Real Estate

Real Estate
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.

Wednesday, May 4th 2011 - 18:32 UTC

Montevideo apartment prices surged 22% over the year, says Global Property Guide

“No asset bubble in Uruguay” says Dr. Juan Federico Fischer, Managing Partner at LVM Attorneys at Law

With Uruguay’s economy growing at 8.5% in 2010 and managing to skip the 2009 slowdown with a 2.86% expansion, the housing market in the capital Montevideo is going through an excellent moment according to Global Property Guide based on info from local appraisers.

Tuesday, April 26th 2011 - 05:49 UTC

Price of farmland in Uruguay increased on average 13% during 2010

In 2010, a total of 350.000 hectares of farmland changed hands

The average price for a hectare of farmland in Uruguay during 2010 increased 13% and reached 2.650 US dollars. The average farmland hectare in 2009 was 2.239 USD.

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