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Saudi woos foreign firms to build 1.5 mn housing units

  JEDDAH / Reuters Saudi Arabia will offer foreign and local property developers partnership deals in a vast housing construction programme that aims to build 1.5 million homes over the next seven or eight years, the housing minister said. “We are preparing five or six types of partnership between the ministry and the developer,” Majed al-Hogail told a news conference ...

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Swiss’ Partners Group in talks to buy Foncia

  Bloomberg Partners Group Holding AG of Switzerland is in exclusive talks to buy French real estate management business Foncia from Eurazeo SA and Bridgepoint, the sellers said in a statement on Thursday. Foncia, which has refocused on real estate services since Eurazeo and Bridgepoint bought it from French bank BPCE SA in 2011, had revenue of €696 million ($793 ...

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RioCan group to buy prime Toronto realty

  Bloomberg RioCan Real Estate Investment Trust, Canada’s largest REIT by market value, is teaming up with Tricon Capital Group Inc. and Diamond Corp. to develop a combined retail and residential project in Toronto’s midtown core, according to people familiar with the deal. The joint venture agreed to buy the real estate — a row of high-end boutiques and a ...

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