Borak Capital Holding S.A.E. Engages BGR Capital & Trade, LLC As Exclusive Financial AdvisorNEW YORK, November 18 - Borak Capital Holding S.A.E. ("Borak") announced today the signing of an British Land CEO Interviewed on Half-Year ResultsLONDON, November 17 - UK property group British Land reported interim profits down on last year /C O R R E C T I O N — British Land Company/LONDON, November 17 - In the news release, "British Land CEO Interviewed on Half-Year Results" Aldar Announces Completion of Ferrari World Abu Dhabi External StructureABU DHABI, UAE - - Major Milestone in Development of World’s Largest Indoor Theme Park Covering 200,000 m2 DLF Announces Q2 FY10 ResultsNEW DELHI - - Revenue at Rs 1,810 cr, Net Profit at Rs 440 cr Editor’s Synopsis: Financial Highlights - Q2 FY10 (all comparisons with Q1 FY10) - Consolidated Revenue at Rs 1,810 crore, up by 4% from Rs 1,746 crore - EBIDTA at Rs 973 crore, up by 16% from Rs 840 crore; Margins improved to 53% from 47% - Consolidated PAT at Rs 440 crore, up by 11% from Rs 396 crore - EPS for the quarter at Rs 2.59 Q2 FY10 (all comparisons with Q2 FY09) - Consolidated Revenue at Rs 1,810 crore, down by 53% from Rs 3,840 crore - EBIDTA at Rs 973 crore, down by 58% from Rs 2,313 crore - Consolidated PAT at Rs 440 crore, down by 77% from Rs 1,935 crore Balance Sheet - Focus on de-leveraging: Sale of non-core assets and land parcels progressing as planned; Realised approx Rs 550 crore in Q2; cumulative realisation in current fiscal is Rs 1,064 crore - Net gearing at around 0.54 Highlights - Q2 FY10 Industry - Real estate segment continued witnessing recovery in demand - Sustained demand in suburban and city centric residential segment - Signs of revival in luxury housing segment - Leasing enquiries have picked up; optimistic on lease conversions in coming quarters Business - Total developable area at 432 msf (Million Square Feet) - 49 msf of projects area under construction at the end of the quarter - Commenced construction on approx. 6.5 msf comprising homes and commercial complexes during the quarter - Launched DLF Capital Greens (Phase II), New Delhi - met with stupendous response; booked over 1,200 units offered (approx. 2msf) in two hours - Booked 2.74 msf of homes during the quarter - Booked 0.35 msf of luxury homes (Magnolias) in Gurgaon during the quarter - Gradual interest in commercial office leasing; number of enquiries steadily improving - Won bid for 350 acre land parcel in Gurgaon Outlook - For better integration and strengthening execution, DLF is buying out Laing O’ Rourke’s stake in DLF- LOR JV - Continue to offer value products across product spectrum pan-India, remain focused on delivery - Continue to remain focused on sale of non-core assets; actions are progressing well Two Trees Unveils US$25 Million Triplex ClockTower in DUMBO, BrooklynNEW YORK - - Modern Penthouse With World’s Best Views Debuts as Most Coveted Residence in New York City Standardization: the Future Competitive Goal for Chinese Real Estate DevelopersBEIJING - Driven by the favorable policies put in place by the Chinese government, real estate developers’ accelerated de-inventories and continued strong demand, China’s real estate market has seen continuous improvement in terms of transaction volume so far this year. According to the “Sales Rankings of Chinese Real Estate Companies for the First Three Quarters of 2009″ report released recently by CRIC (China) Information Technology Co., Ltd., in cooperation with China Real Estate Appraisal, Evergrande Real Estate Group was a strong performer for the quarter among all the residential projects across 70 Chinese major cities. The privately held company not only took the lead in terms of sales results for the third quarter, but also becomes the largest landholder in the Chinese property market with land reserves of 51 million square meters. Sina Leju was the first media source to announce the release of this report, part of which is as follows. Financial Crisis Tests Chinese Real Estate Companies’ Ability to Deal with RisksBEIJING - Evergrande Real Estate Group tops the “Sales Rankings of Chinese Real Estate Companies for Q3 2009″, in terms of floor space sold for the first three quarters of 2009, area of projects under construction, land reserves, as well as floor space sold and sales revenue for the third quarter. Sina Leju was the first media source to announce the release of this report. Cushman & Wakefield Appoints Bruce Mosler Co-Chairman of the BoardNEW YORK - Cushman & Wakefield today announced that Bruce Mosler, 51, the company’s President & Chief Executive Officer since January 2005, has been appointed Co-Chairman of the Board at the firm, alongside John C. Cushman III. Martin & Co Continues to Buck the Trend!LONDON - 2009 has been a difficult year for many businesses, but not for Martin & Co, the UK-wide lettings franchise. Existing office revenue is up 30% over 2008, and the brand is opening offices in record numbers. Martin & Co are well on track to have 200 offices open by 2010. Newly Established Continuum Capital Seeks to Invest in German Ground Rent PropertiesFRANKFURT - Continuum Capital, which was set-up in Frankfurt/Main in 2009, is focussing on investments in German ground rent properties and intends to further establish this particularly attractive asset class with long-term institutional investors. Cash-flows from ground rents are characterized by their first-ranking title over the property and full inflation protection of up to 198 years. Video: Empire State ReBuilding Transforms World’s Most Famous Office BuildingNEW YORK - - US$550 million capital improvements program contemporizes an international icon. Online Auction of Southern Florida Development Land Attracts National and International AttentionNEWPORT BEACH, California - - Online auction at LFC.com piques the interest of international real estate investors. ProLogis Closes Two Financings for ProLogis European Properties Fund IIDENVER - - Proceeds Used to Pay Down Warehouse Line - ProLogis (NYSE: PLD), a leading global provider of distribution facilities, announced today it has completed two financings, for a total of approximately euro 133 million, on behalf of ProLogis European Properties Fund II (PEPF II). Proceeds from the financings were used to pay down PEPF II’s warehouse line of credit. 