Dubai-based developer Emaar Properties PJSC said on Sunday that it has hired a new chief executive to head development.”John Carfi has joined Emaar Properties as CEO of Development,” a company spokesperson told Zawya Projects in an email. Carfi joins Emaar from Australian property group Mirvac, where he was head of residential. Mirvac said in a… Read More »
Burgeoning interest and investment in flexible workspaces is pushing a small corner of the commercial real estate market into the corporate mainstream, and drawing one top executive from Asia to help expand his company’s U.S. operations. Media reports say Japan’s SoftBank Group Corp, with expertise in information technology and telecommunications, is close to investing more… Read More »
Limited new office supply in Bangkok is expected to drive up rental prices by between 5 per cent and 9 percent this year, according to a survey by CB Richard Ellis (Thailand). CBRE’s research also anticipates that the tight office-supply situation will continue in 2018 and 2019, while the supply situation from 2020 onward will… Read More »
Inside the original Macintosh computer, Apple co-founder Steve Jobs inscribed the signatures of his team, revealing his deep concern for even the hidden features of his products. His last work – Apple Inc’s sprawling new headquarters in Cupertino, California – will be a fitting tribute: a futuristic campus built with astonishing attention to detail. From… Read More »
This year’s Investment Prospects survey from Urban Land Institute (ULI) and PwC shows a strong shift away from last year’s favorites, which featured core markets in Japan and Australia, in favor of emerging-market destinations. The survey also found steep declines in the popularity of gateway cities with the exception of Shanghai which has seen a… Read More »
There is strong demand in the Australian cities of Melbourne and Sydney, as well as in Bangalore in India and Bangkok, especially in their central business districts (CBDs). Other cities such as Ho Chi Minh City, Manila and Hong Kong continue to hold steady in terms of rental outlook, the survey found. Among the top sectors fuelling… Read More »
Chinese investment around the world surged over the past decade, expanding from an early focus on natural resource extraction and energy in developing countries to broader industries and advanced products and services in developed markets. In 2014, Chinese outward foreign direct investment (FDI) totaled $116 billion, and approximately $18.1 billion flowed into the United States.… Read More »
British commercial property capital values fell 2.4 percent in 2016, hurt by changes to stamp duty tax and Britain’s vote to leave the European Union, a real estate firm said on Tuesday. Retail property capital values saw the largest fall, declining 5 percent from a year earlier, while offices dropped 2.5 percent. Industrial property capital values… Read More »
The price of Brazilian commercial real estate has continued to contract, signaling the sector remains vulnerable to the effects of the country’s recession, according to market data released Tuesday. The monthly FipeZap indicator showed commercial property prices dropped 0.45% in November from the prior month, extending year-to-date losses to 3.18%, the research group said. In October, commercial… Read More »
Real estate developers and financial investors are capitalising on fast-rising demand for leasing of “co-working” spaces in China, as Beijing encourages startups and small businesses in a bid to offset slowing growth at traditional industries. Developers, including China Vanke, Soho China and Singapore’s CapitaLand, are renting out property space that hordes of self-employed persons or small-sized companies… Read More »
