Opportunity coming out of africa, developer predicts
Property Wire - St. Albans,England,UK
Kensington Real Estate, a Dubai-based developer, says it is targeting the continent for future projects. The company is planning major projects worth $5bn by 2011 across different locations including Qatar, Morocco, Australia and India, said company director Ashish Thakkar....'Africa is where our aggressive focus is. We're looking at hotel and development projects there. It's the next big thing. What India and China were five years ago is what Africa is today. ...
Property Wire - St. Albans,England,UK
Kensington Real Estate, a Dubai-based developer, says it is targeting the continent for future projects. The company is planning major projects worth $5bn by 2011 across different locations including Qatar, Morocco, Australia and India, said company director Ashish Thakkar....'Africa is where our aggressive focus is. We're looking at hotel and development projects there. It's the next big thing. What India and China were five years ago is what Africa is today. ...
Foreign investors are waiting for signs of distress
Washington Business Journal - Washington,DC,USA
When John Kevill walked into a German real estate client's office last fall, he was only mildly surprised by what he saw on the wall: maps of D.C. and Northern Virginia.... Fadi Moussalli, managing director of the international capital group in Jones Lang's Dubai office in the United Arab Emirates, was on the tour to discuss Gulf investors' real estate fetishes. ...Because the D.C. commercial market is not in desperation mode, those investors are still sitting in the bleachers, waiting for prices to drop and sellers to beg....
Washington Business Journal - Washington,DC,USA
When John Kevill walked into a German real estate client's office last fall, he was only mildly surprised by what he saw on the wall: maps of D.C. and Northern Virginia.... Fadi Moussalli, managing director of the international capital group in Jones Lang's Dubai office in the United Arab Emirates, was on the tour to discuss Gulf investors' real estate fetishes. ...Because the D.C. commercial market is not in desperation mode, those investors are still sitting in the bleachers, waiting for prices to drop and sellers to beg....
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