PropertyO News
Commercial property, Nov 2009
World's ugliest buildings
Poor old Federation Square in Melbourne has made it onto VirtualTourist's annual list of the ‘World's Top 10 Ugly Buildings,' alongside New Zealand's Parliament building ‘The Beehive' and Center Georges Pompidou in Paris...
Tue, Nov 24, 2009
Chile warming up
There are signs the 300-metre (984-foot) Costanera Center in Santiago tower may resume construction, signalling an economic recovery is also under way in Chile...
Fri, Nov 20, 2009
South africa: met its match?
With 450,000 visitors expected in South Africa for the World Cup next year, organisers are at pains to reassure that fans will find enough hotel rooms -- but not always in smaller host cities on match days...
Thu, Nov 19, 2009
Hsbc to sell up in paris?
HSBC, Europe's largest bank, is in exclusive talks with an unidentified property fund to sell its Paris headquarters...
Thu, Nov 19, 2009
Palazzo versace facing glass ban
Palazzo Versace, one Australia's most luxurious hotels, is facing a potential glass ban after a glassing attack at a staff Christmas party - Queensland liquor licensing officials have promised to take a "commonsense" approach when they assess the Gold Coast venue, which has been threatened with "high risk" classification over the incident...
Tue, Nov 17, 2009
Tesco hits china
Tesco has set up the first of a series of joint ventures that will develop shopping malls in China - the supermarket giant has signed an agreement to set up a 50/50 joint venture with a series of Asian investors including HSBC Nan Fung China Real Estate Fund, Singapore's Metro Holdings and Nan Fung Group from Hong Kong...
Tue, Nov 17, 2009
Peasants push up shanghai disney cost
The cost of building Disney's theme park in Shanghai is being inflated by wily Chinese peasants, who have started a construction spree of their own on the site - after almost 20 years of negotiation, Disney won approval to build its new park in Shanghai this month. The entertainment group will spend between £2.4 billion to £3 billion on building a 3,000 acre park...
Tue, Nov 17, 2009
Debenhams goes danish
Debenhams has bought Magasin, a leading department store chain in Denmark for £12.3 million - t has bought the entire share capital of Wessell & Vett, Magasin du Nord, the holding company for the chain, from Magillum...
Thu, Nov 12, 2009
Sun shines on italian commercial
The commercial property market in Italy is showing signs of stabilisation and recovery with high levels of investor interest and activity, according to a new report - even the summer period which is traditionally quieter from an investment perspective saw levels of activity reach €1.3 billion, over 40% up on the same quarter in 2008, the report from property analysts CB Richard Ellis shows...
Wed, Nov 04, 2009