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Showing posts from February, 2023

China's overseas property investment has increased by 600%.

  Over the last three years, Chinese companies have increased their overseas property investment by 600 percent as investors and developers sought capital stability and portfolio diversification outside of China.  real estate agent According to Savills China report, Chinese companies increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012. According to the company, the transition into international property markets started with individual buyers searching for residential properties and then progressed to institutional developers. "Chinese investors have now moved on to other markets where, although they still make up a small percentage of buyers, their numbers are increasingly growing," said James Macdonald, head of Savills Research in China, in the study. Investment levels have continued to rise so far this year, and the company expects volumes to rise by 20% each year over the next decade. According to Savills, Chinese natio...

David Martin of Terra Group discusses strategy in an interview.

  The Grove at Coconut Bay, designed by fast-rising architect Bjarke Ingels and built by Miami-based developer Terra Group, is one of Miami's newest signature residential projects. The organization focuses on South Florida, with ventures in Sunny Isles Beach, Coconut Grove, and Doral. Terra Group will begin construction on Glass, an ultra-high-end 18-story residential project in South Beach's South of Fifth neighborhood, next month.  qatar houses David Martin, co-founder of WPC News, spoke with WPC News about the company's growth and marketing plan, as well as current industry trends. Excerpts that have been edited:   What is currently driving the market? Local buyers account for 50 to 60% of our buyers in Coconut Grove. We attracted about 15 different nationalities with this [Grove at Grand Bay] project, in addition to locals. Our buyers in Miami Beach are mostly from the Northeast, including New York, Boston, and London. We saw a lot of [buyers] who were looking...

Asia Pacific is leading the world in terms of investment growth.

  Global direct commercial real estate investment rose 10% year over year in the second quarter, owing to a boom in activity in Asia.  for sale in qatar According to Jones Lang LaSalle, direct commercial real estate volumes in Asia Pacific increased 18 percent in the second quarter compared to the same time a year ago. Outbound investments from South Korea and China, on the other hand, have more than doubled in the first half of this year compared to 2012. "As investors seek to diversify their portfolios into prime global cities such as New York and London, we continue to see new capital emerging from Asia Pacific," Alistair Meadows, director, international capital group Asia Pacific, JLL, wrote in the paper. "Investors from China and South Korea have driven this growth in the past six months, especially in the residential and office sectors, and we expect emerging market institutional capital to be a major theme in commercial investment markets for several years to ...

Dubai is in the midst of yet another mega-project binge.

  Dubai is once again making grand announcements about mega-projects that will astound the world, just like a drunken sailor who can't stop telling tall tales.  buy and sell qatar It's 2006 all over again if you close your eyes. In the grand Dubai tradition, the projects are wild, fantastical, and totally out of proportion to reality. According to an article by Arabian Business journal, the emirate has revealed projects worth more than $130 billion in the last year alone. Even by Dubai standards, that's a huge amount. To put the announcement frenzy in perspective, the world's tallest structure, the Burj Khalifa, cost $1.6 billion to construct. Ecuador's GDP is $155.8 billion dollars. Mohammad Bin Rashid City will include the world's largest shopping mall (of course), more than 100 hotels, a Universal Studios theme park, and a public park larger than London's Hyde Park, among other initiatives. Bluewater Island, a $1.6 billion man-made island with the...

Hong Kong has the highest retail rents in the world.

  According to a new report, Hong Kong is the most expensive city for global retail rentals, as retailers seek to profit from the city's rising luxury market.  homes Hong Kong's retail rents topped CBRE's global rankings by a wide margin in the second quarter of 2013, reaching $4,328 per square foot per year. With 51 new luxury retailers opening stores in the last year, the city has the largest representation of luxury retailers in global markets. According to Joe Lin, executive director retail, Hong Kong, CBRE, "healthy tourist arrivals and a shortage of sufficient space make finding an adequate unit in Hong Kong's prime retail locations a big challenge for new and established retailers." "Demand for spaces with these characteristics continues to be solid, bolstering the market's high and rising prime rent levels," says the report. The average retail rent in New York was $3,050 per square foot, while the average retail rent in Paris was $1...

Asia Pacific is leading the world in terms of investment growth.

  Global direct commercial real estate investment rose 10% year over year in the second quarter, owing to a boom in activity in Asia.  properties According to Jones Lang LaSalle, direct commercial real estate volumes in Asia Pacific increased 18 percent in the second quarter compared to the same time a year ago. Outbound investments from South Korea and China, on the other hand, have more than doubled in the first half of this year compared to 2012. "As investors seek to diversify their portfolios into prime global cities such as New York and London, we continue to see new capital emerging from Asia Pacific," Alistair Meadows, director, international capital group Asia Pacific, JLL, wrote in the paper. "Investors from China and South Korea have driven this growth in the past six months, especially in the residential and office sectors, and we expect emerging market institutional capital to be a major theme in commercial investment markets for several years to come....

China's overseas property investment has increased by 600%.

