Thursday, 06 March 2025

Investing

Brazil's PDG Realty shares rise on new offer

Shares of PDG Realty, Brazil's largest home building company, rose on Monday following an offer from a local private-equity firm.

TEXT-S&P summary: Japan Retail Fund Investment Corp.

These strengths, however, are tempered by JRF's somewhat weak financial profile compared with its business profile, given that its debt-to-capital ratio remains slightly high, at a level near the upper end of the target range set under its financial policy. We view this as a risk factor for the J-REIT's credit quality.

Goldman readies lower-risk return to Japan property

Goldman Sachs is returning to the Japanese property market after a four-year hiatus, looking to raise as much as 400 billion yen ($5 billion) over four years for a privately held real estate trust, a source said.

EDITOR'S PICKS

Lehman to acquire rest of Archstone for $1.58 Bln

Lehman Brothers Holdings Inc said it would acquire the remaining 26.5 percent of apartment company Archstone that it didn't already own from Barclays Capital and Bank of America Corp for almost $1.6 billion, putting an end to a dispute with the banks over the price
By Staff Reporter
Canada home prices rise 5.2 pct in April: CREA

Canadian home prices climbed 5.2 percent in April from a year earlier, boosted by strong gains in the Toronto market as well as increases in Vancouver and Calgary, the Canadian Real Estate Association (CREA) said on Friday.
By Staff Reporter
Asia private equity funds line up dollars for Myanmar

Hong Kong's Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted.
By Staff Reporter
Goldman Sachs to invest $1.3M in Japan real estate this summer

Goldman Sachs Group Inc. announced plans to launch a private real-estate investment trust in Japan this summer, according to news reports.
By Staff Reporter
Chinese developers face survival test as funding crunch intensifies

The funding crisis for mainland Chinese property developers is intensifying, ratings agencies say, with real-estate builders facing spiking borrowing costs and a limited ability to raise cash at a time when sales and economic growth are slowing.
By Staff Reporter
China disperses $10 bln of public housing funds

China's Ministry of Finance said on Thursday it had given 66 billion yuan ($10.5 billion) to local governments to help build public housing for rent, one of five categories of state-subsidised affordable housing.
By Staff Reporter
Trump Flies into Ex-Soviet Georgia For Tower Project

American property mogul Donald Trump flew into the former Soviet republic of Georgia on Saturday to expand his global real estate empire, lending his name to a glitzy tower on the Black Sea coast there.
By Staff Reporter
Trump Says Makes Turkey Investment Priority

Trump says makes Turkey investment priority A hotel of Turkey American property mogul Donald Trump declared Turkey an ideal investment destination and said on Friday he expected to collaborate more with the Turkish owners of the city's Trump Towers.
By Staff Reporter
Haitong To Raise $1.68 Billion In World’s Biggest IPO In 2012: Report

Haitong Securities Co. (SHA: 600837), China's second-largest brokerage by assets, raised HK$13 billion ($1.7 billion) in the largest public offering in the world so far this year, media reports said Friday, citing people familiar with the matter.
By Staff Reporter
Spain and France Still Top Destinations for UK Second Home Owners

Spain and France are still the top destinations for British people buying a second home abroad, according to the latest search report from Rightmove Overseas. Some 21.01% of searches for overseas property were for Spain followed by 17.91% for France and 12.06% for the US.
By Staff Reporter