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06 Mar 2009
Orco Extends Maturity of Loans Worth $126 Million, Chief Says

Orco Property Group SA, a central and eastern European developer, renegotiated about 40 loans maturing this year worth 100 million euros ($126 million) to give the company more comfort and flexibility, said Chief Executive Officer Jean Francois Ott. / Source: Bloomberg

06 Mar 2009
Property investors in Canada likely to see sliding property sales and prices

Property investors in Canada should brace themselves for a year of sliding real estate sales and prices, according to a leading economist. / Source: Propertywire

06 Mar 2009
Asda reacts with disappointment to competition test result

Budget supermarket Asda has said it is obviously disappointed that the Competition Appeal Tribunal has upheld Tesco's challenge to the two-year competition test on technical grounds. / Source: Propertyweek

06 Mar 2009
Rents in London could plunge by 50%, says King Sturge

Rents in London may fall by 50% over the next two years, according to King Sturges latest research. / Source: Propertyweek

05 Mar 2009
MGM Mirage, Deutsche Bank Talks on CityCenter Said to Collapse

MGM Mirage and Dubai World failed to reach agreement with Deutsche Bank AG and talks on a $1.2 billion loan to complete the Las Vegas CityCenter project collapsed, according to five people with knowledge of the matter. / Source: Bloomberg

05 Mar 2009
SM Prime Rises Most in Two Months on Prospects of China Malls

SM Prime Holdings Inc., the largest Philippine shopping mall operator, advanced the most in more than two months on optimism its expansion in China will boost earnings after the worlds third-biggest economy kept its growth target. / Source: Bloomberg

05 Mar 2009
Las Vegas Sands May Resume Macau Casino Construction Next Year

Las Vegas Sands, the gambling operator owned by billionaire Sheldon Adelson, may restart construction of its $12 billion Macau development next year as credit markets thaw. / Source: Bloomberg

05 Mar 2009
Sakss Ability to Tap Real Estate Hurt by Market Drop

Saks Inc. Chief Financial Officer Kevin Wills told investors the unprofitable luxury retailer has very valuable real estate assets it could tap to raise money if needed. / Source: Bloomberg

04 Mar 2009
German Property Companies Owe Billions, Face Deadline

Germanys real estate companies are fighting for survival, with deadlines looming to refinance short- term debt thats as much as 18 times their market capitalization while the recession erodes asset values. / Source: Bloomberg

04 Mar 2009
Dubai Formula One Developer Plunges, Leading Gulf Stocks Lower

Union Properties PJSC, the Dubai developer that suspended a Formula One theme-park project last week, plunged after the company said it needs 600 million dirhams ($163 million) this year to fund operations. / Source: Bloomberg

04 Mar 2009
AMB Property Europe appoints business development chief

AMB Property Europe has appointed Anthony Biddulph as senior vice president of business development for Europe and the Middle East for its capital partners group. Biddulph joins from Blackrock, where he was director, head of the European and Middle Eastern client account management group. / Source: Propertyweek

04 Mar 2009
Spore office rents fall sharpest in Asia

Office rents for Grade A/Prime space in Singapore fell a steep 14 per cent in Q408 on a year-on-year (yoy) basis, the sharpest fall in Asia. In Tokyo, office rents fell 13.4 per cent yoy while in Hong Kong (citywide), rents fell 13.2 per cent yoy. In Hanoi, rents rose the fastest at 25.6 per cent yoy while in Kuala Lumpur, rents increased by 19.3 per cent yoy. In Seoul (Yeouido), rents rose by 9.5 per cent yoy. / Source: Luxuryasiahome

03 Mar 2009
Cohen & Steers Ex-Investor to Buy Distressed Assets

Real estate investor James S. Corl is jumping back into the property market to buy distressed assets. / Source: Bloomberg

03 Mar 2009
Property Values Approaching Stupid Lows, Vornados Roth Says

Stephen Roth, chief executive officer of Vornado Realty Trust, said it may take as long as four years for commercial real estate demand to catch up with supply. / Source: Bloomberg

03 Mar 2009
U.S. Construction Spending Fell in January More Than Forecast

Spending on U.S. construction projects fell in January more than twice as much as forecast as the housing recession deepened and commercial building slumped by the most in 15 years. / Source: Bloomberg

03 Mar 2009
London office rents fall twice as fast as NYC

Office rents in London fell twice as quickly as its main international rival New York City last year, as the capital bore the brunt of the crisis in the financial sector, a report said on Monday. / Source: Reuters UK

02 Mar 2009
Marks, Next Decline as Deutsche Cuts Rating on Declining Demand

Marks & Spencer Group Plc and Next Plc, Britains two largest clothing retailers, fell in London trading after Deutsche Bank AG cut its ratings on weakness in consumer demand which it expects to last through 2010. / Source: Bloomberg

02 Mar 2009
Woolworths Shares Slump After Earnings Miss Estimates

Woolworths Ltd., Australias biggest retailer, fell the most in four months in Sydney trading after posting first-half profit that missed analyst estimates. / Source: Bloomberg

02 Mar 2009
Eiffage Falls Most in Four Months After Profit Drops

Eiffage SA, Frances third-largest construction company, fell the most in three months in Paris trading after full-year profit dropped on a slump in the Spanish property market. / Source: Bloomberg

02 Mar 2009
New rules for property development announced in Dubai

New property developers in Dubai will be required to pay 100% of the land price before selling off-plan and will have to inject a minimum of 20% of the project's value before beginning construction from March, it has been announced. / Source: Propertywire

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