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City of London’s Tallest Tower gets the Green Light

AXA Investment Managers – Real Assets has announced that on behalf of a consortium of international investors, it will continue construction of 22 Bishopsgate (“22”) in the City of London. The planned 62-storey, 912ft building will be the tallest in the City of London and provide 128,000sqm (1.4m sq ft) of usable space as well […]

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Dubai’s ‘The Tower’ will be the World’s Tallest Structure by 2020

Name: The Tower; Location: Dubai Creek Harbour; Developer: Dubai Holdings & Emaar Properties; Designer: Santiago Calatrava (Spanish/Swiss Architect); Height: Not released; Floors: Not released; Construction Started: Q4:2016; Expected Completion: 2020. Billed to be the tallest building by year 2020 rising above Dubai’s Burj Khalifa, “The Tower” is expected to redefine the United Arab Emirate’s (UAE) existing skyline while setting […]

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KKR Closes First European Real Estate Fund at $739 Million

KKR, a leading global investment firm, today announced the final closing of KKR Real Estate Partners Europe L.P. (REPE), a $739 million fund focused on opportunistic investments in real estate and real estate-related transactions primarily in Western Europe. Speaking on the fund close, Ralph Rosenberg, Global Head of KKR Real Estate, said: “We believe that […]

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BlackRock Sells Singapore Office Tower to Qatar Investment Authority for $2.5bn

In a deal that is set to become the largest office transaction Singapore has ever seen, the Qatar Investment Authority has agreed to buy Asia Square Tower 1 for $2.5 billion (S$3.4 billion) from BlackRock, the world’s largest asset manager. Asia Square Tower 1 is located in the central area of Singapore and offers over 116,000sqm of leasable office space on 43 floors. […]

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South African Retailers Have Spent Over £1.85bn Buying their European Counterparts

In the past 10 months, South African retailers and investors have spent over £1.85 billion on the acquisition of retail chains within Europe. Brait SE, a South African owned investment company started the trend when they acquired British fashion retailer New Look for £780 million in May last year. Truworths International followed when they agreed to buy a majority stake […]

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China-based Investor Seeks to Dominate U.S. Hotel Industry

China-based Insurance Company, Anbang Insurance Group Co. has a contract in place to buy Strategic Hotels & Resorts Inc. for $6.5 billion from Blackstone. Strategic owns 16 U.S. hotels, with all but one competing in the luxury sector. Its hotel portfolio includes Fairmont hotels in Chicago and Scottsdale, Arizona; five Four Seasons hotels; two Ritz-Carlton […]

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Four Sovereign Wealth Funds Invest in the NSIA’s Real Estate Co-Investment Fund

Speaking to the House Committee on Banking and Currency on the 10th of February, Uche Orji, CEO of the Nigerian Sovereign Wealth Fund (NSIA) explained that four unnamed global Sovereign Wealth Funds (SWFs) have committed $100 million each into the NSIA’s $1 billion Real Estate Co-Investment Fund (RECF). Earlier today, an NSIA representative explained to […]

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Grosvenor Group Invests in RMB Westport Fund

The Grosvenor Group, a privately owned property group known for developing prime London addresses including Mayfair and Belgravia, has made its first investment commitment to sub-Saharan Africa. The flagship investment in RMB Westport’s Real Estate Development Fund II, was made by the Group’s Indirect Investment team, who are seeking investment opportunities with third-party managers. RMB Westport, a real […]

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Nigeria’s 2016 Budget Breakdown by BudgIT

Key Takeaways The highest Capital Expenditure component of the 2016 budget will be Works, Power and Housing at N433.4bn. This budget is the highest budget ever presented by the Federal Government of Nigeria at N6.08tr. Oil revenue projections tumble from N1.64tr in 2015 to N820bn in 2016. The Federal Government intends to raise N900bn from foreign […]

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Nigeria Mortgage Refinance Company Shares Approved for Trading on NASD OTC

The securities of Nigeria Mortgage Refinance Company PLC (NMRC) were introduced to the NASD OTC market by Cordros Capital Limited on 27th of November, 2015. According to a statement released by the NASD, the 1.76billion shares of NMRC are trading under the Symbol code SDNMRCPLC and were entered to the board at a price of ₦4:00 per share. […]

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