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International Property

Investec Australia Property Fund acquires office tower in well-located Brisbane

Investec Australia Property Fund (JSE:IAPF) on Monday said it had acquired a 50% interest in an institutional grade office tower in the central business district of Brisbane with Abacus Property Group (ASX: ABP) for A$132 million (R1.4 billion). ... Full story

Saudi billionaire sells Toronto Four Seasons hotel for R2.3 billion

Toronto - It’s business as usual at the luxury Four Seasons hotel in Toronto, where one super-wealthy foreign owner has replaced another, in a deal worth R2.3 billion ($225 million Canadian dollars) ... Full story

US existing home sales fall in August

US sales of existing homes slows for the second straight month in August, with tight supply partly to blame, ... Full story

Dubai rolls out property projects despite falling prices

Dubai developers are rolling out their scale models for the city's latest grandiose property projects despite continued falls in real estate prices. ... Full story

MAS ready to expand into Central and Eastern Europe

JSE- and Luxembourg-listed MAS Real Estate, reports a strong results for the year to end-June 2016‚ marked by a 63% increase in rental income and a 34% increase. ... Full story

Echo Polska Properties upbeat over Poland’s real estate market in the wake of Brexit

Echo Polska Properties (EPP), which lists on the JSE in September following a listing on the Euro MTF market of the Luxembourg Stock Exchange (LuxSE) in August, remains excited about the prospects for the Polish real estate market despite the current volatility in Europe and other markets around the world. ... Full story

London decline hits Capital & Counties property

London-focused property company Capital & Counties strikes GBP200m off the value of its Earls Court estate. ... Full story

Redefine’s diversified portfolio weathers effects of Brexit

Britain’s vote to leave the European Union (EU) has thrown most UK-focused property funds into disarray but this immediate impact on Redefine International is not a “major concern”. ... Full story

Atlantic Leaf Properties sees golden opportunity in Brexit

UK-focused Atlantic Leaf Properties Ltd, says the referendum for Britain leaving the European Union (Brexit) could provide a golden opportunity for investors. ... Full story

Engineering consultancy downplays links with Rosatom

Australian engineering and technical consultancy WorleyParsons, which has been appointed to advise the Department of Energy on the procurement process for nuclear energy, says it does not enjoy a particularly close relationship with Russian nuclear vendor Rosatom. ... Full story

Brexit decision shocks rand-hedge real estate counters

Rand-hedge property stocks such as Capital & Counties Properties, Redefine International, Capital & Regional, MAS Real Estate, Atlantic Leaf Properties and Intu Properties plummeted Friday after the U.K. voted to leave the European Union — dubbed "Brexit". ... Full story

Sun International gets approval for Dreams merger

Sun International receives approval from the relevant gambling regulators in Latin America for the merger of its Latin American portfolio with Chile-based Dreams. ... Full story

US ex-CEO jailed 15 years in UAE for 'fraud'

A Dubai court has sentenced an American-Lebanese businessman to 15 years in prison over fraud and misuse of power in a property deal, local media reported Monday. ... Full story

Investec Australia Property Fund posts healthy results

Investec Australia Property Fund (IAPF) on Thursday increased its distributable income to unit holders, underpinned by returns derived in hard currency. ... Full story

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