Posts

Showing posts from March, 2023

$90,000,000 In Sydney, the Collins on Bourke project takes off.

  AUSTRALIA (Alexandria) — Collins on Bourke, Alexandria's largest mixed-commercial high-tech development in the last five years, is complete, and the first tenants are moving in to this burgeoning south Sydney neighborhood.  qatar villa The $90 million, three-level development, which includes a mix of high-clearance showrooms, warehouse spaces with loft suites, and hi-tech creative offices, is now 45 percent leased. Moving into Collins on Bourke is the next step in Alexandria's evolution from an industrial suburb to one of the city's most lively and eclectic new business neighborhoods. The completion of Collins on Bourke coincides with the announcement that Green Square Town Centre is going forward. Around 1,600 residential units, 12,000 square meters of retail space, and up to 48,000 square meters of A-Grade commercial space will be included in the $1.7 billion mixed-use community. The state-of-the-art development was created by HSF Property Developments and Grant...

Melbourne continues to lag behind the rest of Australia's property markets.

  According to a new study from the Australian Property Institute, the commercial, industrial, and residential real estate markets in most Australian major cities will not begin to recover until 2014. Melbourne, in particular, is also waiting for home prices to plummet. According to the Institute's survey, Australian Property Directions, listings at brokerages and auction houses are down as prospective sellers wait for a price recovery before putting their homes on the market.  apartment for sale in pearl qatar According to The Telegraph, Justine Jacono, president of the Australian Property Institute, residential price declines are projected to be replicated in the commercial and industrial sectors. Sydney's Com.AU "Melbourne hasn't hit the bottom of the cycle yet," Jacono explained. "...respondents see residential property going further along the upswing in two years, with Melbourne lagging behind Sydney and Brisbane," says the study. Accordin...

China and Mexico are leading the way in global retail construction.

According to a new study from CBRE Group, Inc., developers opened more retail centers across the world in 2016 than in 2015, but momentum slowed in several countries as retailers sought to strike the right balance between brick and mortar and e-commerce operations.  villa "In the omnichannel age, retailers are concentrating on ensuring that they have the optimum balance of brick-and-mortar stores and e-commerce operations," said Anthony Buono, Chairman of CBRE's Global Retail Executive Committee. "They are using advanced analytics and industry knowledge to select the best store sites rather than the most store sites." "At the same time, a reduction in construction volumes would almost certainly favor retail-center owners by supporting rental prices." According to CBRE's annual report of global retail growth, builders completed 134.5 million square feet (12.5 million square meters) of shopping centers last year, an increase of 11.4 percent over 2015...

In a 4x4, a Patagonia driving adventure.

The Patagonia area, which lies at the  southernmost point of Chile and Argentina, is truly one of the last frontiers, inhabited primarily by small tribal groups, hardy fishing villages, and an amazing diversity of wildlife and natural wonders that will literally take your breath away.  qatar properties for sale The majority of visitors to Patagonia remain on either the Chilean or Argentine sides. But now there's a way to see both...in an unlikely combination of pure adventure and pure luxury. On an eight-day tour of this wild area, Quasar Expeditions, a well-known Ecuadorean travel company, is teaming up with the iconic Jeep brand. Because of the 4x4 you'll be driving, you'll be able to see natural wonders like Torres del Paine National Park, Los Glaciares National Park, and the mighty Perito Moreno Glacier. And you'll soon discover that "adventure" and "luxury" are not mutually exclusive in the hotels where you'll be staying. Your journey will b...

Property sales in Argentina are on the decline.

As the industry grappled with new currency controls, property sales in Argentina fell 44.7 percent in June compared to the same time a year earlier.  buy property in qatar for expats According to the Buenos Aires Association of Notaries Public, sales of 2,632 homes totaled $1.5 billion in June, down 37.2 percent from the same month last year. The new Cedin scheme, a currency exchange instrument produced by the government to restart property sales, may not be reflected in the June results. Argentina's President Cristina Fernandez de Kirchner released legislation prohibiting the use of dollars to purchase real estate in 2011, causing sales to plummet. In May, the government responded by issuing Cedin certificates in exchange for Argentinians' undeclared dollars in the region. Cedin can then be used to buy real estate. According to Jose Rozados, director of consultancy Reporte Inmobiliario, "some owners who were willing to negotiate prices in recent weeks agreed to postpone t...

In Mallorca, the Jumeirah Group opens the first European resort.

