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Any funds where 25 percent of their value is made up of Irish real estate assets will be subject to a 20 percent withholding tax from next year,
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The UK’s 900 billion pound commercial property market is seeing some mixed results post-Brexit. Average commercial property values are down about 3.5 percent since the June 23 vote and YTD returns tracked by the IPD index are trending below zero. … Continue reading →
Skanska USA Commercial Development has started work on a $112 million, LEED Gold residential building which it calls “Resa”. The 12-story, 326-unit luxury building will have 10,000sf of amenity space and 7,000sf of street-level retail. The project is located at … Continue reading →
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Zimbabwe is considering the adoption of the South African Rand (ZAR) as its main transaction currency to replace the U.S. dollar in the country’s multi-currency system, according to Forbes. Zimbabwe has been primarily a U.S. dollar-based economy since 2008 when … Continue reading →
Henderson Global Investors has lowered the price of its UK property fund by five percent based on expectations that valuations in the UK commercial property market will face downward pressure following the Brexit decision, according to Financial Times. Standard Life … Continue reading →