THE LEADING COMMUNICATION PORTAL FOR INTERNATIONAL PROPERTY INVESTMENT NEWS

Australand’s Valley Park is officially launched

Developed in a partnership between Australand and the Victorian Government, construction is already underway on the approximately 320-lot community with parklands and community facilities, and the first residents will move in from September this year.

FAIRMONT HOTELS & RESORTS EXPANDING CHINA PORTFOLIO INTO HENAN PROVINCE

Fairmont Hotels & Resorts, a luxury brand in the FRHI Hotels & Resorts (FRHI) portfolio, has signed an agreement with Henan Donggang Real Estate Co. Ltd for the development of Fairmont Zhengzhou in the capital of Henan Province in central China.

Goodman signs China deal

PROPERTY fund giant Goodman Group has inked two new lease deals with French sports apparel and equipment retailer Decathlon at its CityLink development in China, as analysts raised questions about its international expansion.

GPT launches $376 million Metro Office Fund

GPT will tap investors for $255 million in an equity raising to finance a new national Metro Office Fund.

Growth in land prices slows in China as Bangkok, Jakarta and Phnom Penh power on

Growth of prime land prices in China have slowed but other parts of Asia such as Bangkok, Jakarta and Phnom Penh are powering ahead, according to the latest index.

Lantern Hotel Group acquires Waterworks Hotel for $8.25m

Lantern Hotel Group has expanded its portfolio with the acquisition of the Waterworks Hotel at Botany for $8.25 million.

Prices surge as Gabba site comes in to bat

BRISBANE’S surging residential property market has drawn in more developers with a 1.5ha site that can accommodate six apartment towers near The Gabba selling for $36 million.

Prince William's Real Estate Revival in the English Countryside

The news that the Duke and Duchess of Cambridge intend to make Norfolk their home has brought some badly needed glamour to this remote county at the eastern tip of England.

Seeding a new building

"Challenging" is the way H2o architects director Mark O'Dwyer described his latest project: how to protect Horsham's new world-class genetic seed bank, which requires specimens to be stored at minus 20 degrees, from the scorching Wimmera sun?

Companies

Asia Pacific

Billionaires including Li Ka-shing and Robert Ng have cut debt at their Hong Kong developers to near-record lows as they prepare to buy land as prices fall, a signal the city’s real estate gains may be coming to an end.

> Hong Kong Developers Raise Cash to Buy Land: Real Estate

Europe

Britain's 20 priciest addresses are, unsuprisingly, all in London, with homes worth an average of £42.7 million in the UK's most expensive street, Kensington Palace Gardens.

> Where are Britain's most expensive houses?

North/South America

Blackstone Group LP (BX:US), the world’s biggest manager of alternative assets, is raising money for its next leveraged-buyout fund with a target of $16 billion, according to a person with knowledge of the matter.

> Blackstone Said to Market LBO Fund With $16 Billion Goal

Middle East

International real estate agent Chestertons has announced that it would be launching its latest luxury development in an upcoming property exhibition in the United Arab Emirates.

> Chestertons set to debut London-based luxury project in Dubai

Property Funds and Finance

Asia Pacific

At London's Royal Albert Dock, a Former Appliance Salesman Envisions Office Towers Rising From Cracked Asphalt

> Chinese Property Investors Make Big Bets Overseas

Europe

At London's Royal Albert Dock, a Former Appliance Salesman Envisions Office Towers Rising From Cracked Asphalt

> Chinese Property Investors Make Big Bets Overseas

North/South America

Blackstone Group LP (BX:US), the world’s biggest manager of alternative assets, is raising money for its next leveraged-buyout fund with a target of $16 billion, according to a person with knowledge of the matter.

> Blackstone Said to Market LBO Fund With $16 Billion Goal

Middle East

Although Almaty is no longer the capital of Kazakhstan, it remains a key financial and cultural centre in the country.

> Almaty hotel market stable

Residential

Asia Pacific

New home lending activity in Australia remained healthy at the start of the new financial year, according to the latest data from the Australian Bureau of Statistics.

> New home lending remains steady in Australia

Europe

Britain's 20 priciest addresses are, unsuprisingly, all in London, with homes worth an average of £42.7 million in the UK's most expensive street, Kensington Palace Gardens.

> Where are Britain's most expensive houses?

North/South America

Construction of new homes in August dropped below their pumped-up July levels, but continued to trend upwards year-over-year, data released Thursday by the U.S. Commerce Department shows.

> August Housing Starts Drop 14.4% After Dramatic Surge In July

Middle East

Dubai Marina continues to be the most popular location in the emirate for buyers and tenants, but Dubai Sports City is fast growing in popularity, according to the latest data report.

