Real estate

March 13, 2018


KONE Wins Order for ICD Brookfield Place in Dubai

KONE Corporation, a global leader in the elevator and escalator industry has won the order to supply 46 elevators and 5 escalators for ICD Brookfield Place in Dubai, United Arab Emirates.

The 54-storey, 282 metre-high ICD Brookfield Place, will contain more than 950,000 square feet of Grade A office space and connect to a 150,000 sq ft, five-storey retail centre. There will also be an 21,000 sq ft public area"...

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March 12, 2018


Uganda Engages Kenya On Its Property in Mombasa

Uganda is negotiating with Kenya on the lease of its property on the Kenyan coast as Nairobi implements a new land law that prohibits foreigners from owning property near territorial borders.

An audit report flagged property owned by the Uganda government in Mombasa, warning it might lose them.

This includes a block of commercial flats held by the Uganda Property Holdings"...

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March 11, 2018


Continental Investments launches Dh1 billion Rukan Residence in Dubai Land

Continental Investments launched their newest project, Rukan Residence, which offers upscale living in Dubai inspired while taking inspiration from the culture of the UAE. This was during a ceremony which took place yesterday night in Armani Hotel, Burj Khalifa, under the slogan “Breathe the aroma of life”. Businessmen, officials from the public and private sector, some elites from the media, artists and social media practitioners attended the launch ceremony.


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March 8, 2018


StanChart reaches provisional agreement to sell Real Estate unit to Actis

Standard Chartered (STAN.L) has reached a provisional agreement to sell its real estate investment unit to private equity firm Actis, the bank’s Chief Financial Officer Andy Halford told Reuters on Wednesday.

A logo of Standard Chartered is displayed at the financial Central district in Hong Kong, China November 23, 2017. REUTERS/Bobby Yip


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March 6, 2018


Real estate to test blockchain tech on land transactions

Real estate firm Land Layby is set to introduce Blockchain technology in Kenya’s real estate sector to help people acquire and sell land transparently.

Land Layby Chief Innovation Officer Peter Tole says the firm is set to roll out a Minimal Viable Product (MVP) for a blockchain-powered land registry by April 2018.


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March 6, 2018


Boehringer Ingelheim and Lilly expand heart failure programme for empagliflozin with new exercise capacity trials

  • EMPERIAL clinical trials will evaluate the effect of empagliflozin on exercise ability and heart failure symptoms in people with chronic heart failure1,2
  • EMPERIAL is part of the most comprehensive clinical trial programme of an SGLT2 inhibitor in chronic heart failure3,4

(AETOS Wire) -- Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) today announced plans to expand their"...

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March 5, 2018


Women Urged to Invest in Real Estate

The Chief Executive Officer, Fine and Country West Africa, Mrs. Udo Okonjo has urged women to take advantage of investment opportunities in the real estate. She made this call at an executive breakfast meeting where she engaged a few highflying career women and some driven millennials. Okonjo who has successfully been at the forefront of encouraging women towards investing in real estate through the Finer wealth series which is in its fourth year, has also introduced ‘Finer Wealth Investment Club’ which aims at giving accurate real estate investment advice and wealth management through a partnership with FBN quest. Okonjo said: “Fine and Country is going to be 10 years and over those years almost 50 percent of our clients have been women. “And it is interesting the way women invest, so even when they have money, there is always this sense of reluctance, discomfort......

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March 2, 2018


Six Senses Kitzbühel Alps High-End among International Luxury Properties

(AETOS Wire) -- The pinnacle of international luxury properties. This exceptional project comprises exclusive chalets and condominiums affiliated with Six Senses Kitzbühel Alps, an exquisite luxury hotel. Now Kitzbüheler Alps Projekt GmbH has another renowned cooperation partner on its side: Sotheby’s International Realty. These successful global realtors will handle the international marketing of the private residences. Building permits for this unique construction"...

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February 25, 2018


Oriental Pearls makes final shortlist in three categories at Gulf Real Estate Awards

Oriental Pearls Real Estate Development, have made the final shortlist in three different categories at the prestigious Gulf Real Estate Awards 2018, for their trend-setting, premium development for upscale living, Royal Pearls, that is rapidly taking shape in Dubai's Meydan One district. The Gulf Real Estate Awards is among the region’s most prestigious awards that recognises and rewards excellence in the extremely competitive real estate sphere in the GCC region. Oriental Pearls have made the shortlist in three categories - Best Real Estate Project (Luxury residential), Best Real Estate Project (Off-plan) and Best Architectural. The shortlisting was made following a thorough evaluation of their submitted entry by a panel of independent judges. The shortlisted candidates will now make individual presentations over the two day finals on March 20 and 21, following which the winners......

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February 19, 2018


Non-Tanzanians now eligible to buy property in Zanzibar

The East African nation is, for the first time in history, allowing non-Tanzanian residents to invest in property on the tropical island which, coupled with strong economic growth, is expected to boost the property market.

According to a 2017 Africa Report by Knight Frank, Tanzania is one of a small group of African nations to have maintained more than five per cent GDP growth in 2016, as it is an importer of commodities, and so benefitted from"...

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