Snapshot on world property, October 2000

Latest: Shanghai underground network, US home ownership at record level, Australian construction workforce slump forecast. 31 October 2000 Shanghai is to add 11 underground rail lines to the existing two, to relieve congestion in the city of 13 million people. 28 October 2000 US home ownership has reached a record 67.7%, according to the Department […]

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Snapshot on world property, week to 13 April 2003

10 April 2003 Centro Property Trust’s management company applied to the Australian takeovers panel today for a declaration on whether its takeover bid for AMP Shopping Centre Trust (No 1) would trigger pre-emptive co-ownership agreement rights enabling AMP Life Ltd to take over a large slab of the shopping centre trust’s portfolio. The Australian Stock […]

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Snapshot on world property, week to 6 April 2003

1 April 2003 The hostile takeover bid by Simon Property Group and Westfield America Trust for Taubman Centers Inc is faltering. The bidders got tenders for 40.3 million shares at their $US20/share offer price by 28 March, but Taubman said they needed support from at least 56 million of the 84 million shares (two-thirds) to […]

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Snapshot on world property, week to 7 October 2001

6 October 2001 Equity Office Properties, biggest real estate investment trust in the US, has revised its earnings expectations for 2002, cutting the expected range of fully diluted funds from operations (FFO) from $US3.57-3.62/common share to $US3.40-3.50, a cut of 4.8-3.3%. The trust will release its third quarter 2001 result on 30 October. Equity Office […]

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Snapshot on world property, week to 8 September 2002

8 September 2002 Cleveland-based Forest City Enterprises Inc’s net earnings fell 18% in the second quarter to $US12.7 million, or 26.4% to US25c/share, but the company wasn’t fazed, saying earnings before depreciation, amortisation & deferred tax (ebdt) gave a more consistent picture. Ebdt rose 17.8% to $US43.6 million, or 8.8% to US87c/share, on consolidated revenue […]

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Snapshot on world property to July 2000

Welcome to SNAPSHOTS WORLD PROPERTY. The SNAPSHOTS series is designed to keep you abreast of events without providing much detail. This series is organised into property and more general business news, locally and internationally. 29 July 2000 Trading in flats, is up again in Hong Kong, a month after Chief Executive Tung Chee-hwa revealed he […]

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Snapshot on world property, August 2000

28 August 2000 Major inner-city developments inSydney will all go through a design competition process if the city council does the expected tonight and okays a development control plan devised four years ago. Projects will need designs to be tendered from at least three firms. Australian retirement home operator and developer Primelife Corporation increased revenue […]

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Snapshot on world business, week to 18 January 2004

14 January 2004 The oil companies stand accused, in New Zealand, of profiteering by not cutting fuel prices to match a currency gain, then suddenly raising prices. US resources investment specialist John Myers, quoted on Daily Reckoning, gives a few reasons why prices generally may rise: The US has 5% of the world’s population but […]

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