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Foreign banks funding the apartment boom: UBS

If you thought the housing boom was running out of puff, check the skyline of east coast capital cities. At last count there were more than 500 cranes towering above Sydney, Melbourne and Brisbane – mainly servicing high-rise apartment construction – 160 per cent more than this time in 2014. This week’s flow of housing data certainly gives little sense that the housing construction throttle...

Pit road for the network: Case study

Seeking to protect its intellectual property, race car team Andretti Autosport went looking for a security solution. Greg Masters reports. When the race cars sped around the course at the 100th Indianapolis 500 at the end of May, most eyes were trained on the track watching the cars blaze past. But well away from the 2.5-mile oval of the Indianapolis Motor Speedway, the roar of the crowd and the media coverage,...

Budget 2017: Now is the time for tax reform

Mere indexation of the income tax system would cost about €4bn over the next five years The proposals in the programme for a new partnership government (PFG) envisage devoting €2.5 billion in money terms to reducing taxes over the next five years. Mere indexation of the income tax system would cost about €4 billion over the same period. It is clear therefore that the level of taxation will increase over...

Who are The big names in the construction, design and property industries in Nottinghamshire

Graham Cartledge is chairman of architectural practice Benoy, founded in Newark but now a global practice employing more than 500. It has a turnover of about £55 million. Joining in 1974, he became chairman in 1992. The multi-awarding winning firm has designed cutting edge projects in China, Singapore, Hong Kong, Abu Dhabi and the UK. Vice-chairman of the China-Britain Business Council, he is also an adviser...

Index changes may drive interest in Reits

Once a niche investment, real estate investment trusts (REITs) have seen enormous growth in recent years, and the flow of money into the sector may be about to accelerate. Earlier this month, global equity indices were reconfigured. Since it was established by MSCI and Standard & Poors in 1999, the Global Industry Classification Standard (GICS) has consisted of 10 sectors. Now there are 11. Real estate,...

How short-term rental sites like Airbnb are transforming London’s property market

Mark recently moved into a flatshare in Spitalfields. He found his place on SpareRoom but another room in the flat is let through Airbnb. “My flatmate has a long-term contract for the whole three-bed flat which he can’t get out of, so he sublets the other two rooms,” says Mark, who is a financial analyst. “He tends not to tell me about it, which is annoying, particularly when they show up at 2am.” Even...

SL Green Signs 603,650 Sq. Ft. Lease Extension with Penguin Random House at 1745 Broadway

NEW YORK–(BUSINESS WIRE)–SL Green Realty Corp (NYSE:SLG), New York City’s largest commercial property owner, along with partner, Ivanhoé Cambridge, today announced that leading international publisher, Penguin Random House, has signed a 15-year 603,650-square-foot lease extension through June 2033 covering floors 2-19 and 21-23 at 1745 Broadway. This is an early renewal of Penguin Random House’s...

Law firm offering £1,000 bursary to help student with studies

A LAW student could be in with a chance of receiving a £1,000 bursary to help with their studies, thanks to Dorset law firm Kitson & Trotman. The annual bursary is being launched to coincide with the opening of the law firm’s new office in St Albans Street, Weymouth, where solicitor Stephen Jones is at the helm. The bursary will be available to year 13 students who are planning to study law at university...

A Conspicuous Absence from the Debate: Immigration

In the first U.S. presidential debate of the 2016 election cycle, candidates Hillary Clinton and Donald Trump coined several new terms and phrases . Trump, who once boasted having the “best words,” introduced the term “big” to mean the adverbial form of the adjective “big.” Clinton, for her part, introduced the term “Trumped-up trickle down economics”, a failed attempt to gain some laughter....

Big Box Chain Brings “Dark Store” Tax Dodge to San Antonio

It’s a busy Saturday at the Lowe’s Home Improvement that hugs the northbound Interstate 35 access road, and do-it-yourselfers jostle for aisle position while wheeling carts stuffed with power tools, mulch, touch-up paint, leaf blowers, bathroom vanities, dimensional lumber and more. Similar scenes play out inside of the Lowe’s on Goliad Road on the south-west side, the Wilshire Terrace location and the...