Spain is considering creating asset-backed securities from 7 billion euros ($9.7 billion) of mortgages owned by Catalunya Banc SA, a lender rescued by the state in 2011, according to two people familiar with the matter.
Along Lisbon’s Avenida da Liberdade, a half-dozen vacant buildings mar a boulevard lined with gardens, ornately tiled sidewalks and luxury shops that’s considered the Champs-Elysees of the Portuguese capital.
A plan to build a skyscraper near Liverpool Street railway station, slated to be the tallest in the City of London, may be revived this year as rising occupancy rates in the financial district draws investors, according to Peter Rees, the City’s former planning officer.
Overseas buyers of London apartments who leave them vacant are hurting the city’s economy by making it too expensive for people who come to the capital to work, former City of London planning officer Peter Rees said.
Greece is preparing a property portfolio valued at as much as 500 million euros ($688 million) to offer to investors by the end of this year, according to the head of the Hellenic Republic Asset Development Fund.
Sam Zell, the billionaire chairman of apartment landlord Equity Residential, said the company bought a rent-controlled complex in California because it was a good investment and not with the goal of raising rents.
JPMorgan Chase & Co. will probably join Morgan Stanley as global coordinator on the initial public offering of Emaar Properties PJSC’s shopping malls and retail business, three people with knowledge of the matter said.