Category: Real Estate

  • UK property industry calls for urgency on trusts

    UK property industry By Jim Pickard – The ownership of billions of pounds of property will move offshore unless the government urgently introduces Reits (real estate investment trusts), the property industry warned yesterday. The Treasury is keen to introduce a new tax-efficient vehicle for property investors but is adamant that such a system should not lead…

  • Before rushing into Reits …

    Investors shouldn’t let enticing payouts blind them to property trusts’ risks Reits or Real Estate Investment Trusts are now the flavour in Singapore and the region. Governments are offering tax incentives for Reits and there is talk of several billion-dollar Reits being floated in Singapore and other regional markets, including Hong Kong. Reits invest in…

  • Self-storage REITs ride economic boom

    NEW YORK – You can’t always take it with you, and when you can’t you put it in storage. At least that’s what investors are betting as they put cash into self-storage real estate investment trusts. “So far this year, they’ve significantly outperformed,” said Tom Bohjalian, vice president of New York based Cohen & Steers…

  • UDC launches its new harbour-side homes

    United Development Company (UDC), the promoter of the freehold West Porto Drive towers around Porto Arabia, the main marina of The Pearl-Qatar, has released the second wave of harbour-side homes in ten, 20-storey towers. The towers overlook Porto Arabia, which will be an international yachting hub with berthing for 400 vessels, and the 2.5 kilometre…

  • Call to sort out REIT launch

    Hong Kong needs clear legislation and firm stock exchange commitment for the development of the Real Estate Investment Trust (REIT), according to analysts. They warned Hong Kong would be left behind by other regional financial centers like Singapore and Taiwan if local regulators do not encourage the launch of such an investment product soon. “Singapore,…

  • The British Connection

    The healthy bilateral relations between the UK and Tunisia were reinforced by the recent visit of Michael Savory, the lord mayor of the City of London. The three-day work trip from February 17-20 aimed to promote British interests already in Tunisia and encourage further investment. With the UK still a major investor in Tunisia, both…

  • Fidelity purchases shares of Boardwalk Real Estate Investment Trust

    BOSTON, MA, Feb. 7 – Fidelity Management & Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane, Pembroke, Bermuda (hereinafter referred to as “Fidelity”) announce that certain funds for which Fidelity serves as investment adviser have purchased 71,000 shares of…

  • Door opens into commercial property

    TRADITIONALLY, commercial property has been a closed shop as far as private investors are concerned. High entry levels for good-quality transactions have meant that even high-net-worth individuals would have to think twice about jumping into the market. But the lure of the commercial property sector – the best performing asset class over the past five…

  • Brazil’s top diplomat fills out the plot line

    His strategy wins nation clout on the global stage BRASÍLIA Foreign Minister Celso Amorim, a cinema buff and former movie producer, likes to go over a script in his mind of Brazil’s future. In it, Brazil shakes its postcolonial insecurity and takes the helm of South America to the United Nations, where it lands a…