Dubai state-controlled investment company Istithmar appeared to have won the battle to buy Barneys, the New York department store, after raising its offer to $942m. Rival bidder, Japan’s Fast Retailing, withdrew.
Developer teams up with investment manager to expand its build-to-rent portfolio across Western Europe.
Investment volumes in the EMEA real estate market could double in Q4 compared with the numbers registered in Q2 and Q3 thanks to improved market sentiment and delayed deals from earlier in the year finally concluding, according to a capital market expert at Colliers International.
The industry has reacted with anger to the government’s abrupt U-turn on its ‘back to work’ plan – as many property agencies vowed to keep their offices open regardless.
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