> Dubai Marina proving popular with buyers and renters

Commercial

Asia Pacific

Resorts World Bayshore, a joint project of billionaire Andrew Tan’s Alliance Global Group Inc (AGI) and Malaysian-owned Genting Hong Kong Ltd, announced that it would formally open in 2018, after a two-year delay.

> Andrew Tan’s firm announces 2018 opening of Manila Bay casino resort

Europe

The European commercial real estate investment market continued its strong performance in H1 2014, with France and Germany the main drivers of growth and the Netherlands, Sweden and Spain making significant contributions

> France and Germany drive growth in European real estate investment market

North/South America

Blackstone Group LP (BX:US), the world’s biggest manager of alternative assets, is raising money for its next leveraged-buyout fund with a target of $16 billion, according to a person with knowledge of the matter.

> Blackstone Said to Market LBO Fund With $16 Billion Goal

Middle East

Although Almaty is no longer the capital of Kazakhstan, it remains a key financial and cultural centre in the country.

> Almaty hotel market stable

Retail

Asia Pacific

What makes a town centre tick? A clock, among other things, says architect and community advocate Dean Landy.

> Clock ticks down for new town St Germain

Europe

Syntrus Achmea Real Estate & Finance, the property arm of the Dutch asset manager and pension administrator, has acquired on behalf of a client the shares in Grosvenor Retail European Properties III

> Syntrus Achmea acquires prime high street retail property portfolio

North/South America

Washington Prime Group Acquires Glimcher Realty

> Mall Empire Expands With $4.3 Billion Deal

Middle East

International real estate agent Chestertons has announced that it would be launching its latest luxury development in an upcoming property exhibition in the United Arab Emirates.

> Chestertons set to debut London-based luxury project in Dubai

Industrial

Asia Pacific

As some Asian markets experience temporary slump in their domestic property sectors, several offshore investors from the region continue to splurge on real estate purchases around the globe.

> Asian investors splash out on international property acquisitions

Europe

Amazon has laid the cornerstone in Dobrovíz, near Prague, and officially commences construction of a new 95,000 square metre fulfilment centre to be developed by Panattoni Europe.

> Amazon lays cornerstone for fulfilment centre in Dobrovíz

North/South America

When furniture designer Kristen Wentrcek moved her business into a shuttered Pfizer plant in Brooklyn, N.Y., she changed the light bulbs herself and used power tools to rip out a bank of metal pill cabinets.

> Redeveloping New York Factories Into Small Business Hubs

Middle East

The real estate sector in Dubai is expected to emerge as one of the principal beneficiaries of the development of Al Maktoum International Airport, according to property firm Cluttons.

> Aviation growth in Dubai set to boost real estate sectors, it is claimed

Infrastructure, Hotels & Mixed Business

Asia Pacific

Hong Kong plans to spend at least HK$110 billion ($14.2 billion) to build seven railways connecting outlying districts where most of the city’s population growth is projected.

> Hong Kong to Spend $14.2 Billion on Seven New Rail Routes

Europe

Brookgate, the mixed-use development company, is pushing forward with its plans in Chesterton in partnership with Network Rail, DB Schenker Rail, Cambridge County Council, Cambridge City Council and South Cambridgeshire District Council.

> Brookgate moves forward with its plans at Cambridge Park

North/South America

A USD1 billion budget is being prepared by Chinese firm Yida International to build the first mega-resort in Antigua & Barbuda.

> Chinese investors to make a splash in East Caribbean mega-resort

Middle East

Starwood Hotels & Resorts Worldwide announced that it will debut the St. Regis brand in Kazakhstan’s lively capital city with the opening of The St. Regis Astana and The Residences at The St. Regis Astana

> The St. Regis Astana and The Residences at The St. Regis Astana to Open in 2017

Lifestyle

Asia Pacific

Resorts World Bayshore, a joint project of billionaire Andrew Tan’s Alliance Global Group Inc (AGI) and Malaysian-owned Genting Hong Kong Ltd, announced that it would formally open in 2018, after a two-year delay.

> Andrew Tan’s firm announces 2018 opening of Manila Bay casino resort

Europe

In moving to Norfolk, Prince William and Duchess of Cambridge, Kate, may add some glamour to a sleepy county in the English countryside.

> Prince William's Real Estate Revival in the English Countryside

North/South America

If you are still having Sex & The City fantasies nearly a decade after the show went off air, here’s a perfect new NYC pad for you.

> Daily Dream Home: Sarah Jessica Parker’s $22 Million NYC Mansion

Middle East

The Dubai International Motor Show 2013 has marked the world premiere of the Bugatti Legend “Meo Costantini”. This is the third model in the six-part edition “Les Légendes de Bugatti”, and is dedicated to Meo Costantini, a close friend of company founder Ettore Bugatti and two-time winner of the Targa Florio.

> Bugatti Legend “Meo Costantini” Unveiled at Dubai International Motor Show