Real estate

November 12, 2019

1

FG okays funds for Algiers-Lagos highway

President Muhammadu Buhari on Monday said the Federal Government has made special funding commitment to the reconstruction of Trans-Saharan African highway linking Lagos with Algiers, the Algerian capital.

Buhari, who disclosed this at the 70th Session of the Trans-Saharan Road Liaison Committee in Abuja, said Nigeria would continue to support the committee to deliver the road in order to boost the continent’s economies.

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November 11, 2019

2

ARZAN WEALTH Successfully Sells Another Property from “Single Tenant Portfolio” in USA

Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its clients on the sale of a fourth property (“The Property”) from the Single Tenant Portfolio in USA.

The Single Tenant Portfolio was acquired in June 2017, consisting of 6 single-tenant net-leased buildings with a total of 760,533 sq ft, located"...

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November 3, 2019

3

Select Group announces completion of Studio One in Dubai Marina

Select Group, UAE’s leading real estate developer, has begun handover of its premium urban development Studio One in Dubai Marina. Situated in the heart of the up and coming west-end of the Dubai Marina, Studio One is located within close proximity to the Bluewaters Island and next door to Wyndham and Rove hotels with a wide array of restaurants, supermarkets and salons nearby.

With a gross development value of AED 500 million, the development"...

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November 2, 2019

4

Expo 2020 buzz adds to positive traction in UAE realty market

Less than a year ahead of the World Expo 2020 Dubai, the buzz of one of the biggest global events is already being experienced by the market players across the sectors, particularly the UAE’s real estate industry, according to an expert.

“The upcoming Expo 2020 is adding to the business confidence of real estate investors, and there is positive traction in the market. More professionals and experts are taking up residence in the city"...

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October 28, 2019

5

Fairvest Property Holdings to list on A2X

Fairvest Property Holdings (share code: FVT), a real estate investment trust with a market cap ofR2 billion, has been approved for a secondary listing on A2X Markets. It will list on Thursday, 31 October 2019.

The Fairvest property portfolio consists of 42 properties diversified across the main provinces of South Africa with in-excess of 243,000m2 of gross lettable area. Its focus is predominately the retail sector, weighted toward non-metropolitan"...

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October 22, 2019

6

Bombay Realty recognized with 'The Most Promising Brand’ award at ET Awards

Bombay Realty, a part of the 283-year-old renowned Wadia Group of companies, has been conferred with the coveted ‘Promising Brand 2019-20’ award in the real estate category by Economic Times. This Award was bestowed on Bombay Realty’s Island City Centre development during “The Economic Times India-UAE Strategic Conclave” held in Dubai recently.

Commenting on receiving the Award, Mr. Ashutosh Khatawkar, Vice President"...

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October 18, 2019

7

Historic Conrad Hilton Bel-Air Estate Hits Market for $225 Million

The Conrad Hilton estate, Casa Encantada, has come on the market for the first time in decades since it was built in 1938. It is rich in history having been built in the midst of the heyday of old Hollywood. Louis B. Mayer and Jack Warner were bringing sound to motion pictures and stars Greta Garbo, Joan Crawford, Clark Gable, Katherine Hepburn, Spencer Tracy to the screen. Its architectural legacy and a commitment of meticulous preservation shines through all aspects of this rare property.

The"...

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