Karen Day
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Hong Kong new home sales set for record
Private new home sales in Hong Kong are expected to total HK$175 billion this year, the highest in the history of the data, an executive at privately owned realtor Centaline…
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Dubai Investments plans property projects
Dubai Investments PJSC is looking to take advantage of a recovering local property market, planning developments totaling some 10 billion dirhams over the next five years.
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Lower home sales, mortgage approvals in the UK
Fewer than 100,000 homes were sold in the U.K. in November, the first time in a year that sales have fallen below this level.
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Jump in number of retailers in significant distress
There has been a 54% increase in the number of U.K. retailers experiencing “significant” financial distress since last Christmas, data from professional services consultancy Begbies Traynor shows.
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Alliance Boots, Walgreens merger ahead of schedule
The merger of Alliance Boots and U.S. pharmacy chain Walgreens is set to complete ahead of schedule at the end of the year.
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Shares in Thorntons fall on profit warning
Shares of chocolate-maker Thorntons fell after the company issued a profit warning, citing lower supermarket orders and supply issues.
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Mansion tax a key priority for Labour
A mansion tax would be a key priority if the Labour party proved successful in next year’s general election, Ed Balls, the shadow chancellor, said.
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Ecommerce forces logistics change
With logistics companies coming under increasing pressure over delivery deadlines, retailers and distributors are being forced to consider changes to their property portfolios.
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Sales at John Lewis fall
Sales at John Lewis department stores fell 2.4% on the year to £160.6 million in the last full week before Christmas, with sales of electrical items down 11%.
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BlackRock survey shows real estate investment set to rise
Nearly half the 201 fund managers surveyed by BlackRock Inc. expect to increase real estate investment in the next 18 months.
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Black Knight Financial Services files for IPO
Mortgage-data provider Black Knight Financial Services has filed for an initial public offering.
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Chairman to sell Greentown stake to China Communications
Shares in Greentown China Holdings have jumped following news of the sale of a 24% stake in the company to state-owned construction firm China Communications Construction for HK$6 billion.