Arabtec Holding Co., the United Arab Emirates’s biggest listed construction company, is in talks to buy a large European company and may tap the bond market to pay for the deal, Chief Executive Officer Hasan Ismaik said.
When Harald Huth bought the former Wertheim department store site in central Berlin, he planned to build a mall with 200 shops for about 400 million euros ($550 million). Three years and almost 1 billion euros later, he’s set to open Germany’s biggest shopping center, with 270 stores.
Aldar Properties PJSC, Abu Dhabi’s biggest developer, is returning to development with three new projects and studying plans for an additional 20 amid a nascent recovery in the emirate’s property market, the company’s chairman said today.
European property-loan sales will rise 65 percent to a record 50 billion euros ($69 billion) this year as improving economies in the region prompt investors to set aside more money for deals, Cushman & Wakefield Inc. said.