Andrew Blackman News
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Cape Town is hoping to attract sport teams and nightclubs to the rarely used, loss-making stadium it built for the 2010 soccer World Cup, according to Councilor Grant Pascoe.
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Obayashi Corp., Japan’s biggest builder by market value, and Hamad Bin Khalid Contracting won a a 2.5 billion riyal ($687 million) contract to redevelop properties in the center of Qatar’s capital, Doha.
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Kerzner International Holdings Ltd., builder of Atlantis resorts in the Bahamas and Dubai, formed a partnership to construct Saudi Arabia’s first One & Only resort.
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Aldar Properties PJSC and Sorouh Real Estate PJSC, the Abu Dhabi companies set to merge next months, soared the most in almost eight years.
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U.K. commercial real estate investors may be unable to refinance about half of their 198 billion pounds ($303 billion) of bank loans as property values fall, a survey by De Montfort University shows.
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Vacation homes for sale in the German town of Prora, on the Baltic island of Ruegen, feature private saunas and sea views at a steep discount to similar properties nearby. The catch? They’re part of a dilapidated complex of identical, unadorned blocks built by Adolf Hitler to house 20,000 workers on Nazi party-sponsored vacations.
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The owner of Pinewood Studios Ltd., where movies including James Bond’s “Skyfall” and “The Dark Knight” were filmed, was denied approval to develop new studios and stages at a campus about 20 miles west of London after an earlier plan was rejected last year.
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LEG Immobilien AG, Germany’s largest residential landlord by market value, bought about 2,200 apartments in North Rhine-Westphalia from a group of investors led by BGP Investment.
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Bovis Homes Group Plc, a U.K. homebuilder, said sales are improving faster than expected this year as government initiatives to boost homebuying start to have an effect.
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Land Securities Group Plc, the U.K.’s largest real estate investment trust, said full-year profit increased as the company secured tenants for empty properties. The shares rose the most in 16 months.
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