Andrew Blackman News
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Land Securities Group Plc, the U.K.’s largest real estate investment trust, said the value of its properties rose 4.5 percent in the year through March on demand for shops and offices in central London.
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Underwater mortgages and missed home- loan payments were almost unheard of when Joe Michna started listening to the troubles of residents in the northern English town of Hartlepool. Now, 26 years later, one in seven coming to him for help are worried about losing their home.
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Viacom Inc.’s Paramount Pictures is lending its name to a group of investors building as many as 50 Hollywood- and California-themed luxury hotels worldwide.
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Dubai is expected to achieve its lowest budget deficit in five years as it reduces spending on development and infrastructure projects, Alrroya Aleqtissadiya reported, citing a government official it didn’t identify.
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Spain will adopt measures such us speeding up tenant-eviction procedures to boost the rental market in a country that has an 83 percent home-ownership rate, one of the highest in the world, according to Public Works Minister Ana Pastor.
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Goldman Sachs Group Inc.’s Whitehall real-estate funds and GSW Immobilien AG made an offer for Barclays Plc’s Baubecon GmbH residential landlord unit, two people with knowledge of the matter said.
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Global equality campaigners occupying a square on the fringes of the City of London financial district must leave their camp by May 18 or face legal proceedings.
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Berkeley Group Holdings Plc, the U.K.’s worst performing publicly traded homebuilder this year, rebounded from a five-month low as investors bet that exposure to London residential real estate will boost annual earnings.
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Gagfah SA, Germany’s biggest residential landlord, may sell its 38,000 apartments in Dresden to help pay debt due next year, Chief Executive Officer Stephen Charlton said.
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Barratt Developments Plc, the U.K.’s largest homebuilder by volume, said the company had its best spring selling season in five years as reservations and prices increased. The shares rose the most since Feb. 28.
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