Commercial Property News Archive for 09-Aug-2007

Briefing - ASIA Real Estate - Aug 8, 2007 (Asia Pulse via Yahoo!7 News)

Singapore-based Ascendas Pte Ltd, Asia's leading business property developer, yesterday launched two China-focused private equity funds totaling $924 million to invest in the country's booming industrial and commercial property market.

P/C market continues softening trend: MarketScout (Business Insurance)

DALLAS?Commercial property/casualty insurance rates fell an average 14% in July compared with a year earlier, MarketScout reported late Monday. The drop matched a 14% reduction in June, according to the Dallas-based electronic insurance exchange.

Commercial property funds win tax concession (Financial Times)

Tax-sheltered investors in commercial property funds are to be granted a timely income boost after the government this week proposed to scrap an onerous levy on the sector.

Fairfax Co. Debates Higher Commercial Property Taxes (WTOP Radio Network)

The Board of Supervisors will vote next month for the tax on retail, office and warehouse properties.

A global property boom Russian style (Independent)

Forget London, New York and Tokyo. The place to be for booming commercial property development right now is Moscow. According to international property analyst Knight Frank, new developments of high-grade office space in the Russian capital have doubled since 2003, with a further 1.5m square feet of space becoming available before 2011.

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