CBRE expects the Russian commercial real estate investment market to grow to $4.5 billion in 2012, according to SA Commercial Prop News. In 2011, CRE investment transactions totaled $6.4 billion. Over 3.4 million square feet of industrial space was delivered … Continue reading →
Close to 2.8 million square feet of retail space was delivered in Poland during the first half of 2012, according to PropertyEU. The 19 new projects include 10 new shopping centers, four extensions, three stand-alone retail warehouses and two retail … Continue reading →
A report from the Bank of Korea states that the delinquency rate on commercial property-backed loans in Korea has risen to 1.44 percent – the highest level in three years, according For those individuals who do not want to venture … Continue reading →
Bulgarian real estate developer MRP International is leading a consortium that plans to develop Rio Towers – six fifty-story waterfront office buildings in Rio’s central port district, according to The Wall Street Journal. The project will add 3.47 million square … Continue reading →
London was the top city for overseas commercial real estate buyers in the second quarter of this year, according to Bloomberg. Foreign CRE investment rose 32 percent to $8.67 billion for April through June 2012. Paris came in second with … Continue reading →
Asian shopping mall developer CapitalMalls Asia Ltd. has set up CapitaMalls China Development Fund III – a $1 billion private-equity fund that will invest in Chinese retail properties, according to
Continue reading →Commerzbank, Germany’s second largest lender will transfer its commercial real estate and ship financing business to a restructuring unit aimed at winding down non-core assets, according to The Wall Street Journal. The two portfolios constitute a total volume of $215 … Continue reading →
Miami-based Burger King will open 1,000 restaurants in China over the next five to seven years, according to The Miami Herald. The expansion is a joint venture with the Kurdoglu family, which runs 450 Burger King restaurants in Turkey and … Continue reading →
The Investment Property Databank’s Global Annual Property Index ranks Calgary’s commercial real estate market as having the highest total return on investment (21.6 Percent) in 2011 among the 60 cities surveyed, according to the Calgary Herald. The report attributes Calgary’s … Continue reading →
The New York Times reports that Chinese tycoon Wang Jianlin’s will pay $2.6 billion to acquire AMC Entertainment – North America’s second largest movie theater company. AMC will be integrated into Mr. Wang’s Wanda Group – a made in China … Continue reading →