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Vietnam Empty Office Towers Show Dreams Turned to Rubble

From afar, the gleaming metal and glass edifices of Hanoi’s EVN Tower illustrate Vietnam’s rapid economic development. Up close, the rubble-strewn entrance and missing windows tell another story: one of loose lending and property speculation that now hangs over the country’s banks.

AXA Launches Tokyo Office Property Fund

TOKYO-AXA Real Estate Investment Managers has launched the Tokyo Office Property Fund. At the first close of this fund, it provides US $126-million equity to invest in mid-size Tokyo office properties.

HCMC, Hanoi among world’s most expensive for office rentals

Office rental prices in Ho Chi Minh City and Hanoi are among the world’s most expensive, according to a UK report by UK-based property market consultancy Knight Frank.

Hong Kong office rents highest in Asia, Bangkok rents lag

Bangkok office space rents remained stagnant over the past year, while Hong Kong prices are the highest in Asia. Montly office rents in Bangkok at approximately US$22 per sqm are dwarfed by the current prices in Hong Kong’s Central Business District: close to US$164 per sqm, according to the most recent data from CB Richard Ellis (CBRE) Asia Pacific Office Marketview.

Office rents in Tokyo expected to fall following the Tohoku Earthquake

Rental values in the Tokyo office market are expected to fall by 3-5% in 2011 as a result of the slowdown in demand caused by the deterioration in corporate profits following the Tohoku Earthquake, as well as the relocation and withdrawal of multinational companies. The earthquake has also increased awareness of the seismic compliance of buildings with companies moving to Grade A buildings with better seismic design, according to a research report by Jones Lang LaSalle, a professional services firm specializing in real estate.

American Real Estate Snags Four Office Properties

HERNDON, VA- American Real Estate Partners is under contract to buy two office assets in the District’s CBD, CEO Douglas Fleit tells GlobeSt.com, but further details are still come, he promises. Meanwhile, the company is also acquiring two office buildings in Richmond and Basking Ridge, NJ, both of which are new to the company.

Manulife buys Toronto office property

The Globe and Mail 30.10.2010
 
Manulife buys Toronto office property

Manulife Financial Corp. (MFC-T12.91-0.09-0.69%) has stepped heavily into Toronto’s office market, investing $82.2-million to buy a 12-story building in the city’s financial district.

 
 

 




 
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