Worldwide Property News

Birmingham Bullring Building from Outside

UK Retail Developer Hammerson Rejects £4.9 Billion Takeover Deal Offer by Klepierre

It has been revealed Klepierre, a French property development firm, approached Hammerson with an offer of £4.9 billion, which had been rejected in less than 24 hours. Established in 1990, Klepierre is a property investment trust based in Paris, which specialises in the management of retail shopping centres all across Europe. The company currently owns […]

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asia prefer london for investments in 2018

Asia Invests into London Like Never Before (Record High)

They year 2017 attains a new record of increased global investment in the real estate reaching the value of around 1.62 million dollars with the Asian money contributing more than half of this. London remained as one the most desirable destinations when it comes to an international investment due to concerns about the potential departure […]

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Will Purplebricks succeed expanding into New York?

The largest British online estate agent, Purplebricks dare themselves once again as they ramp up their US extension, this time to the ‘city that never sleeps’, New York City. Regardless of the sceptical reaction drawn from different analyst when they first enter the US market last year, the group said it had already opened their […]

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worldwide news

After UK, India, Nigeria and South Africa, Commercial People welcomes two new countries!

Commercial People was established as a worldwide search portal to provide comprehensive access to commercial and residential properties to buy and rent worldwide. Today we proudly announce two new members of this global family! After UK, India, Nigeria and South Africa, it is with great joy that we welcome Australia and the United Arab Emirates […]

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airbnb

Airbnb boosts short-term letting but raises issues

With more than 10 million nights booked worldwide, Airbnb is the world leader in travel rentals, but with about 7,500 hosts in South Africa, as well as boosting short-term letting, it’s also raising a number of issues. As property owners are seeing favourable returns by listing their apartments and homes to attract travellers, real estate […]

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Ireland sees an Increase of 135% in Annual Rental Profits

Property investment company, Green Reit have expressed thoughts of a positive effect upon Irish real estate owing to the Brexit result. This is with a report of an increase of over 135% in annual rental profits. Strong statistics In the year to the end of June, Green Reit reported a 10% rise in contracted yearly […]

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Asian investment in London and the UK

Over the past few weeks, increasing numbers of Asian investors have been looking towards the UK to expand. Most recently, numerous Thai developers, have followed in the wake of the Brexit result. Hotel Acquisitions Singha Estate have been found to be showing interest towards hotels in Europe, particularly towards three UK properties valued up to […]

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Overseas investors show interest in UK commercial property

Commercial property buyers are enticed by both a current inexpensive sterling and descending value of London real estate. Wells Fargo purchased a new office block in London earlier this week, even though the initial plan was to lease the property. Close sources claim the deal cost around £300m. Cheaper properties The sterling has fallen by […]

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New York firm offers to buy £1bn worth of assets

A US private equity firm has plans to get the best out of the current status of the UK commercial property fund market. Reported by the Financial Times, Madison International Realty has offered to purchase £1bn worth of assets from multiple UK property funds, which were forced to freeze dealings last week. Approximately £15bn worth […]

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The pros and cons of Brexit

A recent analysis by Fidelity International has found that the confidence of the UK’s commercial real estate markets will undoubtedly decrease owing to the Brexit uncertainty with a ripple effect set to spread beyond the capital. This is as it is likely that decisions will be on hold in the duration of peak economic and […]

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