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IKEA's malls arm plans first India site on outskirts of Delhi

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. ....

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Hang Lung says property deal with U.S. consulate to proceed after China's approval

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. ....

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UAE's Tabreed is interested in Dubai airport district cooling deal - CEO

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. ....

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Spanish house sales tumble in 2020 amid pandemic

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. ....

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Japan's Aeon says to offer shopping malls nationwide for COVID-19 vaccinations

By Reuters Staff
1 Min Read
FILE PHOTO: A shopper wearing a protective mask pushes a shopping cart at Japan s supermarket group Aeon s shopping mall as the mall reopens amid the coronavirus disease (COVID-19) outbreak in Chiba, Japan May 28, 2020. REUTERS/Kim Kyung-Hoon/File Photo
TOKYO (Reuters) - Japanese retail group Aeon Co Ltd said it will offer its shopping malls throughout the country for COVID-19 vaccinations in response to a government request.
Details including starting dates were undecided, a spokesman said.
Prime Minister Yoshihide Suga has said vaccinations would begin from the middle of next week, starting with some 10,000 health workers. The government hopes to secure enough supplies for the whole population by mid-year. ....

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