German Real Estate Firm Adler Reaches Agreement With Lenders
Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
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Troubled German real estate firm Adler Group SA has reached a non-binding agreement with bondholders, according to a company statement released on Thursday morning.
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.
Vietnamese billionaire Pham Nhat Vuong pledged to invest at least another $1 billion of his personal wealth into VinFast Auto Ltd., providing the capital needed for expansion of the struggling electric vehicle maker.
Macrotech Developers Ltd., a real estate firm that operates under the brand name Lodha, expects pre-sales to grow about 20% in the year to March after reporting its highest ever quarterly revenue.
Aug 15, 2018
Bloomberg News
,Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year.
Transactions nationwide rose 1.9 per cent from June to 38,612, bringing them back toward the 10-year average, the Canadian Real Estate Association said Wednesday from Ottawa. Sales in Toronto advanced 7.7 per cent, while they climbed 5.6 per cent in the Fraser Valley area near Vancouver.
Benchmark home prices in the country were mixed, showing a 0.4 per cent decline on the month and a 2.1 per cent increase over the last 12 months.
Prices in Toronto fell by 0.5 per cent in July from the prior month. In Vancouver they fell 0.6 percent. It was the first time since 2013 that benchmark prices in Toronto and Vancouver fell concurrently for two straight months.
Home buyers this year faced tougher qualification rules designed to curb excessive speculation in Toronto and Vancouver, while the Bank of Canada has raised its trend-setting interest rate four times over the last year. That combination led to some steep declines in housing sales at the start of the year.
“This year’s new stress-test on mortgage applicants continues to weigh on home sales but its effect may be starting to fade slightly in Toronto and nearby markets,” CREA President Barb Sukkau said in a statement.