In brief: Former Jewel HQ | John Buck Co. | Exelon Jul 15, 2009
A fund managed by Equity International, Sam Zell's overseas real estate investment firm, has sold its entire 13. 5% stake in Chilean shopping mall operator Parque Arauco. (Crain's Chicago Business)
Indian HNIs make realty investment on home turf Jul 3, 2009
"If you were to look at the total pie of investment by Indian HNI, only 2% of the investment from Indian HNIs is going in overseas real estate ," says Samantha Jerath, a director at Jerath Properties, Delhi-based real estate consultant having a portfolio of many HNIs. Also accessing and monitoring one's investment becomes so much more difficult when it is an overseas investment, as there is paperwork involved, making payments from time to time, and with many real estate investment options... (India Times)
Indian HNIs prefer realty investment in India than abroad Jun 21, 2009
If you were to look at the total pie of investment by Indian HNI, only 2% of the investment from Indian HNIs is going in overseas real estate , says Samantha Jerath, a director at Jerath Properties, Delhi-based real estate consultant having a portfolio of many HNIs. He adds, Barring Dubai and London, I do reckon (investment taking place in) any other place due to cultural differences, unfamiliarity with local laws, language issues. (India Times)
Scope out overseas real estate on the Web May 16, 2009
May 16, 2009 - 7:05AM. Even for veteran homeowners, buying a home overseas can be a daunting prospect. (Sydney Morning Herald -- Technology)
HNIs eye non-equity assets abroad Mar 5, 2009
While emerging market bond funds are the main draw among high net worth investors, money is also flowing into overseas real estate and real estate investment trusts (Reits), US government bonds, gold ous mining funds, oil instruments and commodity-based asset classes. According to wealth managers, investors are looking at investment options abroad, thanks to the persistent downturn in equities market and lack of alternative asset classes. (India Times)
Morgan Stanley fires executive in China on suspicions of bribery Feb 13, 2009
The brief statement said, in part, that the company "had recently uncovered actions initiated by an employee based in China in an overseas real estate subsidiary that appear to have violated the Foreign Corrupt Practices Act.". The Foreign Corrupt Practices Act prohibits people working for American companies operating abroad from paying bribes or making corrupt payments to foreign officials to obtain or keep business. (International Herald Tribune -- Business)
Morgan Stanley Fires Worker in China Over Bribery Feb 12, 2009
In a two-sentence statement in a document filed with the Securities and Exchange Commission, the New York-based bank said it has recently uncovered actions initiated by an employee in China "in an overseas real estate subsidiary.". "Morgan Stanley terminated the employee, reported the activity to appropriate authorities and is continuing to investigate the matter," the company said in the filing. (ABC News -- Wire)
Ex-M.Stanley China Property Head Under SEC Probe: Sources Feb 12, 2009
The Wall Street bank also said in its filing to the SEC that it reported the employee, based at "an overseas real estate subsidiary," to authorities, and is continuing an investigation. Peterson did not respond to repeated calls to his China mobile phone. (ABC News -- Wire)
