The Australian
7 November 2009
Goodman Holdings has sold almost 70m ordinary securities in property trust Goodman Group as part of a family reorganisation. “Greg Goodman remains committed as group chief executive officer and to the development and growth of GMG,” Goodman Group said yesterday. Goodman Holdings retained 5,995,922 ordinary shares and 9.7m options in GMG.
The Standard (Kenya)
9 November 2009
The National Social Security Fund has issued a directive requiring prospective buyers at a new housingdevelopment to raise the full purchase price upfront in the next 10 days. The directive raises the value of the 674 homes at Nyayo Embakasi – initially intended for low and middle class families – by between Sh250,000 and Sh550,000 (£2,100 and £4,625), and requires potential buyers to raise between Sh4.4m and Sh6.25m (£37,000 and £52,570) between today and Thursday.
South China Morning Post
10 November 2009
People’s Bank of China, the Chinese central bank and banking regulator, may soon adopt measures to cool the sizzling property market, a Shanghai official said. The actions are expected to include mortgage rate rises, a reduction of leverage ratios, and an increase in deposit reserve ratio requirements.
New Zealand Herald
10 November 2009
New Zealand’s largest listed commercial and retail landlord is considering building the country’s biggest office development for years. The NZ$1.8bn Kiwi Income Property Trust is mulling a NZ$130m (£5.7m) office tower in Auckland. Buffy Gill of investment bank Goldman Sachs JBWere said the deal looked “relatively attractive” because Kiwi Income had negotiated with a single tenant on an 18-year lease.
Moscow Times
10 November 2009
Alfa Bank will receive about 80ha of land from companies connected to property developer RIGroup to settle an overdue debt. The bank will receive the plot in Moscow’s Istrinsky district, according to a Moscow Region Arbitration Court ruling, after it was put up as collateral for a R473m one-year loan by finance company MosOblTrustInvest (or MOITK), which is currently in bankruptcy proceedings.
