Westfield is to buy the remaining 50% of the retail component of New York’s World Trade Centre for around $800m.
In the next 10 years, 100 million more students will access higher education globally.
Knight Frank’s latest Global Development Insight report, which takes into account the buying habits of high net worth individuals around the world, confirms that the Chinese are the most influential buyer nationality in the world’s prime new-build sector.
Reed MIDEM – the organiser of the MIPIM property conference in the south of France – has announced plans to launch MIPIM UK in London in October 2014, and unveiled a high-profile advisory committee.
Chinese investment firm Fosun International has bought 1 Chase Manhattan Plaza in New York for $725m (£447m) from JP Morgan.
It was hard to come up with a description of the overall mood at MIPIM this week. Numbers were up — to an estimated 20,000 — but it felt more subdued.
When Nick Leslau first started his column in Property Week, 10 years ago, he had been credited as one of the best “callers” of the previous property cycles.
As my TGV rolls out of a distinctly chilly Cannes and along the shores of an iron grey sea (it’s not all lemon blossom and almond cakes down here!), what did this MIPIM’s runes say about the market’s future:
As a MIPIM newbie, I came to Cannes to showcase Canary Wharf Group’s Level39 Technology accelerator space, using the state cool graphics on the East London Stand’s media wall.
The Euro area has finally emerged from recession, although the recovery remains fragile.
The chief executive of British Land, Chris Grigg, tackles the criticism levelled at UK property companies and explains how relevant they are to the international investment community.
“Volumes of sales can be sustained and I welcome foreign buyers,” says Nine Elms programme director, Helen Fisher.