News / Global
Dubai to Build a $5 bn Resort Inside Moon Replica
Canadian entrepreneur Michael Henderson, Co-founder of Canadian Moon World Resorts company, seeks to build a simulated moon model, 274 meters high, on top of a 30-meter building in Dubai, Invest-Gate reports.
Chinese Real Estate Brokers Need to Reduce Fees
Housing regulator explains that Chinese real estate brokerage agencies need to implement reasonable reductions to fees for housing transactions and leasing services to promote healthy sector development, Invest-Gate reports.
Charlie Munger: “U.S. commercial property market is in trouble.”
Charlie Munger believes there is trouble ahead for the U.S. commercial property market, Invest-Gate reports.
Evergrande Extends Deadline for Restructuring Support Agreement
Evergrande Group extends the deadline for debt holders to receive compensation to support the faltering real estate development company’s restructuring plan by three weeks, as it has not yet obtained sufficient support for comprehensive reform.
UK House Prices Growth Slows Amid Oversupply
The UK property market is experiencing a slowdown in growth, with average asking prices rising only 1.7% from last year to £366,247 ($454,570) in April, Invest-Gate reports.
GROHE SPA Showcases GROHE SPA Brand at Milan Design Week
GROHE, a leading global brand for bathroom solutions and kitchen fittings, showcases its revitalized GROHE SPA sub-brand at Milan Design Week, Invest-Gate reports.
Default Threat Pushes British Banks to Reduce Mortgage Loans
BOE's quarterly survey of credit conditions shows that the availability of housing loans will be reduced in the second quarter. Lenders say that default rates on mortgages, unsecured credit to households, and loans to small and medium-sized businesses rose in the first quarter and are expected to increase further.
Blackstone Raises $30.4 bn for Real Estate Fund
Blackstone Inc raises $30.4 bn for its latest global real estate fund as the private equity behemoth looks to double down on the industry, Invest-Gate reports.
US Commercial Real Estate Debt Hits $1.5 tn
The investment bank estimates that valuations of retail and office properties could drop 40% from peak to trough, increasing the risk of default.
Minister of Youth and Sports Witnesses Strategic Partnership Announcement Between ZED F.C, Aston Villa
Ashraf Sobhi, Minister of Youth and Sports, witnessed the announcement of ZED’s F.C partnership agreement with the English club Aston Villa to benefit from their sports and administrative experiences that reach nearly 150 years, to develop the level of coaches and players in ZED, and providing an opportunity for outstanding talents to be international players in addition to preparing administrative cadres that contribute to the advancement of Egyptian sports.
