Real estate

October 17, 2018

1

BP awards KBR FEED contract for Tortue project in Senegal

American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub/Terminal development located on the maritime border between Senegal and Mauritania.

The agreement contains a mechanism to allow transition of the contract to an Engineering, Procurement and Construction Management (EPCM) contract at a later"...

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October 17, 2018

2

Square Yards Emerges As One Of The Largest PropTech Players In UAE Real Estate Market

(AETOS Wire) -- Global real estate aggregator, Square Yards, today announced that it has crossed AED 2 Billion in Gross Transactional Value (GTV) in UAE, emerging as one of the largest PropTech players in the country. The company registered phenomenal growth in all three segments, namely Off-plan property (under construction developer sales), Secondary sales/leasing and Cross Border Real Estate targeting Non Resident Indians (NRIs) based in UAE. Square Yards’ Off-Plan business segment that focuses on under-construction projects in UAE clocked more than AED 300 million worth of property sales in the Jan-Sep period of 2018 registering an impressive 52% YOY growth. It has catapulted Square Yards’ position among one of the largest distributors & channel partner for most of the grade-A Dubai based property developers. The company’s Secondary and Leasing business, powered......

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October 17, 2018

3

Moody’s to Acquire Reis, a Leader in Commercial Real Estate Data

(AETOS Wire) -- Moody’s Corporation (NYSE:MCO) and Reis, Inc. (NASDAQ:REIS) announced today that they have entered into a definitive merger agreement for Moody’s to acquire all outstanding shares of Reis in an all-cash transaction valued at approximately $278 million. The transaction has been approved by the Boards of Directors of both companies.

Reis is a leading provider of U.S. commercial real"...

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October 7, 2018

4

Helsinki Building Up: Helsinki High-Rise Competition finalized

(AETOS Wire) -- The Helsinki High-rise Competition has been finalized. YIT’s proposal Trigoni has been put forward as the winner of the international Pasila Tower Area architecture and implementation competition.

The Helsinki High-rise competition, organized by the Finnish Government organization Senate Properties and the City of Helsinki, sought a high-quality design to form the basis of the city plan"...

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October 4, 2018

5

AUHF Moves to Develop Continent’s Real Estate Sector by Setting the Stage for Affordable Housing in Africa

The African Union for Housing Finance (AUHF), an industry body that promotes the development of effective housing finance markets, has reaffirmed its commitment towards the delivery of affordable housing across the continent.

In light of these developments, AUHF will hold its 34th conference and Annual General Meeting for the first time in Abidjan, Cote D’Ivoire between the 23rd and the 25th of October, 2018.

The"...

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October 3, 2018

6

Henley & Partners Publishes Comprehensive Guides to Swiss and Austrian Relocation

(AETOS Wire)-- Henley & Partners, the global leader in residence and citizenship planning, has published two new guides to relocating to Switzerland and Austria, covering a range of topics relevant to ultra-high-net-worth (UHNW) and entrepreneurial individuals interested in moving to these countries. Dr. Juerg Steffen, Chief Operating Officer of Henley & Partners and editor of both books, says the publication of the guides is timely: “Today, following seven decades of rapid globalization, there are close to 260 million people living outside their country of origin, almost 50% more than there were in 2000. With greater international connectivity and mobility comes a new community of global citizens, whose identities are dynamic and fluid. It is against this backdrop that these books have been released: relocation is a highly relevant topic in 2018.” Relocation to Switzerland:......

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October 1, 2018

7

Place-Maker IMKAN Announces New Coastal Destination ‘Aljurf’ During Cityscape Global 2018

IMKAN, a property developer with a global outlook renowned for creating soulful places that enrich lives, has announced AlJurf, a fully integrated second-home destination along Sahel Al Emarat; the riviera situated in Ghantoot between Abu Dhabi and Dubai.

Construction on the 370-hectare project boasting 3.4 kilometers of azure beachfront, and the centerpiece of IMKAN’s exhibit at Cityscape Global 2018, will begin in 2019. The master-planned"...

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October 1, 2018

8

Select Group Expands Hotel Portfolio with Acquisition in Liverpool

Select Group, UAE’s leading real estate development and investment company today announced that it has completed the acquisition of the iconic Echo Building located in Liverpool. Savills, jointly with development managers Paradigm Property Consultants sold the forward funding and mixed-use redevelopment on behalf of Reach PLC.

Situated in the heart of Liverpool’s commercial district, Echo is scheduled"...

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September 30, 2018

9

Statement on U.S. Supreme Court Decision to Hear Rimini Street Appeal for $12.8 Million

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today issued the following statement in regard to the Oracle v. Rimini Street case: Statement: “On September 27, 2018, the United States Supreme Court granted Rimini Street, Inc.’s petition for review in Oracle v. Rimini Street appealing the decision of the Ninth Circuit Court of Appeals allowing an award of non-taxable costs as part of the final judgment awarded to Oracle by the U.S. District Court for the District of Nevada. The Company’s appeal argues that the award of $12.8 million of non-taxable costs is in direct conflict with decisions in other U.S. Federal Circuit Courts and decisions of the Supreme Court. Rimini Street is seeking a refund of the $12.8 million from Oracle. Rimini Street......

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September 27, 2018

10

Select Group Acquires ‘niu Air Frankfurt Hotel’ From Project Developer GBI AG

Select Group is pleased to announce the acquisition of the 344-room niu Air Frankfurt Hotel from GBI AG, Germany’s largest hotel developer. Ideally located at Rebstock Park on Frankfurt's Leonardo da Vinci Allee, the hotel is scheduled for completion in Q4,2019.

Situated at the gateway to the much frequented exhibition grounds, the hotel will feature an innovative"...

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