  (Spain, Mallorca) — The global luxury hospitality business Jumeirah Group, which is a subsidiary of Dubai Holding, recently celebrated the opening of its first European resort. Jumeirah Port Soller Hotel & Spa, located on the bay of Sóller in Mallorca, Spain, is the newest addition to Jumeirah's luxury spa hotel portfolio. The five-star resort is perfect for travelers who want to learn about local traditions, interact with the destination, and enjoy internationally recognized service.  buying property in qatar for expats Puerto de Sóller is a small fishing village in the northwest corner of the island of Mallorca, known for its bay, port, and location. It's a place known for having one of the island's most captivating sights, the Orange Valley in the Sierra de Tramuntana, which is a UNESCO World Heritage Site. The Jumeirah Port Soller Hotel & Spa, which spans 18,000 square meters and overlooks the beautiful bay of Sóller, features 120 rooms and suites, two r...

In a 4x4, a Patagonia driving adventure.

The Patagonia area, which lies at the  southernmost point of Chile and Argentina, is truly one of the last frontiers, inhabited primarily by small tribal groups, hardy fishing villages, and an amazing diversity of wildlife and natural wonders that will literally take your breath away.  houses The majority of visitors to Patagonia remain on either the Chilean or Argentine sides. But now there's a way to see both...in an unlikely combination of pure adventure and pure luxury. On an eight-day tour of this wild area, Quasar Expeditions, a well-known Ecuadorean travel company, is teaming up with the iconic Jeep brand. Because of the 4x4 you'll be driving, you'll be able to see natural wonders like Torres del Paine National Park, Los Glaciares National Park, and the mighty Perito Moreno Glacier. And you'll soon discover that "adventure" and "luxury" are not mutually exclusive in the hotels where you'll be staying. Your journey will begin in Puerto Nata...

Property sales in Argentina are on the decline.

As the industry grappled with new currency controls, property sales in Argentina fell 44.7 percent in June compared to the same time a year earlier.  qatar property finder According to the Buenos Aires Association of Notaries Public, sales of 2,632 homes totaled $1.5 billion in June, down 37.2 percent from the same month last year. The new Cedin scheme, a currency exchange instrument produced by the government to restart property sales, may not be reflected in the June results. Argentina's President Cristina Fernandez de Kirchner released legislation prohibiting the use of dollars to purchase real estate in 2011, causing sales to plummet. In May, the government responded by issuing Cedin certificates in exchange for Argentinians' undeclared dollars in the region. Cedin can then be used to buy real estate. According to Jose Rozados, director of consultancy Reporte Inmobiliario, "some owners who were willing to negotiate prices in recent weeks agreed to postpone the deal, ho...

In Mallorca, the Jumeirah Group opens the first European resort.

  (Spain, Mallorca) — The global luxury hospitality business Jumeirah Group, which is a subsidiary of Dubai Holding, recently celebrated the opening of its first European resort. Jumeirah Port Soller Hotel & Spa, located on the bay of Sóller in Mallorca, Spain, is the newest addition to Jumeirah's luxury spa hotel portfolio. The five-star resort is perfect for travelers who want to learn about local traditions, interact with the destination, and enjoy internationally recognized service.  qatar properties Puerto de Sóller is a small fishing village in the northwest corner of the island of Mallorca, known for its bay, port, and location. It's a place known for having one of the island's most captivating sights, the Orange Valley in the Sierra de Tramuntana, which is a UNESCO World Heritage Site. The Jumeirah Port Soller Hotel & Spa, which spans 18,000 square meters and overlooks the beautiful bay of Sóller, features 120 rooms and suites, two restaurants, four ba...

In a 4x4, a Patagonia driving adventure.

The Patagonia area, which lies at the  southernmost point of Chile and Argentina, is truly one of the last frontiers, inhabited primarily by small tribal groups, hardy fishing villages, and an amazing diversity of wildlife and natural wonders that will literally take your breath away.  al aaliya island The majority of visitors to Patagonia remain on either the Chilean or Argentine sides. But now there's a way to see both...in an unlikely combination of pure adventure and pure luxury. On an eight-day tour of this wild area, Quasar Expeditions, a well-known Ecuadorean travel company, is teaming up with the iconic Jeep brand. Because of the 4x4 you'll be driving, you'll be able to see natural wonders like Torres del Paine National Park, Los Glaciares National Park, and the mighty Perito Moreno Glacier. And you'll soon discover that "adventure" and "luxury" are not mutually exclusive in the hotels where you'll be staying. Your journey will begin in P...

