Real Estate

Real Estate
Friday, June 17th 2011 - 06:03 UTC

US current account deficit up 6.3% spurred by imports of more expensive oil

The US housing market remains flat influencing jobs negatively

The US current account deficit rose 6.3% to $119.3bn in the first three months of the year, the Commerce Department has said. Strong exports of cars, computers and machinery were offset by imports, particularly of more expensive oil.

Thursday, June 9th 2011 - 08:56 UTC

Uruguayan government divided over implementation of a new tax on farmland

President Mujica and Vice-president Astori will try and reconcile positions

The Uruguayan government is trying to decide how to implement a controversial new tax on land holdings involving approximately 60 million dollars per annum and which has exposed deep differences in the ruling coalition, is rejected by farmers and feared by investors.

Thursday, June 2nd 2011 - 04:25 UTC

Blatter re-elected unopposed; proposes deep reforms for FIFA to fight corruption

A relieved Blatter thanks the 186 votes and no recrimination with the English

Sepp Blatter was re-elected on Wednesday unopposed for a fourth term as FIFA president, shrugging off the scandals that have hit world soccer's governing body to secure another four years in charge.

Monday, May 30th 2011 - 05:33 UTC

Miami Herald sells HQ in downtown to a hotels and cruise line group

The Malaysian group owns 50% of Norwegian Cruise Lines

The publishing company of the Miami Herald, McClatchy Co. (MNI) sold a 14-acre parcel of Miami prime land for 236 million US dollars to Genting Malaysia, a sale begun six years ago by then- independent Knight Ridder Inc.

Friday, May 27th 2011 - 12:38 UTC

Impact investment fund targeting low-cost housing in Brazil launches in London

David Palumbo, Director of Origen Private Equity Ltd.

Origen Private Equity Ltd., a boutique investment firm headquartered in London, is launching in June what is set to be the first impact investment fund developing low-cost housing in north-east Brazil in conjunction with the Brazilian government's Minha Casa Minha Vida programme.

Friday, May 27th 2011 - 08:48 UTC

Real estate operations in Punta del Este reached 2.25 billion USD in 12 months

The Atlantic resort ever more attractive for investors and Mercosur tourists

Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.

Sunday, May 22nd 2011 - 23:54 UTC

Spain’s Mr Zara is buying one acre site in London’s West End for £ 220m

Amancio Ortega ready to take over Jubilee House at 197-213 Oxford Street

Spain’s Amancio Ortega, the co-founder and former chairman of retail giant Inditex, is splashing out on a 1 acre “island site” on London’s Oxford Street for around £220m according to Property Week.

Sunday, May 22nd 2011 - 23:41 UTC

Ukraine’s richest man pays highest price for London residence: £ 136.4 million

The son of a coal miner Rinat Akhmetov built a conglomerate Metinvest with an estimated net worth of 16 billion USD

Ukraine’s richest man, Rinat Akhmetov, has paid the highest price for a UK residence, buying an apartment in the One Hyde Park development in Knightsbridge. Land Registry documents show that two properties on the seventh and eighth floor of the luxury development have been bought by a single buyer, the total consideration amounting to £136.4m.

Thursday, May 12th 2011 - 18:32 UTC

Brazilian president promises land reform and distribution for family settlers

In Brazil 2% of the population holds over 50% of the best farmland

Brazilian president Dilma Rousseff claimed that land reform was needed to eradicate poverty, avoid overcrowding in urban areas and as a matter of justice for the long delayed distribution of land.“

Friday, May 6th 2011 - 06:02 UTC

Argentina leading steelmaker clashes with government over company control

Cristina Fernandez and Paolo Rocca, head of Techint group

A planned dividend payment by Argentine steelmaker Siderar was blocked by a judge on Thursday in the latest twist in a row linked to President Cristina Fernandez de Kirchner government's efforts to tighten control over leading companies.

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