Blackstone buys Frankfurt office towers for 350 mln euros

(Reuters) - U.S. buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros ($453 million) to bolster its real estate business, sources familiar with the matter said on Tuesday

China Home Price Drop Spreads as Housing Demand Weakens

China’s new-home prices fell in all but two cities monitored by the government last month as tight credit damped demand even as local home-purchase restrictions were eased.

First Home Buyers get pick of the crop – 90% of apartments available for under $750,000 at prestigious new North Shore development

A new property development in Waitara on Sydney’s Upper North Shore is set to deliver first homebuyers with unprecedented quality, choice and opportunity to get their foot on the property ladder.

Greenland Holding’s Zhang Yuliang and the Chinese property investment push

ZHANG Yuliang, the chairman of one of China’s biggest property development companies, isn’t shy about his ambition to leave a major mark on the Australian skyline.

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

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.

Locals Show Support for Majors Bay Development

Mortlake’s new Majors Bay Village is proving popular with the locals, as local business ownerswelcome the new customers and opportunities that the development will bring them.

Mirvac frontrunner for $350m Altis portfolio

The highly active Mirvac Group has emerged as the keenest contender for the bulk of the $350 million Altis Property Partners portfolio.

Property industry says Scotland No vote will bring renewed enthusiasm

Scotland’s property market is likely to see renewed enthusiasm and a rise in prices in sales after the historic referendum vote which saw independence rejected.

Viva Energy moves from suburbs to city with 720 Bourke Street lease

Viva Energy, formerly known as Shell Australia, is set to move from Hawthorn to the CBD after committing to one and a half floors at Cbus Property’s 720 Bourke Street in Docklands.


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