Thursday, October 24, 2013

Bill Gates buys into Spanish property firm

23rd October 2013
 Microsoft founder Bill Gates, has bought a stake in Spanish construction company Fomento de Construcciones y Contratas (FCC).
The world’s richest man purchased 6% of the company for 113.5 million euros ($156 million) which saw its shares rise 8.3 percent yesterday.
Speaking to Forbes, Madrid-based analyst Francisco Salvador backed Spain as a destination for investment.
"The positive structural changes in Spain are far more evident than in other countries such as Portugal or Greece.  
If Spain were a company, it would be a restructuring story similar to that of FCC, and investors usually like those stories". 
Although FCC’s focus is not residential property, the face that one of the richest and most high-profile investors on the planet is looking at opportunities in Spain suggests the European and Global Market may be close to bottoming out.

Thursday, October 17, 2013

Spanish Property Sales Soar Purchased by Global Investors

Spanish Property Sales Soar Purchased by European / Global Investors
Similar pattern emerging in Spain as we saw in the US especially in the Florida market.  Other places in Europe and USA are also still a bargain, although universal price rise as Investors and Second Home Owners  buy up Properties still on the up turn.
In Spain, property transactions by non-resident foreigners rose 43 percent in Q2 compared to the same period last year according to the General Council of Notaries.

Non residents bought 8030 homes in Q2 of last year.  The biggest increases came from Belgians, up 78pc, French (+70pc), Germans (+35pc) and the British (25pc).

As reported previously demand from British buyers is down from in 2007 boom time high where Brits accounted for 39pc of the total market.  The share is now just 15pc but it’s still the biggest group, followed by the French (11c), Russians (9pc), Germans (8pc) and Belgians (8pc). 

Monday, October 14, 2013

Denver Grand Opening "Rain Check" Event Nov. 9

I'm so sorry that the biblical flooding preventing us from seeing each other at my grand opening event at the Botanic Gardens last month.
Now that the area has had some time to recover, I am holding a "rain date" event at the University of Denver on Saturday, November 9th, at 9AM. Please join me to reconnect and learn more about one of my new business ventures.
It would be great to see you again, and I really need your support in gaining exposure and referrals as I get started with my new business.
Breakfast refreshments will be served, with time for catching up and networking before the business presentation.
I also want to discuss with you my plans for having an Alumni catch up and networking event. of former students and others interested in Investments,and reaching Buyers and Lenders.  Watch for further details on Eventbrite RSVP's or contact me at InvestGlobal33@gmail.com
+1-7290-425-5865 to register and get put on the RSVP List.
Please follow the link to see the details and register. I look forward to seeing you there!

Buyer and Investor Pool in US Properties is only getting larger!

Denver, CO 10-14-2013
I agree with Donald MacLellan senior managing partner of Faris Lee Investments.  Who confirmed and stated my beliefs and findings, which i have outlined in detail in my Seminars on how to contact and connect with these Global investors, Second home buyers, etc.
 
The buyer pool for hard assets in general is growing and the retail property sector is at the forefront of this growth. Historically, insurance companies, pension funds, state employee funds, life insurance companies, and publicly traded REITs were the main players in the investment landscape.
However, that has changed. institutional as well as Global and USA Investors want to purchase Tangible Assets as stocks and other non-tangible investments are constantly in a state of uncertainty.
Who are these buyers and what does it mean for commercial and Investment Grade real estate?

The first are overseas investors. In the recent past, the investment appetite for these capital-rich buyers – the majority of which are from Asia – were only interested in buying stabilized assets.
But as time has progressed and the U.S. market comes into recovery mode, these principals are also buying value-add opportunities as long as the assets are situated in “gateway locations” such as port cities that feature a diverse cultural demographic as well as high population numbers. Many of these international buyers are represented by local principals
– either individuals or companies – who are now living in the United States and have relationships with overseas capital.
With instability in foreign markets, U.S. property is a natural, stable investment.

Second, we are seeing large family offices and private investors seeking commercial and Investment grade residential real estate assets …  Many for the first time.
Passive, NNN-leased retail property investments with strong tenants in primary, secondary, and even tertiary markets are considered by this buyer type. Stabilized, multi-tenant centers are also welcome investment prospects. Some of these buyers were developers who have transitioned into investment companies instead, as development prospects dropped off over the past several years.
Next, non-traded REITs are amassing significant private capital their commercial portfolio is growing exponentially.
Cole Real Estate Investments is an example of one such operator who has been buying hundreds of millions of dollars of power centers and grocery-anchored centers over the past few years. Again, this buyer type is growing as smaller investors seek stability in commercial real estate and choose to diversify their investment portfolio, garnering higher yields on their investments with hard asset ownership.

Finally, we have seen Wall Street equity funds buying portfolios and operating companies. For example, Blackstone began  buying real estate operating companies subsequent to the recession at pricing  perceived below actual market values.
With the appetite from a wide array of buyers in the investment pool, ultimately it is a good sign that the demand for commercial and investment grade residential real estate in the near-term and long-term will continue.
Hard assets will be a favorite commodity for the investment community due to lack of stock market stability,
and instability in foreign markets.
Manfred Chemek, 
FIREC, TRC, Diploma FIABCI, Dipl. Kfm.

Dubai: it’s déja vu all over again

The  JLL report into the Dubai property market makes worrying – or is it exciting – reading.  Dubai, population 2.1 million and, according to JLL, 
with a current housing stock of “around 364,000 units” looks like building another 45,000 homes – that’s 12% of its total housing stock – for delivery by 2015.
The figure for 2013 looks like being about 13,000 – 3.6% of stock.
According to the Dubai Statistics Center population growth is about 5% per year.
More alarming – or exciting – still is that, “Improved confidence, economic growth and rising demand have encouraged developers to announce new large-scale projects such as the Mohammad Bin Rashid City; Dubai Sustainable City; Jumeirah Island Park by Nakheel; Emaar’s The Hills, Burj Vista in Downtown, The BLVD and The Address Residences. These announced projects are likely to be ready by 2016 to 2018 at the earliest.”
So where will the buyers come from?
OPP has been receiving report after report about Dubai becoming the preferred destination for Middle Eastern investors, buyers flocking in from strife-torn places such as Egypt and Syria and about local job creation but will these numbers be sustained and will these people be sufficient to take up all this slack?
Many of us can remember the last time Dubai adopted the “build the houses and we will create the demand” approach to property development. It didn’t end well.