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International
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Updated: Feb 4th, 2008 - 00:48:35 |
Bulgaria
Pamporovo Expecting 2 New Ski Lifts and Ski Runs
Bulgaria’s Pamporovo ski resort and the village of Stoykite are planning a new six-seat ski lift and two new ski runs to be built between them. Planning to open for the 2008-09 ski season, the new ski area will be one of the most modern facilities in Bulgaria. The two ski runs will be among the longest in the resort of Pamporovo reaching almost 5 kilometres or approximately 3 miles.
Jan 14, 2008
United States
Real Estate Investment Trusts May Be Ready to Bounce Back in 2008
Some market experts think the stocks of REITs (Real Estate Investement Trusts) may be primed to bounce back after an increasingly grim 2007. If history provides any indication of the future, these investment funds which often hold shares of commercial, residential and real estate management companies, may be ready to make a come back after 2007.
Jan 7, 2008
India
Knight Frank to Launch US$1 billion Fund in India
Through its private equity arm, Knight Frank, one of the largest UK firms of property agents, is launching a US$ 1 billion fund targeting the housing market in India. With more than 12 years of experience in India, this is the first time the company is committing its own money which it also hopes will attract outside investors.
Nov 26, 2007
India
Joint Venture between Property Fund Manager Cordea Savills and the Nichani Group launch real estate fund
International property fund manager Cordea Savills and the Nichani Group, an Indian family business, have launched a joint venture, Cordea Nichani, to provide investors with fund products giving access to the growth areas of India's economy. The joint venture's first product is Cordea Nichani Indian Opportunities No.1.
Nov 23, 2007
India
DLF Taps Private Equity Interest in South Asian Real Estate to Raise INR16.75 billion
One of India's largest real estate developers, DLF, raised INR16.75 billion (c.US$425 million) by selling stakes to private equity firms including one owned by Merrill Lynch & Co.
Nov 19, 2007
India
Third- largest US real estate investment trust wants to invest more in Indian developer Chatterjee Group
U.S. and European property companies are eager to tap Asia's economic growth after the collapse of the U.S. subprime mortgage market and tightened credit markets. Vornado Realty Trust, the third- largest real estate investment trust in the U.S., wants to invest more in Indian developer Chatterjee Group.
Nov 15, 2007
Italy
Italy Remains a Key Target Market for Encore+ Commercial Property Fund
Commercial property fund Encore+ announces its acquisition of three properties in Italy and France reaching a gross asset value of approximately EUR 663m. The acquisitions in Italy are part of the major logistics hubs to the south of Rome and Padova. The Paris property is an office building including tenants such as Roche Pharmaceuticals.
Nov 8, 2007
Germany
Deutsche Börse Launches Real Estate Investment Trust Segment
The Deutsche Bourse, Germany's largest stock exchange, has initiated a new segment for trading REITs. The stock exchange operator will now provide a visible listing platform for Real Estate Investment Trust companies which expects to bring increased attention and transparency for investors.
Nov 7, 2007
UAE
Private Equity Firms and Hedge Funds Seek Investments from Sovereign Funds
Sovereign funds from the Middle East and China are looking to diversify their investments and have found US private equity firms and hedge funds as a fast way to gain foreign partnerships. Apollo Management, founded by Leon Black, and Carlyle Group are only two of the private equity groups that have recently sold large share holdings to the Abu Dhabi Investment Authority.
Nov 7, 2007
Germany
Germany's Property Market Set to Outperform its Neighbours
Iain Keys of London & Capital's German real estate fund believes the German market will outperform most of Europe with sound fundamentals and fantastic growth potential.
Oct 29, 2007
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