Shishir Bankapur

According to a new study by Knight Frank, EC Harris, and Barton Willmore on tall residential and mixed-use buildings in London, a new wave of residential towers is expected to re-define London's skyline.  propertyfinder The study addresses the unique planning, design, and funding problems that come with building tower schemes, including the increased costs of building 'up,' but also shows that, when constructed to the correct requirements, there can be a strong cost versus value advantage of building higher in some locations across London's predominantly low-rise skyline. The price per square foot in a residential tower in London usually increases by 1.5 percent per floor, excluding penthouse apartments. As penthouses are factored in, the average increases to 2.2 percent. The cost of building 'up' incrementally increases the most in the 25-40 storey range. There are currently 25 projects in London that have one or more residential or mixed-use towers und

Brennan Investment Group of Chicago and Gatehouse Bank, plc of London bought a $155 million portfolio of industrial assets in 12 states in July. According to Real Capital Analytics' third quarter 2012 industrial survey, this investment was one of around ten industrial portfolios purchased in the third quarter of 2012. This 20-property portfolio was 100% leased to 12 tenants at the time of purchase. "Over the past year and a half, US industrial markets have demonstrated remarkable resilience, with virtually every major market reporting positive absorption and increasing occupancies," Michael Brennan, chairman and managing partner of the Brennan Investment Group, said at the time of the purchase.  qatar seal While not all sub-sectors of the industrial market are doing equally well, RCA's industrial report for the third quarter is still reasonably optimistic. According to the survey, an increase in individual industrial property sales and a decrease in average cap

Patrizia Immobilien AG (FRA: P1Z), headquartered in Frankfurt, will become one of Europe's largest commercial real estate operators as a result of the transaction. Tamar Capital Group, a London-based real estate investment and asset management firm, has agreed to be purchased by the German firm. The purchase price was not revealed in a statement from publicly traded Patrizia, but global real estate analysts believe it would be in the nine-figure range.  doha property finder Patrizia said in a prepared statement that the transaction would add around £560 million ($904 million US) in industrial, office, and retail real estate assets to its portfolio. In January 2013, Tamar, based in London, will become a fully owned subsidiary of the German firm. Financial regulators in the United Kingdom must also accept the contract. Tamar specializes in commercial real estate, with an emphasis on office, retail, and industrial properties. Tamar Capital claims to handle approximately £570 m