KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, formed a joint venture with Hines to develop a master-planned business park in Houston as it seeks to expand in real estate deals.
Soilbuild Business Space REIT, whose assets include business parks and industrial properties in Singapore, fell in the city-state’s biggest initial public offering since May, tracking declines in the broader market.
Dubai appointed Saeb Eigner as the chairman of the Dubai Financial Services Authority, the regulator of the Dubai International Financial Center tax-free business park, to replace Abdullah Mohamed Saleh.
Five men died and another man has been seriously injured after an explosion at a business park in Lincolnshire, eastern England, police said. The cause of the explosion, which occurred last night, isn’t yet known, Lincolnshire police said in a recorded telephone message.
Investors from Norway to Singapore are bypassing property funds and putting money into London commercial projects with developers, taking more risk in a bid to increase returns as the U.K. market recovers.