Workers at a foreign-invested firm manufacturing mobile phone spare parts in Vietnam (Photo: VNA) Hanoi (VNA) - Vietnam has become an attractive destination for foreign investors largely due to the country's policies encouraging foreign direct investment (FDI), its political stability and strong economic growth, according to the latest report of JLL real estate services firm. Vietnam remains one of the top destinations for foreign investment in Southeast Asia, said the report. For Vietnam's real estate market, 2018 began with the acquisition of Sun Wah office tower by Nomura Real Estate Development. Nomura acquired a 24 percent stake in the Grade A office building located in southern Ho Chi Minh City. As for the residential sector, in March 2018, CapitaLand announced the acquisition of a 0.9 ha development site in Tay Ho district, Hanoi, for approximately 685 billion VND (29.78 million USD). Later, in the third quarter of 2018, CapitaLand bought a 6 ha development site in … [Read more...] about Vietnam attractive destination for foreign investors: JLL real estate firm
Who’s on the move today? AT Kearney AT Kearney, the management consulting firm, has appointed Simon Kent as global head of financial services. He joined as a partner in its London headquarters in 2013 from Navigant, where he was head of financial services. With over 25 years’ experience of advising financial services clients, Simon will be tasked with growing the firm’s footprint in the financial services sector globally and leading its investment into the sector. It has a strong track record of advising financial services brands, with a focus on the banking, insurance and payments markets, working on projects that underpin the CEO agenda and that typically involve strategic operational and digital transformation. Simon said: “Financial services companies are a vital element of the economy and a force for good when they get it right. It’s no secret that the industry has faced well-documented challenges over the past decade. It has taken – and … [Read more...] about City Moves for 28 February – who’s switching jobs at AT Kearney, JLL and Bee Midtown?
Sales Chicago-based investor Pearlmark has purchased Pleasant Creek, a 159-unit apartment property located on Pleasant Run Road in Lancaster. The apartment property is 98 percent leased. Pearlmark partnered on the acquisition with principals of Sinatra & Co. Real Estate, a Buffalo-based real estate investment, development and management firm. Marcus & Millichap arranged the sale by NAPA Ventures and financing was provided by Greystone. An investor purchased a 5,600-square foot office building at 3712 Old Denton Road in Carrollton. The vacant property will be divided for new tenants. Younger Partners' Carter T. Crow and Shawn Street brokered the sale by V-AID Group Inc.ML Capital Ltd. has sold a 67,200-square-foot, 4-building warehouse project on 3.96 acres at 11455 Newkirk St. in Dallas, to Concord-Newkirk LP. Brian Pafford and Jason Finch of Bradford Commercial Real Estate Services brokered the sale.An investor has purchased the Prospect Avenue Apartments, a 20-unit … [Read more...] about Top D-FW commercial real estate transactions for week of Feb. 15 include Greystone, Greysteel, JLL
Updated at Wednesday, 16 Jan 2019, 11:30 The Hanoitimes - Hanoi is pulling in expanding levels of investment from large multinational technology firms. Hanoi is listed the third in JLL’s City Momentum Index (CMI), indicating a highest level of socio-economic and commercial real estate dynamism. Part of Hanoi. Photo: Internet The CMI, which measures momentum for 131 of the world's most commercially active cities, identifies the urban economies and real estate markets which are currently undergoing the most rapid growth. Hanoi, behind Indian cities Bengaluru and Hyderabad, has strong links to the technology and innovation sector. Ho Chi Minh City, meanwhile, is the eighth most dynamic city in the ranking. The city has all cultivated a thriving start-up culture which has helped to push it up the rankings. It’s clear that the tech sector is a key driver of both real estate and economic momentum driven by large technology firms as well as … [Read more...] about Hanoi ranks 3rd most global dynamic real estate city: JLL
SalesKeller Logistics Group acquired a 204,000-square-foot industrial building from Mission Foods at 4000 Dan Morton Dr. in Dallas. Ward Richmond and Cole Hooper of Colliers International brokered the sale with David Eseke, Cribb Altman and Steve Wentz of Cushman & Wakefield. Wedge Supply LLC bought a 24,700-square-foot industrial building at 3309 W. Kingsley Road in Garland. Jeremy Mercer and Tucker Cason at Mercer Co. brokered the sale with Barrett Bufkin and Jeff Pappas at ESRP.Investors have purchased the Fox Creek Apartments at 1910 Josey Ln in Carrollton. The new owners plan to remodel the 172-unit rental community, which was built in the 1960s. Wellington Realty's Caleb Jones, Tammy Shaffer, William Hubbard and Curtis Sung arranged the sale.A California investor purchased the Park Lane Terrace apartments located at 6808 Armanda St. in Dallas The 152-unit rental community was built in the late-1960s. SVN | Investment Sales Group's Mark Allen brokered the sale.The … [Read more...] about Top D-FW commercial real estate transactions for week of Jan. 11 include Investment Sales Group, JLL