Real estate

April 6, 2014

1

1.6 million housing units to be built from 2015 to 2019

Ministry of Housing, Urban Planning and City will build during the next five year (2015-2019) a total of 1.6 housing units of different types as part of the investment plan budgeted at DZD4500 billion, said the ministry.


According to the report of 2010-2014 plan and the sector’s prospects by 2019, the expected budget for this programme will decrease if there is an easy access to land in the southern and high plateaux provinces.


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April 1, 2014

2

TIAA-CREF Successfully Closes Real Estate Joint Venture with Henderson

Completes Acquisition of Henderson’s North American Property Business


TIAA-CREF, a leading financial services provider, today completed the successful launch of its previously announced real estate joint venture with Henderson Global Investors (“Henderson”), one of Europe’s largest investment managers.


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March 23, 2014

3

Abdelmadjid Tebboune: 'No increase in 'AADL 2' houses' prices'

Minister of Housing and Urbanism, Abdelmajid Tebboune, announced on maintaining the prices that were approved in AADL 2 houses' program, denying any increase in the price that was set at 270.000 ZDZ for the first part of the four rooms' apartment, and 21 million for the three-room apartment.


Abdelmadjid Tebboune refuted the rumors on the relationship of Bouteflika's Electoral campaign with the process, as he confirmed that his services"...

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