Deka Immobilien GmbH, Germany’s biggest manager of property mutual funds, bought an office building in the City of London for about 500 million euros ($680 million) to benefit from rising rents in the U.K.’s biggest financial district.
Prologis Inc., the world’s biggest warehouse owner, plans to increase rents and spend as much as $600 million a year to develop warehouses in Japan as Prime Minister Shinzo Abe’s policies boost corporate confidence.
Hilton Worldwide Holdings Inc., the world’s largest hotel operator, plans to increase its U.S. initial public offering to about $2.25 billion to allow preferred shareholders to sell about $1 billion of stock, according to people with knowledge of the situation.
Sarah El-Said is relocating for the fourth time since coming to Dubai from New Jersey in 2008. The mother of two and her husband will pay 43 percent more for a similar-sized apartment, moving their children away from friends after disagreeing with their landlord over terms of a new lease.
After P.S. Ramachandran turned 80, he and his wife decided it was time to stop living alone. Rather than take the traditional path of moving in with their son, the Ramachandrans chose an option once rare in India: a retirement community.