Press Releases
The latest press releases to come from the overseas property market - read what they have to say about what!

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A new event to be held in Moscow on 11th & 12th November aims to help international agents break into the potentially lucrative Russian buyer market.

Russian Summit brings together some of the biggest agents working in international real estate in Russia such as Intermark Savills, Knight Frank Russia and Gordon Rock; with an audience of international agents and developers from destinations across the globe.

Ashley Rigg, director of co-organizer Globaledge.co.uk believes the event is an industry first:

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Greater China leads regional growth in demand for premium office

4 August 2010 Asia – Asia’s leading commercial centres recorded impressive growth in office demand in the second quarter of 2010 as the steady regional economic recovery encouraged multinational companies to reactivate expansion plans suspended earlier after the onset of the global financial crisis, according to a leading international property consultants CB Richard Ellis.

Led by strong growth in Greater China, overall office rents in Asia rose 2.1% in the second quarter of 2010, ending seven consecutive quarters of decline. Overall vacancy declined by 90 basis points quarter-on-quarter to 10.9%. The increased level of enquiry for office space during the second quarter did not immediately translate into leasing transactions. However, this suggests that the leasing market will remain active over the coming quarters.

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Enormous investment opportunities lay in the emerging superpower, says Cityscape Asia 2010

China holds enormous opportunities for investment as its economy surges, say leading economists and investment experts at Cityscape Asia 2010 in Singapore yesterday. Speaking at a keynote session on evaluating the economic outlook for China 2010 and beyond, David Wong, Chief Economist at Shui On Land, said the Asian giant is a market that investors can no longer afford to ignore. “China is undisputedly growing in relevance. Early government intervention and lower levels of debt compared to its western counterparts helped it to weather the financial storm better than most.”

 

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Asia said to be the hot new region for investment opportunities at Cityscape Asia 2010

Asia is today an exciting investment destination, due to stronger fundamentals and a lack of dependence on foreign demand, say leading economists and investment experts at the opening day of Cityscape Asia 2010 in Singapore today. More than 3,000 real estate developers, investors and regulators are expected to attend the annual real estate exhibition and conference over 18, 19 and 20 May at the Singapore International Convention and Exhibition Centre at Suntec City.

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Yoo, the international design and marketing company, announces this month the completion of its first resort development in Puerto Vallarta Mexico, Icon Vallarta, and the launch of a landmark residential project 30km outside Buenos Aires, Argentina.

Designed by yoo inspired by Starck, the projects are part of yoo’s distinctive architecture and interiors portfolio making a strong impact in the Americas: yoo made headlines in 2004 with the launch of Icon South Beach in Miami, and continued to make news with Downtown by Starck, the redevelopment of the landmark JP Morgan building on Wall Street, New York City, which was 90% sold within 21 days of its launch. Yoo currently has 11 projects in North, Central and South America with a combined value of US$2.5 billion.

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Singapore – For Immediate Release, 29 March 2010: World’s largest B2B real estate investment & development exhibition and conference returns to Singapore – investors look to Asia for new opportunities post-recession

As economies show signs of recovery, the global property world is gradually turning its attention to Asia to uncover new opportunities in the regional investment landscape, say the organizers of the world’s largest international real estate investment event, Cityscape.

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PARSIPPANY, NJ and LONDON–(March 10, 2010) – Sotheby’s International Realty Affiliates LLC today announced the signing of an exclusive 25-year licensing agreement for the United Kingdom with Countrywide, the U.K.’s largest estate agency and property services group.

Under the agreement, Countrywide has the exclusive license to the Sotheby’s International Realty® brand across the United Kingdom and Channel Islands. Countrywide will create a new subsidiary called United Kingdom Sotheby’s International Realty to operate its new luxury brokerage business in those regions. As part of the transaction, Countrywide acquired the Sotheby’s International Realty – London office in Mayfair, previously owned and managed by NRT LLC, the largest owner and operator of real estate brokerages in the United States. The office will be renamed London Sotheby’s International Realty.

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aigroup_logo FOR IMMEDIATE RELEASE: Mar 03, 2010- Russia’s aigroup will host the nation’s first ever Moscow Golf & Luxury Property Show, a two-day extravaganza which will kick off on April 23. Some 5,000 guests are expected to attend the event, which will unite the Moscow Golf Show with the Moscow Luxury Property Show, to create a dynamic networking platform for overseas developers and agents looking to target high net worth Russian clients while uniting luxury property clients with their favorite pastime: golf.

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St. Petersburg, Russia’s second largest city and the fourth largest city in Europe. With a  population of 4,750,000 and the North West region of Russia with a total population of 14.3 million, it has recently become a target for overseas property companies. The progressive local government continues to attract many multinational corporations to re-locate there (Ford, Toyota, GM, Nissan, GE, Coca Cola, Wrigley, Lucent Technologies etc) the economy of the region is growing fast.