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Breaking News
Breaking news are brought to you by RFP Magazine
| Hong Kong retail and office markets still growing strong Both rental and capital values will continue to grow across all real estate markets in Hong Kong , according to Colliers International. |
| RMJM and Hillier merge to create global design studio On 19 June, RMJM, one of the worlds largest architectural practices and Hillier, one of the largest design practices in the US, announced plans to merge the two businesses into a single entity. |
| First US company buys building in BJ Finance Street Excel Realty Holdings, LLC, a San Diego-based real estate development, investment and management firm, has announced it has completed the acquisition of a grade A, 17-storey office tower |
| JLL and Trammell Crow Meghraj plan to merge India operations Merged Entity, Named Jones Lang LaSalle Meghraj, Will Be the Largest Real Estate Services Firm in India. |
| SLA receives strong bidding for office space tenders The Singapore Land Authority (“SLA”) has received strong bidding for office space in its latest tender and finally awarded ERC Holdings Pte Ltd. |
| Construction behemoths pair up to take on the Indian market Leighton Asia (Southern) and Emaar MGF Land PVT Ltd have announced the formation of a US$2.5 bil joint venture partnership. |
| Leading RE firm makes a move as Vietnam market heats up Vietnam 's leading RE firm, Chesterton Petty Vietnam, has announced that it will re-brand as Savills Vietnam Ltd. effective Saturday June 2, 2007. |
| Indian IPO to generate cash for RE investment given go-ahead On 24 May DLF Limited, a leading Indian real estate company, filed its prospectus with the Indian Registrar of Companies for its long awaited initial public offer. |
| Asian business willing to pay for greener options A sustainability survey conducted by Jones Lang LaSalle in collaboration with CoreNet Global has revealed that 64% of respondents from the Asia-Pacific are prepared to pay a premium for greener real estate. |
| MGM Mirage gambles on the China hospitality market MGM Mirage, the US hotel and gaming company, has entered an agreement with the Diaoyutai State Guesthouse in Beijing with a view to pursuing non-gaming business in China . |
| Getting Rationality into Hong Kong's Urban Planning A group of Hong Kong citizens are objecting to a proposed development in the popular tourist area of Soho , near the Central business district. Members of the Central & Western Concern Group have filed a petition with five key points outlining their objections. John Batten, who is leading the efforts. |
| Selling Macau A huge wave of new luxury mixed-use casino developments in construction, developers has left developers also gambling on a retail boom to match the gaming explosion. |
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Taiwan institutional market in good health |
| Chinese Government recognises IFMA and the FM profession The Occupational Skills Testing Authority (OSTA) of the Ministry of Labor and Social Security, People's Republic of China (PRC) awarded in April the certifying document bearing the PRC's official seal signifying that the Chinese government recognises facility management as a distinct discipline and career pursuit. |
| LaSalle Investment Management Expand their Asian Real Estate universe David Edwards, Regional Director for Investment Strategy at LaSalle Investment Management, outlined his organisation's approach to the Asian Market for 2007 at the Hong Kong Grand Hyatt on 26 February. |
| Casino developers poised to enter Vietnam market The Canadian firm Asian Coast Development Ltd is proposing a US$4 bil Resort and Casino two hours east of Ho Chi Minh City in Ba Ring Vung Tau province, southern Vietnam . |
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Good news for Islamic investors |
| Emaar and MGF bid for Singapore 's RSH The largest Arab property developer by market value, Emaar Properties and Indian real estate developer, MGF Group, through their joint venture company Golden Ace Pte Ltd, have announced their plans to make a S$370 mil bid worth S$1.05 per share to acquire 76 percent in RSH Limited. |