Martinez Natalie

  Frankfurt's Patrizia has agreed to buy London's Tamar Capital Group. Patrizia Immobilien AG (FRA: P1Z), headquartered in Frankfurt, will become one of Europe's largest commercial real estate operators as a result of the transaction. Tamar Capital Group, a London-based real estate investment and asset management firm, has agreed to be purchased by the German firm. The purchase price was not revealed in a statement from publicly traded Patrizia, but global real estate analysts believe it would be in the nine-figure range .in qatar Patrizia said in a prepared statement that the transaction would add around £560 million ($904 million US) in industrial, office, and retail real estate assets to its portfolio. In January 2013, Tamar, based in London, will become a fully owned subsidiary of the German firm. Financial regulators in the United Kingdom must also accept the contract. Tamar specializes in commercial real estate, with an emphasis on office, retail, and indust...

   the industrial market is making a comeback. Brennan Investment Group of Chicago and Gatehouse Bank, plc of London bought a $155 million portfolio of industrial assets in 12 states in July. According to Real Capital Analytics' third quarter 2012 industrial survey, this investment was one of around ten industrial portfolios purchased in the third quarter of 2012. This 20-property portfolio was 100% leased to 12 tenants at the time of purchase. buy and sell qatar "Over the past year and a half, US industrial markets have demonstrated remarkable resilience, with virtually every major market reporting positive absorption and increasing occupancies," Michael Brennan, chairman and managing partner of the Brennan Investment Group, said at the time of the purchase. While not all sub-sectors of the industrial market are doing equally well, RCA's industrial report for the third quarter is still reasonably optimistic. According to the survey, an increase in individual i...

  According to a new study by Knight Frank, EC Harris, and Barton Willmore on tall residential and mixed-use buildings in London, a new wave of residential towers is expected to re-define London's skyline.  homes The study addresses the unique planning, design, and funding problems that come with building tower schemes, including the increased costs of building 'up,' but also shows that, when constructed to the correct requirements, there can be a strong cost versus value advantage of building higher in some locations across London's predominantly low-rise skyline. The price per square foot in a residential tower in London usually increases by 1.5 percent per floor, excluding penthouse apartments. As penthouses are factored in, the average increases to 2.2 percent. The cost of building 'up' incrementally increases the most in the 25-40 storey range. There are currently 25 projects in London that have one or more residential or mixed-use towers under cons...

Kohlberg Kravis Roberts, a private equity company based in the United States, has made its first investment in the European property market, paying £112 million ($174.7 million) for three retail warehouse parks in the United Kingdom.  real estate companies in qatar According to the Financial Times, the three centers, known collectively as the Tuscany Portfolio, equal 430,000 square feet in Oxford, Glasgow, and Sunderland, with an initial net yield of 6.5 percent based on the price. "We like the properties because they have a long lease [10 years], which is a positive thing to have in macroeconomic instability," Guillaume Cassou, KKR's European real estate head, told the Financial Times. According to a statement from KKR, the centers are 90 percent complete. The purchase is part of a new wave of private equity operation in the United Kingdom. First-time investors in the United Kingdom have traditionally focused on London. The FT notes that buyers are beginning to shy away ...

Actis LLP, a private equity firm, plans to invest up to $1.5 billion in African commercial real estate, aiming to benefit from the region's rising middle class.  doha property According to Bloomberg, Actis, headquartered in London, plans to invest in shopping malls, office buildings, and industrial park ventures that will be completed within the next five years. Africa's population is among the world's youngest and fastest-growing. According to a McKinsey & Co. 2010 survey, household spending on the continent is projected to increase by 63 percent to $1.4 trillion by 2020. Kevin Teeroovengadum, Actis' Sub-Saharan African real estate unit owner, told Bloomberg that "we are seeing a change in interest from South African brands to European retailers" looking for opportunities in fast-growing economies like Nigeria, Ghana, and Kenya. Actis has invested $1.4 billion in seven Africa funds since 2003. According to Bloomberg, the proceeds of a $155 million real es...

The Bureau of International Expositions (BIE) met last month to assess the validity and readiness of the five city bids for the 2020 World Expo. Due to a lack of government support, Thailand's Ayutthaya was withdrawn, leaving Yekaterinburg (Russia), Izmir (Turkey), Sao Paolo (Brazil), and Dubai (UAE) to woo the 166 BIE representatives before the final closed session vote in late November.  apartment With the launch of many new mega projects and the government's collaborative efforts to carry the 2020 Expo to the Middle East for the first time, Dubai's chances seem to have changed significantly over the last six months. The Dubai Metro's $1.4 billion (AED5 billion) Red Line extension to Al Maktoum International Airport in Jebel Ali and the Expo 2020 site is expected to be completed quickly, demonstrating the authorities' commitment to the bid. Dubai's list of world's largest, tallest, and most audacious superlatives has given the emirate a global reputation; ...