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Cairo real estate weakens amid currency volatility

Cairo / Emirates Business JLL, the world’s leading real estate investment and advisory firm, on Tuesday released its 2015 annual review of the Cairo Real Estate Market, assessing the latest trends in the office, residential, retail and hotel sectors. The report notes that Cairo real estate market has witnessed mixed performance across various segments in 2015 which was impacted by ...

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Al Habtoor buys Vienna’s Imperial hotel

Vienna / Bloomberg Vienna’s Hotel Imperial, used by stars including Madonna and Mick Jagger as well as politicians and diplomats, was bought by Dubai’s Al Habtoor Group LLC for US$78.8 million. Starwood Hotels & Resorts Worldwide Inc. sold the 138-room property, which will continue to operate under its Luxury Collection brand, the Stamford, Connecticut-based company said in a statement on ...

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The intriguing math that turns Manhattan Properties into shekels

Bloomberg What do Israeli investors know about retirement homes in Indiana? Enough to lend them 265 millionshekels. Strawberry Fields, a real estate investment trust whose facilities cater to Alzheimer’s sufferers in the Midwest, is the latest of at least 14 U.S. property companies that have borrowed a combined 8.1 billion shekels ($2.07 billion) in the Israeli market since 2008, securing ...

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