Property sales in Argentina are on the decline.

As the industry grappled with new currency controls, property sales in Argentina fell 44.7 percent in June compared to the same time a year earlier.  qatar sale According to the Buenos Aires Association of Notaries Public, sales of 2,632 homes totaled $1.5 billion in June, down 37.2 percent from the same month last year. The new Cedin scheme, a currency exchange instrument produced by the government to restart property sales, may not be reflected in the June results. Argentina's President Cristina Fernandez de Kirchner released legislation prohibiting the use of dollars to purchase real estate in 2011, causing sales to plummet. In May, the government responded by issuing Cedin certificates in exchange for Argentinians' undeclared dollars in the region. Cedin can then be used to buy real estate. According to Jose Rozados, director of consultancy Reporte Inmobiliario, "some owners who were willing to negotiate prices in recent weeks agreed to postpone the deal, hoping that t...

In Mallorca, the Jumeirah Group opens the first European resort.

  (Spain, Mallorca) — The global luxury hospitality business Jumeirah Group, which is a subsidiary of Dubai Holding, recently celebrated the opening of its first European resort. Jumeirah Port Soller Hotel & Spa, located on the bay of Sóller in Mallorca, Spain, is the newest addition to Jumeirah's luxury spa hotel portfolio. The five-star resort is perfect for travelers who want to learn about local traditions, interact with the destination, and enjoy internationally recognized service.  iphone installment plan qatar Puerto de Sóller is a small fishing village in the northwest corner of the island of Mallorca, known for its bay, port, and location. It's a place known for having one of the island's most captivating sights, the Orange Valley in the Sierra de Tramuntana, which is a UNESCO World Heritage Site. The Jumeirah Port Soller Hotel & Spa, which spans 18,000 square meters and overlooks the beautiful bay of Sóller, features 120 rooms and suites, two restaur...

Brisbane is experiencing a shortage of prime office space.

  Recentralization and a flight to quality, according to CBRE, are assisting in the growth of Brisbane's prime CBD office sector, which is bolstered by record levels of investment in new construction projects.  property qatar The Queensland Government's Cross River Rail project, which will include a new underground station at Albert Street; Shayher Group's commercial tower development at 300 George Street; and the $3 billion Queen's Wharf casino are all expected to redefine the CBD's traditional boundaries and turn George Street into a new entertainment precinct, according to CBRE. A unprecedented $15 billion has been allocated to the CBD of the $35 billion worth of major projects currently underway or planned for Brisbane. "This is game changing," Chris Butters, CBRE's Queensland state director, said. The Brisbane CBD has never seen such a high degree of investment, with many projects in the works at the same time." "As occupiers pur...

Alternative Co-Living Arrangements are gaining traction in Asian cities.

  Co-living is becoming more common due to its proximity to major urban centers and cost savings. The co-living market is booming in Asia Pacific, according to JLL's recently released Co-living in Costly Cities - Asia Pacific survey, as more people move to cities for work or education. This is creating new opportunities for regional real estate developers and investors.  apartment for sale in qatar With property prices in gateway cities rising, co-living provides residents shorter and more flexible lease terms, as well as ready-to-move-in convenience, compared to condominiums. Operators could save up to 25% in expenses over the conventional renting model, according to a case study in the report. Simultaneously, investors stand to save a large amount of money. Working with multi-functional co-living operators, such as a building manager who performs repairs, a property manager who collects rent, and a letting agent who finds tenants, removes the need to pay the three leve...

Blackstone acquires Devonshire Square in London for $549 million.

The 12-building Devonshire Square office and retail hub was acquired from Boston-based Rockpoint Group and the Abu Dhabi Investment Authority (ADIA) for around 340 million pounds ($549 million) in a big international commercial real estate transaction that is commonly associated with Blackstone Group (NYSE: BXN).  buy property in qatar Neither the buyer nor the seller will confirm the rumored Hong Kong sale. Private equity firms like Blackstone and Rockpoint do not have to disclose their transactions to the Securities and Exchange Commission in the United States. According to the Financial Times, Blackstone charged about 17% less than Rockpoint and ADIA paid for the five-acre Devonshire Square site in 2006, when the London office market was booming. The Devonshire Square site was redeveloped at the time by Rockpoint and ADIA. The project is located near Broadgate, a financial district office complex in the City of London. Broadgate is reportedly owned by Blackstone, which holds a 5...