27.02.2008 Zabeel to Buy U.S. Properties After Mortgage Slump
Zabeel Investments, the Dubai-based private equity and property developer managing $5 billion, plans to buy real estate in the U.S. after a mortgage crisis pushed prices lower, its executive chairman said.
18.02.2008 Office Rents Gained 14% Globally in 2007, Led by Finance Firms
Office rents rose an average of 14 percent worldwide in 2007 as demand grew from banks and brokerages in the U.S., U.K. and Asia.
In the 10 most expensive office markets rents increased 40 percent last year, Cushman & Wakefield Inc., the world's largest closely held real estate brokerage, said today in a statement. Singapore moved into the global top 10 for the first time, with occupancy costs hitting an average of about $130 a square foot.
11.02.2008 British Land Has Third-Quarter Loss as Values Slump
British Land Co., Europe's largest real estate company by assets, reported a 1.32 billion-pound ($2.59 billion) loss for the fiscal third quarter after its U.K. offices and shopping malls slumped in value.
The loss in the three months ended Dec. 31, equivalent to 257 pence a share, compared with a profit of 1.5 billion pounds, or 285 pence, a year earlier, according to a statement today. British Land, London's biggest office landlord, said the worst of the price declines may be over.
