International News
Possible Nepi and Rockcastle merger
A tie-up between New Europe Property investments (Nepi) and Rockcastle Global Real Estate, could produce Eastern European real estate powerhouse with R85.4bn market cap. ... Full story
Fashion icon Karl Lagerfeld to venture into the hotel business
Fashion icon Karl Lagerfeld announced on Monday that he plans to launch his own branded hotel chain, with the first to open in the Chinese gambling hub of Macau in 2018.
Brexit uncertainty starts to affect Listed property funds
The U.K.'s decision to leave the European Union created uncertainty in several sectors of the economy, including the property investment market.
Study reveals Best Emerging Cities to make money from Property
While the trend for South African real estate investors is to keep their stock in stable, safe-haven destinations like London, Melbourne, Chicago and Berlin continue to attract investors looking for firmer ground.
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).
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)
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,
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.
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.
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.
London decline hits Capital & Counties property
London-focused property company Capital & Counties strikes GBP200m off the value of its Earls Court estate.
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”.
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.
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.
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".
