| London's prime new build residential real estate export market nets £1.4 billion a year (UK) |
| Mon, 06 Feb 2012 02:27:00 +0100 |
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The prime London new build residential market is now being driven almost exclusively by international buyers, generating a net £1.4 billion (€1.7 bln) inflow of equity in 2011, according to new analysis from international real estate adviser, Savills. This means that its dynamics have more in common with Hong Kong and Singapore real estate than with the wider UK property market. Much of this overseas equity has been generated from off-plan sales, prior to completion and helped to forward-fund s |
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| Cushman & Wakefield: Beijing office market has world's fastest rental growth year-over-year |
| Mon, 06 Feb 2012 02:01:00 +0100 |
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According to Cushman & Wakefield, Asia-Pacific – most notably Beijing – is experiencing a boom in office rents fuelled by rising demand and increasingly limited supply. As the Chinese calendar moves into the Year of the Dragon, prime office rents in Beijing have risen year-on-year by 75%, a steeper increase than 2010 (48%) and the highest increase of any city in the world during 2011.
Beijing is now more expensive than Shanghai and is the third most costly city in Asia for occupiers taking offi |
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| JLL: Investors more bullish on cross border transactions |
| Mon, 06 Feb 2012 01:49:00 +0100 |
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Jones Lang LaSalle’s Year End 2011 Global Capital Flows report shows there was US$410.6 billion of direct commercial investment in 2011, a 28% increase over 2010.
Highlights from the report include:
Cross border purchasing activity rose from 27 percent in 2010 to 31 percent in 2011
Cross border purchases remain stable, accounting for 30 percent of total volumes in Q4 2011
London finished 2011 as the most active city globally, with New York, Paris, Tokyo and Singapore completing the top |
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| Port of Amsterdam is ready for biomass (NL) |
| Mon, 06 Feb 2012 01:34:00 +0100 |
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The port of Amsterdam is ready to start unloading, storing and transhipping biomass. The sustainable energy feedstock is shipped onboard seagoing vessels arriving from countries such as Canada, the US and Brazil. Exponential growth of this cargo flow is forecast in the coming years.
On Thursday, 2 February, a delegation on behalf of the American Port Erie, Pennsylvania, will visit the Port of Amsterdam to study the biomass handling options. Port of Erie is looking for ways to tranship and sell |
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| Helical Bar acquires Broadway House, Hammersmith from Joint Fixed Receivers for £14.1 mln. (UK) |
| Mon, 06 Feb 2012 01:25:00 +0100 |
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Helical Bar plc has completed the purchase of Broadway House, Hammersmith from Joint Fixed Receivers for £14.1 million (€17 mln.), reflecting a net initial yield of 5.7% and a targeted reversionary yield of 8.7%. The acquisition was funded by a £9.17 million loan from a UK lending bank fixed for four years at just under 4% (including margin), with the remainder of the consideration derived from the Group’s cash reserves.
The 35,000 ft² (3,240 m²) multi-let investment is located at 1/15 King St |
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| Brazil's Girrasol Building named Overall Winner of MIPIM AR Future Project Awards (FR) |
| Mon, 06 Feb 2012 00:48:00 +0100 |
A distinctive residential block formed by unevenly cascading levels situated on a sloping topography in São Paulo, has been named the Overall Winner in the 10th annual MIPIM Architectural Review Future Project Awards. The project, which also won in the Residential Category, was selected by a panel of expert judges from among 143 entries submitted from all over the world as the overall winner of the competition.
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