Commercial Property News Archive for 01-Aug-2007

Jail leased as commercial property (The Searcy Daily Citizen)

I read in Sunday?s Citizen, Sheriff Shourd is considering housing federal prisoners and illegal aliens in our new jail to make money off them. Sounds like our jail will be turned into commercial property, rented out to other law enforcement agencies. Also extra jail workers will have to be hired.

Hong Kong's Chueng Kong sells stake in Singapore property for US$622 million (The Star Online)

HONG KONG (AP): Hong Kong's Cheung Kong (Holdings) Ltd. has agreed to sell a one-third stake in a Singapore commercial property to Suntec Real Estate Investment Trust for 941.5 million Singapore dollars (US$622 million; euro455 million).

Irish spend E5bn on overseas property (Ireland Business World)

The Irish spend some E3 billion on overseas properties in the second quarter alone, and E5 billion in the half year to the end of June, the latest report from commercial property advisors Jones Lang LaSalle shows.

Colliers safe as houses as figures double (Edinburgh Evening News)

COLLIERS CRE, the commercial property consultancy group, almost doubled its pre-tax profits over the first half of 2007 - despite concerns the UK property market had already peaked.

Cheung Kong Sells Singapore Property (AP via Yahoo! Finance)

Hong Kong's Cheung Kong Ltd. has agreed to sell a one-third stake in a Singapore commercial property to Suntec Real Estate Investment Trust for 941.5 million Singapore dollars .

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