Pam Golding Properties has extended its global reach by establishing a presence in Paris - in prime location in the heart of the 7th arrondissement, a highly sought-after, upmarket central district in France’s capital city.
Hammerson plc ("Hammerson") today announces that, following the clearing of the City of Paris pre-emption right, it has completed the sale of the 75% stake in the Parisian shopping destination Italie Deux to AXA Investment Managers - Real Assets for €430m (£362m)*.
Globally, people are prepared to pay a premium for properties in suburbs that have good schools, says Gareth Bailey, Pam Golding Properties area principal for Durban Coastal.
France’s Unibail-Rodamco is Europe’s largest commercial landlord and is now expected to become the world’s largest shopping centre operator with its bid to buy Australian-listed retail property empire Westfields.
London has beaten New York for the second year in a row as the most important city for the ultra-wealthy, according to Knight Frank’s Wealth Report, an annual analysis of wealth flows and property investment around the world.
"With the start of the Six Nations Championship, we decided to take a timely comparative analysis of the prime capital city residential performance for each of the competing nations", Knight Frank says.
Even in the midst of widespread indebted households and more affordable home downscaling, there are still those who don't have such modest concerns when it comes to a roof over their heads.
There is no question that government and the private sector’s inner-city regeneration efforts in Johannesburg have begun to pay off. And the pay-off has not just come in the way of new retail space and successful redevelopments.
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