Highest new Property Supply for 18 Months as Previously Snow-Bound Sellers Return - Rightmove House Price Index March 2010LONDON, March 15, 2010 - The UK housing market saw a virtual price standstill in March Berlin Hyp: Financing of "Broadway One" in Glasgow for KanAmBERLIN, March 11, 2010 - The KanAm Grund Spezialfondsgesellschaft mbH has purchased the Research Shows Data Centres Remain a Corporate Priority, With 80% of Firms Planning ExpansionResearch commissioned by Digital Realty Trust shows that in 2010, companies will increase their data centre floor space and expand into new locations as the European economy stabilises Two New Developments, as Leasebacks Offer Enhanced Value Off Weak Euro, Reports Frenchleasebacks.co.ukLONDON, March 10, 2010 - The recent weakening of the euro against the US dollar has opened up new AEGON Asset Management's Clark to Become IFP Vice ChairmanLONDON, March 8, 2010 - AEGON Asset Management 's European head of property investment Phil Clark Hammerson - Full-Year Results Interview With CEOLONDON, February 22, 2010 - Real estate group Hammerson said it had posted "resilient" full-year ProLogis Intends to Increase Ownership Stake in ProLogis European PropertiesDENVER, February 16, 2010 - ProLogis (NYSE: PLD), a leading global provider of distribution Masterkey Partners With UAE Real Estate Portal Beeyoot.ComDUBAI, UAE, February 16, 2010 - Masterkey, the region's leading provider of web-based real estate The 2009 Primelocation.com Blog Awards: and the Winners areBack in December, Primelocation.com launched its very first Blog Awards, to celebrate the writing and recognise the talent of the very best property bloggers around. And so, without further ado, the winners of the Primelocation.com Property Blog Awards 2009 are… Goodman Confirms Developments for Staples and Kmart, Delivering Approximately 100,000 sqm of New Logistics SpaceSYDNEY, January 27 - Goodman Group (Goodman), the integrated property group which owns, International VELUX Award 2010 - Deadline for Registration ExtendedThe International VELUX Award Extends the Deadline for Registration Until 1 March 2010. MarketsandMarkets: European Smart Homes and Assisted Living - Advanced Technologies and Global Market Worth EUR152.2 MillionDALLAS, Texas, January 19 - According to a new market research report, 'European Smart Homes and Century's Lowest Stock Levels Provide a Spring Window for Sellers - Rightmove House Price Index January 2010LONDON, January 18 - Rightmove, the UK's number one property website, today releases its House Martin and Co Cambridge Pioneer New Lettings TechnologyCambridge-Based Letting Specialist Uses Innovative Mobile Phone Technology to Help Tenants Find the Perfect Property ARCADIS Strengthens Position in Healthcare Building ConsultancyAMSTERDAM, January 6 - ARCADIS (EURONEXT: ARCAD), the international design, consulting, Rightmove Forecasts - Location & Landlords the Winners in 2010LONDON, December 14 - The Rightmove House Price Index Interstate Hotels & Resorts Adds England to International Management PortfolioHarte Holdings Names Interstate to Manage Three Upscale Boutique Hotels in London 8 Reasons for Selling Your Real Estate OnlineDUBAI, UAE, December 5 - A business decision should come upon the heels of careful consideration Outstanding Recreational and Real Estate Investment Opportunities Await Those Searching for Summer Weather during the North Hemisphere's Cold Winter Months: Punta del Este and Edificio Acqua Foresee an Exceptional 2010 Summer SeasonPUNTA DEL ESTE, Uruguay, December 2 - Located on a peninsula at the southernmost tip of Uruguay, also known as 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. |