Wednesday , April 24 2019

Real Estate

Bigger is better for Singapore REITs facing consolidation

Bloomberg Singapore’s real estate investment trust market is set to consolidate as smaller vehicles merge to cope with rising regulatory costs, according to Cambridge Industrial Trust. “The wave of consolidation for Singapore REITs is about to begin,” Philip Levinson, chief executive officer at Singapore-listed Cambridge Industrial, said. The trust has ...

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Canadian govt wades into foreign homebuyer debate with funding

Bloomberg Canada will allocate C$500,000 ($383,000) to the country’s data collection agency to develop ways to determine foreign ownership levels in the country’s hot housing markets. “Currently it is not possible to fully understand the role of foreign homebuyers in Canada’s housing market since a comprehensive and reliable data set ...

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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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