Real Estate Blog

«City inside of city» will be constructed in Dubai

info — Wed, 08 Oct 2008 19:51:50 +0000

Developers Company Meraas Development will construct new city in Dubai. The estimated cost of the project makes $95 billion
Multipurpose project Jumeirah Gardens is conceived as “city inside of city”. Its realization will last for 12 years.
Into structure of the project business and residential buildings, and also entertaining institutions will enter. Besides, creation of the water channel which will divide Jumeirah Gardens on two parts is planned.
Earlier it was informed other company Nakheel has declared intention to construct tower Nakheel Tower, which height would exceed 1 kilometer.

Nouvelle Building in the center of Moscow

info — Wed, 08 Oct 2008 19:51:25 +0000

In the center of Moscow there will be a new business center of a class “And” Nouvelle Building.
The total area of eight-story office center will be made 9,8 thousand square meters. The building will be equipped with underground parking. Now the works on internal furnish of building are conducted.
The business center of “A” class Nouvelle Building will be in use in 4 quarter 2008.
The concept of business center is developed by company S.A. Ricci/King Sturge; it will be engaged in renting the object.

Cheap houses in Los Angeles

info — Wed, 01 Oct 2008 21:30:54 +0000

Los Angeles Mayor Antonio Villaraigosa has declared about intention to construct20 thousand accessible houses within the nearest five years. For these purposes it is planned to spend $5 billion.
Authorities of city and the country will allocate $1 billion. Noncommercial organization Enterprise Community Partners has informed on readiness to give $700 million. Remained money will be received from philanthropists, private borrowers and the governmental grants.
Mayor of city has declared, that he will make all necessary for realization of the plan.
Within the limits of the given plan construction of 20 housing projects, which will be settled down near to transport highways and outcomes of city, is supposed; 2,2 thousand houses for homelesses and 14 thousand objects for tenancy within the limits of the federal program on subsidizing habitation for needy will be built.

Immoeast AG changes its priorities

info — Tue, 23 Sep 2008 12:55:23 +0000

Last Thursday largest listed property company in Austria, Immoeast AG, has declared about the losses, caused by depreciation of belonging to it real estate objects in Central and the East Europe.
During the second quarter of current year pure losses of the company have made 53,6 million euro, or-6 cents from one share, in comparison with profit at the rate of 98,1 million euro, or +13 cents per share, received for the similar period of the last year.
In a view of given circumstances Immoeast has decided to concentrate the attention on growing economies of the Balkan region and former USSR republics. Now half of all actives of the company are located in Romania, Bulgaria, Russia and Ukraine.

News portal Colliers News

info — Tue, 23 Sep 2008 12:54:55 +0000

Colliers International, the leading international consulting company, rendering services in the field of the commercial real estate, declares about start of new information portal Colliers News. This resource will unite news from 293 offices of the company worldwide. The portal will become the first resource of a similar sort in the commercial real estate market.
Colliers News has been developed with the purpose of centralization of all news and messages Colliers International concerning activity. Its primary goal - is to simplify distribution of news among mass media and representatives of key audiences. On a site the base of press releases and news will be presented, access to necessary contacts is provided; the RSS-channel of the fresh information from all points of globe is adjusted.

Largest transaction in the real estate market is signed in Europe

info — Tue, 16 Sep 2008 18:51:45 +0000

Registration in long-term rent of headquarters of bank Banco Santander (Madrid, Spain) has taken 1,9 billion euro from company Propinvest. For such scale operation it was necessary to borrow means from banks Royal Bank of Scotland, HSH Nordbank and Bayern LB.
Total area of the complex leased for 40 years, makes 175 thousand square meters. About 9 thousand people work in this office.
Banco Santander SA enters into the five largest banks of the world on volume of market capitalization. The bank totals nearby 10 thousand branches and 65 million clients all over the world.

Asymmetric skyscraper will be constructed in New York

info — Tue, 16 Sep 2008 18:50:03 +0000

In New York construction of 57-storeyed inhabited skyscraper has been started at Leonard Street. According to designers from Swiss architectural bureau Herzog and de Meuron asymmetrical forms will become distinctive feature of the building.
Skyscraper will have 135 apartments - two- and five-sleeping residences - and ten penthouses, which would deviate from 133 up to 592 square meters. Premises will be non-uniformly put against each other due to what the unusual form of a high-altitude building will be reached. It will be possible to get an exclusive apartment in this skyscraper just for 33 million dollars.
The building will be built in the fourth quarter 2010.

Miracle-hotel waits for the first visitors

info — Fri, 12 Sep 2008 13:44:02 +0000

It is the most long-awaited resort in the world, and the best way to visit it is to arrange a grandiose party. Owners of the smartest hotel in Dubai will spend nearby 16 million for celebratory night on November, 20th.
Atlantis The Palm, located on top of half moon Palm Jumeirah, - the project, unique even for the United Arab Emirates, and this country, - is famous for the epic scope. Royal Towers - the most effective part of a complex - already designate glory of new sight of Dubai (where, we shall remind, Burj Dubai and man-made islands have been already located). Towers are connected by the bridge, on which Bridge Suite settles down. It is the most expensive hotel room in the Emirates. It has three bedrooms with windows from the floor up to the ceiling, and in a dining room there is a table on 16 persons, covered with mosaic gold.

The hotel has 17 restaurants and bars, among which there are such well-known restaurants as Nobu and Rostang - an authentic Parisian bar. The restaurants will offer a wide choice of seafood. The alternative to them is made by Stakehouse, restaurants of the Arabian and Italian kitchen, and also romantic place Nasimi.

Conference-center Atlantis, the Palm is just in several minutes of driving from a business centre of Dubai and not far from the airports of Dubai and Abu-Dhabi. The area of a conference-center makes 5600 square meters, and it is equipped with the newest techniques.

Prices for houses in Britain have decreased

info — Sun, 07 Sep 2008 07:20:27 +0000

The prices for houses in the Great Britain have decreased in August, 2008 on 1,8 % in monthly calculation. Such information has been represented in review Halifax, prepared by bank HBOS.
Reduction of prices for three months, which have come to the end in August, has made 10,9 % in annual calculation.
Analysts expected, that in August the prices will decrease on 1,8 %.

Largest European spa-resort will be constructed in Croatia

info — Sun, 07 Sep 2008 07:20:01 +0000

Largest in the Europe spa-complex will appear at the Adriatic coast.
The resort complex under the name Novi Spa Hotel and Resort will have two hotels of “premium” class, the spa-center, 20 elite country houses, shopping center and the congress-hall. A total area of a resort will make 311 thousand square meters. Investors - Croatian companies Lir and Orbis - will spend € 150 million on a construction only the first turn of a complex. it will be already possible to visit a spa-resort in the autumn of 2009.