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China’s Wanda sells interests in high-profile London property project

China’s Wanda sells interests in high-profile London property project

HONG KONG: Dalian Wanda Group has agreed to sell its interests in the high-profile London luxury development project, One Nine Elms, for 59 million pounds ($81 million), the latest in a string of asset sales that underscore financial strains hitting the Chinese conglomerate. The conglomerate, which has businesses that range from real estate to football […]

UK to introduce foreign owners’ property register

UK to introduce foreign owners’ property register

Britain will introduce a public register that will compel foreign companies which own or buy property to disclose their ultimate owners in a bid to crack down on money-laundering, the business ministry said on Thursday. London property in particular has attracted foreign buyers in recent years thanks to its mix of top-end apartments, luxury penthouses […]

Foreign Appetite For Commercial Property On The Rise

Foreign Appetite For Commercial Property On The Rise

While Chinese demand for Australian residential property is cooling, due to tighter restrictions on investment activity in both Australia and the PRC, the exact opposite is true for Australian commercial property. Foreign demand for hotels and office assets are set to climb to 21.9% and 19.2% respectively, according to the ANZ/Property Council Survey for the March […]

‘It’s a crown jewel’

‘It’s a crown jewel’

Former Grand Haven resident James Timberlake has added a long line of credits to his resume since graduating from Grand Haven High School in 1970. But the crown jewel has to be the design of the U.S. Embassy in London, which opened this week, he said Wednesday in a telephone interview. The new embassy was […]

MALAYSIAN FUNDS BUY LONDON’S BATTERSEA FOR $2.2B AND MORE ASIA REAL ESTATE HEADLINES

MALAYSIAN FUNDS BUY LONDON’S BATTERSEA FOR $2.2B AND MORE ASIA REAL ESTATE HEADLINES

Two Malaysian state-backed funds have said they will buy Battersea Power Station in a deal that values it at around £1.6bn – making it the biggest property deal carried out in the UK. The terms of the deal value it ahead of the UK’s biggest ever property transaction, the £1.28bn sale of the ‘Walkie Talkie’ skyscraper in the City last year, which was acquired […]

Taxing times ahead for the UK: how to advise clients

Taxing times ahead for the UK: how to advise clients

To understand what tax changes have been brought in. To list the various measures affecting the advice process when it comes to tax. To ascertain how to advise clients about property disposals. The UK has been expanding the tax exposure and compliance burden of overseas investors in UK property. November and December 2017 saw the announcement […]

Property remains preferred 2018 investment asset for UAE residents

Property remains preferred 2018 investment asset for UAE residents

The annual YouGov survey conducted by IP Global, a leading full-service property investment company, has confirmed that property remains the preferred investment asset by UAE residents, with 40 per cent of residents planning to invest in property in the UAE and 18 per cent planning to do so overseas in the next year.  In a […]

London Edges Out New York City as Top Hotspot Among Foreign Real Estate Investors

London Edges Out New York City as Top Hotspot Among Foreign Real Estate Investors

WASHINGTON, DC – Among foreign investors, interest in New York has slipped and London has assumed first place as the number one global city for their real estate investments. For the first time, Los Angeles has tied New York as the number one city in the US, according to the results of a new survey taken among the members of the Association of Foreign Investors […]