allocated to overseas real estate assets partly because ...

I once thought that the man made catastrophe that has consumed every sphere of our lives in Nigeria is worse than having a natural disaster. When people say that we are lucky to be in an area not prone to earthquakes I wonder if they realize that an earthquake will be far better than the curse our government placed on ...

This one-bedroom home takes things to a whole new astronomic level – because it’s just gone on sale for a staggering £3.75million. The flamboyant home, named ‘Tutti Frutti’, could become one of the world’s most expensive one-bedroom houses after it was put up for sale. Tucked away on a quiet mews in Knightsbridge, the “exquisite bijou mews house” is the ...

Confidence in the UK housing market has fallen slightly despite the fact that interest rates were held again and average house prices continued to increase. According to the latest monthly Halifax Housing Market Confidence Tracker the headline House Price Outlook balance, that is the difference between the proportion of people across Britain that expect the average property price to rise ...

If you are one of Michael Jackson’s Superfans then here is a chance to purchase the ultimate piece of MJ memorabilia: his Neverland Ranch home! Complete with a train station, lake and floral clock, the ranch can be yours. But you have to have $100 million! The 2,700-acre property, located in Los Olivos, a small town in central California, is ...

Shareholders of Pulse Investments Limited have given the model agency’s board permission to offload the company’s real estate holdings, although CEO and chairman Kingsley Cooper says there are no immediate plans to sell. Pulse Investments has a stake in Pulse Centre at 38A Trafalgar Road in Kingston as well as the Villa Ronai Spa and Suites in Stony Hill, St ...

An Abu Dhabi-based real estate firm has formed a strategic partnership with an Indian construction firm to establish ‘Smart City’ projects in India. ‘Smart City’ is Prime Minister Narendra Modi’s ambitious project aimed at recasting the urban landscape of the country by making cities more livable and inclusive, besides driving the economic growth. Each selected city under the scheme would ...

According to figures released by the Property Council of Australia this week, the property industry contributed almost 12% of Australia’s gross domestic product last financial year. Figures in a report commissioned by the Property Council from consulting firm AEC Group show that property-related financial, professional and construction services contributed $182.5 billion to the economy last year, which makes up 11.5% ...

IFC, a member of the World Bank Group, and Chinese multinational construction and engineering company, CITIC Construction Co., Ltd  on May 29 launched a $300 million investment platform, CITICC (Africa) Holding Limited, to develop affordable housing in Sub-Saharan Africa. The platform will partner with local housing developers and provide long-term capital to develop 30,000 homes over next five years. IFC ...