By Reuters Staff
Feb 25 (Reuters) - Merlin Properties Chief Executive Ismael Clemente says: OUR DIVESTMENT BUDGET WILL BE 150-200 MILLION EUROS IN 2021, NO MORE SO AS NOT TO HURT FIRM’S RETURN ON EQUITY WE EXPECT SMALL LOSS IN OFFICE OCCUPATION IN 2021 AS 15% OF OUR CONTRACTS WILL EXPIRE IN THE PERIOD WE HAVE NO INTENTION OF SELLING BBVA OFFICES AS THIS PORTFOLIO WILL BENEFIT FROM REFLATION Source text for Eikon: Further company coverage: (Reporting by Clara-Laeila Laudette)
IKEA plans to open its first shopping centre in India after the furniture giant's shopping centres business - one of the world's largest - said it had bought a 48,000-square-metre plot in the city of Noida on the outskirts of Delhi.
Hong Kong developer Hang Lung Properties said its $331.5 million purchase of property owned by the U.S. consulate will proceed after gaining the approval from the Chinese central government.
3 Min Read
DUBAI, Feb 15 (Reuters) - Dubai-listed National Central Cooling Co (Tabreed) is interested in acquiring the district cooling unit that serves Dubai International Airport, Tabreed Chief Executive Bader Al Lamki said on Monday.
Tabreed has been on a shopping spree during the COVID-19 pandemic, snapping up assets in locations such as Abu Dhabi’s Saadiyat Island, home to a Louvre museum. It also acquired an 80% stake in Dubai developer Emaar’s downtown district cooling business for 2.48 billion dirhams ($675 million).
“Dubai (international) airport has been in the market. We are looking at it. We will see how it goes,” Al Lamki told Reuters in an interview.
By Reuters Staff
2 Min Read
MADRID, Feb 15 (Reuters) - House sales in Spain tumbled 18% in 2020, the National Statistics Institute said on Monday, with tourist hotspots like the Balearic and Canary Islands hardest-hit amid the economic hardships caused by COVID-19.
A months-long home confinement last spring as well as restrictions on regional and global travel delivered hard blows to Spain’s real estate market, which had only recently begun to recover from a crash in 2008.
Around 415,000 houses were sold in 2020, the lowest number in four years, while property transactions fell to lows not seen since 2011, though pent-up demand drove a modest recuperation in the second half.