  Over the last three years, Chinese companies have increased their overseas property investment by 600 percent as investors and developers sought capital stability and portfolio diversification outside of China.  property According to Savills China report, Chinese companies increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012. According to the company, the transition into international property markets started with individual buyers searching for residential properties and then progressed to institutional developers. "Chinese investors have now moved on to other markets where, although they still make up a small percentage of buyers, their numbers are increasingly growing," said James Macdonald, head of Savills Research in China, in the study. Investment levels have continued to rise so far this year, and the company expects volumes to rise by 20% each year over the next decade. According to Savills, Chinese nationals have...

David Martin of Terra Group discusses strategy in an interview.

  The Grove at Coconut Bay, designed by fast-rising architect Bjarke Ingels and built by Miami-based developer Terra Group, is one of Miami's newest signature residential projects. The organization focuses on South Florida, with ventures in Sunny Isles Beach, Coconut Grove, and Doral. Terra Group will begin construction on Glass, an ultra-high-end 18-story residential project in South Beach's South of Fifth neighborhood, next month.  for sale qatar David Martin, co-founder of WPC News, spoke with WPC News about the company's growth and marketing plan, as well as current industry trends. Excerpts that have been edited:   What is currently driving the market? Local buyers account for 50 to 60% of our buyers in Coconut Grove. We attracted about 15 different nationalities with this [Grove at Grand Bay] project, in addition to locals. Our buyers in Miami Beach are mostly from the Northeast, including New York, Boston, and London. We saw a lot of [buyers] who were looki...

Asia Pacific is leading the world in terms of investment growth.

  Global direct commercial real estate investment rose 10% year over year in the second quarter, owing to a boom in activity in Asia.  apartment for sale According to Jones Lang LaSalle, direct commercial real estate volumes in Asia Pacific increased 18 percent in the second quarter compared to the same time a year ago. Outbound investments from South Korea and China, on the other hand, have more than doubled in the first half of this year compared to 2012. "As investors seek to diversify their portfolios into prime global cities such as New York and London, we continue to see new capital emerging from Asia Pacific," Alistair Meadows, director, international capital group Asia Pacific, JLL, wrote in the paper. "Investors from China and South Korea have driven this growth in the past six months, especially in the residential and office sectors, and we expect emerging market institutional capital to be a major theme in commercial investment markets for several years to...

David Martin of Terra Group discusses strategy in an interview.

  The Grove at Coconut Bay, designed by fast-rising architect Bjarke Ingels and built by Miami-based developer Terra Group, is one of Miami's newest signature residential projects. The organization focuses on South Florida, with ventures in Sunny Isles Beach, Coconut Grove, and Doral. Terra Group will begin construction on Glass, an ultra-high-end 18-story residential project in South Beach's South of Fifth neighborhood, next month.  real estate companies in qatar David Martin, co-founder of WPC News, spoke with WPC News about the company's growth and marketing plan, as well as current industry trends. Excerpts that have been edited:   What is currently driving the market? Local buyers account for 50 to 60% of our buyers in Coconut Grove. We attracted about 15 different nationalities with this [Grove at Grand Bay] project, in addition to locals. Our buyers in Miami Beach are mostly from the Northeast, including New York, Boston, and London. We saw a lot of [buyers...

Industrial Investments in Europe are soaring.

  For the first half of this year, direct investment in European industrial and logistics property reached €6.0 billion, a 57 percent rise over last year and the largest investment level for a half since 2007.  doha property According to the most recent data from Jones Lang LaSalle, direct investment for the first six months was 54 percent higher than the five-year first-half average. In 2013, the company expects direct investment volumes in industrial and logistics property to surpass €10 billion, which would be the third-best full-year result ever. According to Tom Waite, director European capital markets at JLL, "we have seen sustained growth in investor demand for logistics and industrial investment opportunities thanks to good income returns over the last 18 months." "We're beginning to see this enthusiasm translate into increased transaction activity and investment volume." In the second quarter, investment volumes totaled €2.8 billion, up 17% from...

Expansion of the Panama Canal boosts the industrial and logistics markets.

  The $5.3 billion Panama Canal expansion, which will double the canal's capacity, is expected to be completed in 2015. As a result, speculative logistics production has increased as the country's private sector prepares for an expected increase in demand for logistics and warehouse space.  apartment In Panama City and Colon, there are currently five industrial/logistics parks (ILPs) and seven free trade zones (FTZs). According to a year-end study from Jones Lang LaSalle, three more ILPs will be completed in the next two years, adding more than 80,000 square meters of additional rooms. The extension of the canal would more than triple the TEU capacity by allowing ships nearly three times the size of the biggest ships that currently pass through the canal to pass through. According to the survey, speculative industrial stock is expected to rise by 40% in the next few years. The Corredor Sur submarket contains roughly 60% of high-quality industrial stock. In 2014-2015, t...

China's overseas property investment has increased by 600%.

  Over the last three years, Chinese companies have increased their overseas property investment by 600 percent as investors and developers sought capital stability and portfolio diversification outside of China.  doha sale According to Savills China report, Chinese companies increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012. According to the company, the transition into international property markets started with individual buyers searching for residential properties and then progressed to institutional developers. "Chinese investors have now moved on to other markets where, although they still make up a small percentage of buyers, their numbers are increasingly growing," said James Macdonald, head of Savills Research in China, in the study. Investment levels have continued to rise so far this year, and the company expects volumes to rise by 20% each year over the next decade. According to Savills, Chinese nationals hav...

Dubai is in the midst of yet another mega-project binge.

  Dubai is once again making grand announcements about mega-projects that will astound the world, just like a drunken sailor who can't stop telling tall tales.  villa qatar It's 2006 all over again if you close your eyes. In the grand Dubai tradition, the projects are wild, fantastical, and totally out of proportion to reality. According to an article by Arabian Business journal, the emirate has revealed projects worth more than $130 billion in the last year alone. Even by Dubai standards, that's a huge amount. To put the announcement frenzy in perspective, the world's tallest structure, the Burj Khalifa, cost $1.6 billion to construct. Ecuador's GDP is $155.8 billion dollars. Mohammad Bin Rashid City will include the world's largest shopping mall (of course), more than 100 hotels, a Universal Studios theme park, and a public park larger than London's Hyde Park, among other initiatives. Bluewater Island, a $1.6 billion man-made island with the world...

David Martin of Terra Group discusses strategy in an interview.

  The Grove at Coconut Bay, designed by fast-rising architect Bjarke Ingels and built by Miami-based developer Terra Group, is one of Miami's newest signature residential projects. The organization focuses on South Florida, with ventures in Sunny Isles Beach, Coconut Grove, and Doral. Terra Group will begin construction on Glass, an ultra-high-end 18-story residential project in South Beach's South of Fifth neighborhood, next month.  buying a house in qatar David Martin, co-founder of WPC News, spoke with WPC News about the company's growth and marketing plan, as well as current industry trends. Excerpts that have been edited:   What is currently driving the market? Local buyers account for 50 to 60% of our buyers in Coconut Grove. We attracted about 15 different nationalities with this [Grove at Grand Bay] project, in addition to locals. Our buyers in Miami Beach are mostly from the Northeast, including New York, Boston, and London. We saw a lot of [buyers] who w...

China's overseas property investment has increased by 600%.

  Over the last three years, Chinese companies have increased their overseas property investment by 600 percent as investors and developers sought capital stability and portfolio diversification outside of China.  real estate agents in qatar According to Savills China report, Chinese companies increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012. According to the company, the transition into international property markets started with individual buyers searching for residential properties and then progressed to institutional developers. "Chinese investors have now moved on to other markets where, although they still make up a small percentage of buyers, their numbers are increasingly growing," said James Macdonald, head of Savills Research in China, in the study. Investment levels have continued to rise so far this year, and the company expects volumes to rise by 20% each year over the next decade. According to Savills, Chi...

India has made it illegal to buy property in other countries.

  India has made it illegal for its citizens to send money out of the country to buy property elsewhere, a development that could have a global impact on real estate markets. The Reserve Bank of India (RBI), the country's central bank, revealed regulations this month that bar many Indian citizens from investing in overseas property as part of a wave of steps aimed at reducing foreign exchange outflows . properties in qatar In recent weeks, the Indian rupee has plummeted to new lows against the dollar, prompting the government to take a series of measures to shore up the currency. The Reserve Bank of India (RBI) announced on August 14 that it was reducing the sum that Indian residents could send abroad from $200,000 to $75,000 per year, and that this money could not be used for "acquisition of immovable property, directly or indirectly, outside India." "Many Indians chose to diversify and increase their exposure to international real estate to ensure steady rent...

David Martin of Terra Group discusses strategy in an interview.

  The Grove at Coconut Bay, designed by fast-rising architect Bjarke Ingels and built by Miami-based developer Terra Group, is one of Miami's newest signature residential projects. The organization focuses on South Florida, with ventures in Sunny Isles Beach, Coconut Grove, and Doral. Terra Group will begin construction on Glass, an ultra-high-end 18-story residential project in South Beach's South of Fifth neighborhood, next month.  property qatar David Martin, co-founder of WPC News, spoke with WPC News about the company's growth and marketing plan, as well as current industry trends. Excerpts that have been edited:   What is currently driving the market? Local buyers account for 50 to 60% of our buyers in Coconut Grove. We attracted about 15 different nationalities with this [Grove at Grand Bay] project, in addition to locals. Our buyers in Miami Beach are mostly from the Northeast, including New York, Boston, and London. We saw a lot of [buyers] who were looki...

China's overseas property investment has increased by 600%.

  Over the last three years, Chinese companies have increased their overseas property investment by 600 percent as investors and developers sought capital stability and portfolio diversification outside of China.  properties According to Savills China report, Chinese companies increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012. According to the company, the transition into international property markets started with individual buyers searching for residential properties and then progressed to institutional developers. "Chinese investors have now moved on to other markets where, although they still make up a small percentage of buyers, their numbers are increasingly growing," said James Macdonald, head of Savills Research in China, in the study. Investment levels have continued to rise so far this year, and the company expects volumes to rise by 20% each year over the next decade. According to Savills, Chinese nationals ha...