Sunday , August 19 2018

Real Estate

As London landlords wilt, South Africa’s REITs defy slowdown

Bloomberg South Africa is struggling to stave off recession after commodity prices fell, demand from China weakened and the worst drought in more than a century. Investors are still making more profit from that country’s property companies than from landlords in central London. Growthpoint Properties Ltd., South Africa’s largest real ...

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Egypt’s Heliopolis to build 500 villas in New Heliopolis city in 2016

Cairo / EMIRATES BUSINESS Egypt’s state-run Heliopolis Company for Housing and Development (HELI) aims to start developing the fourth neighborhood in New Heliopolis at the end of 2016 with investments, its Chairman and Managing Director Hani Al Dib said on Monday. New Heliopolis fourth neighborhood includes building 500 villas of ...

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Bahrain’s Investcorp acquires US properties worth $220mn

Doha / Emirates Business Investcorp, a leading provider and manager of alternative investment products, announced that its US-based real estate arm, through two separate transactions, has acquired five residential properties in the metropolitan areas of Boca Raton, Florida and Minneapolis, Minnesota for approximately $220mn. The acquisitions are consistent with Investcorp’s ...

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