10 Years of the Estrel Convention CenterBERLIN - - In September, Europe’s Biggest Convention, Entertainment and Hotel Complex Celebrates the 10th Birthday of its Convention Centre HBFinvestors.com High Yielding Discount Properties Attract Savvy InvestorsBIRKENHEAD, England - Forget doom and gloom - savvy property investors are making the most of the current economic situation and investing in discounted bricks and mortar. Orrick Signs Lease for New London OfficeLONDON - International law firm Orrick, Herrington & Sutcliffe LLP has signed a lease to move its London headquarters to the new Menolly development at 107 Cheapside. The lease is for 44,500 sq ft of space at the new 185,000 sq ft development. Orrick has also taken an option over a further 20,000 sq ft and plans to occupy the new office by the end of 2009. Shikun & Binui to Distribute NIS 100 Million Dividend; Convening General Meeting to Approve DistributionRAMAT GAN, Israel - Shikun & Binui Ltd. (TASE: SKBN.TA) (”Shikun & Binui” or the “Company”), a member of the Arison Group and Israel’s leading infrastructure and real estate company, has announced that on July 27, 2009 the Company’s Board of Directors resolved to recommend the distribution of a cash dividend to the amount of NIS 100 million (”Dividend”). This represents NIS 0.249 dividend per share of NIS 1 par value, based on the Company’s outstanding share capital on the date of the Board of Directors’ decision. Acqua Building Gives Room for a Safe InvestmentPUNTA DEL ESTE, Uruguay - Punta del Este is the beating heart of Uruguay, renowned for being the most exclusive beach-resort in Latin America and a meeting place for international jetsetters. Punta also holds the distinction of being the country’s most attractive place for real estate investment. With an unprecedented residential offering that exceeds the highest living standards, the recently completed 34-unit Acqua Building has strengthened this rising market and taken it to a higher level. Leading Developer Selects Energy-Efficient Otis Products for Projects Across ChinaFARMINGTON, Connecticut - Otis Elevator Company’s joint venture Xizi Otis has secured a new contract from Longfor Properties, a leading real estate developer in China. Xizi Otis will deliver and install 442 elevators and 10 escalators for residential and commercial projects in four cities. The order, which includes energy-saving Gen2(R) elevators with ReGen(TM) drives, is the second awarded by Longfor Properties to Xizi Otis, the largest of Otis’ 10 joint ventures in China. Otis is a unit of United Technologies Corporation (NYSE: UTX). Colliers Arranges Central & Eastern Europe’s Largest Real Estate Transaction of 2009WARSAW, Poland - - Sells Office Building in Warsaw, Poland for euro 117 Million Colliers International has arranged Central & Eastern Europe’s largest commercial real estate transaction to-date in 2009 — the sale of the Deloitte House for euro 117 million. The newly constructed, 21,000-square-meter, Class A office building — located in the central business district of Warsaw, Poland — is also the city’s first certified green building. The property officially opened this month. Capgemini Signs Turn-Key Datacentre(SM) Lease Agreement With Digital Realty TrustDUBLIN and PARIS - Digital Realty Trust, Inc. (NYSE: DLR), the world’s largest wholesale datacentre provider, has completed a Turn-Key Datacentre(SM) lease agreement with Capgemini (www.capgemini.com), one of the world’s foremost providers of consulting, technology and outsourcing services. Under this agreement, Capgemini will establish a new datacentre in a Digital Realty Trust property in France during the summer to support the growth of its datacentre infrastructure. Garbe Group and CB Equity Partners Announce Creation of a New Real Estate Investment FundLONDON - Garbe Group, an international real estate company with head offices in Hamburg, and CB Equity Partners, a corporate finance firm with offices in London, Hamburg and Munich, announce today the creation of a new real estate investment fund. Lack of Supply Causes London Property Prices to StabiliseLONDON - Asking prices in London registered a modest increase of 0.27% in May, according to Primelocation.coms monthly house price index. Report Reveals 81% Non-Compliance With Energy Regulations in UK Commercial Property MarketMILTON KEYNES, England - Even the greenest of businesses are unlikely to be able to make informed choices about the energy efficiency of the premises they buy or rent right now, according to new research published today by National Energy Services (NES). Land Securities - CEO and FD Interviewed on Preliminary ResultsLONDON - Land Securities, the UK commercial property group, today announced prelminary results for the year ended 31 March 2009. Digital Realty Trust Completes New Lease Agreement With IBMPARIS and LONDON - Digital Realty Trust Completes Second Turn-Key Datacentre(SM) Lease Agreement with IBM in Paris PLD International Finance LLC Announces Cash Tender Offer to Holders of Its Existing EUR350,000,000 4.375 per cent Notes Due in April 2011 and Guaranteed by ProLogis (the ‘Notes’)LUXEMBOURG - IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT |
