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At a global conference in Riyadh, Saudi Arabia is set to eclipse many of the world’s biggest hotel and tourism destinations in the next decade or so in its ambitious Vision2030 gigabit project and other infrastructure plans that include vast numbers of hotels Pale. .
Speaking at the Future of Hospitality Summit at the Al Faisaliah Hotel, Khalid Saud Abu Haimed, CEO of investment and development company Al-Khozama, said the number one priority for any leisure or business traveler is food. “History and culture equal food,” he said, while other experts emphasized the importance of locally-focused staffing and customer service.
After much of Britain celebrates King Charles III’s coronation, his attitude to the £15.6bn royal estate he inherits as the reigning monarch will be crucial.
Tracing how and when the monarchy incorporated its shiniest jewels into the portfolio, which also includes a gleaming collection of famous homes and monuments, shedding light on the country’s history and expectations of what its properties should have to offer. The Crown Estate essentially dates back to 1066, when William, Duke of Normandy, proclaimed the English throne and invaded from what is now northern France.
Office properties in Germany’s biggest city lost 5.7% of their value in the first three months of 2023, according to brokerage JLL, as rental growth failed to make up for a slump brought on by economic volatility.
Values ​​in big cities overall have fallen by 16.7 per cent over the past year, the steepest drop since JLL launched regional assessments in 2004, with values ​​in some cities now at their lowest levels since 2018 and 2019, brokers said. Office values ​​in Munich are better than most other regions, which have fallen by 14.9% over the past year, followed by Düsseldorf’s banking district and Hamburg’s inner city, both down 16.2%, and Berlin’s 16.7 percent, Frankfurt fell by 18.6 percent.
Global consultancy Deloitte will move in the coming weeks into a new training center called Deloitte University EMEA, which is being built by developer Nexity in a business district near Paris originally developed by Disney.
It aims to train staff in Deloitte’s Europe, Middle East and Asia offices and has been in planning for the past decade. Bertrand Boisselier, a senior partner at Deloitte France, said the campus is an “entrepreneurial project” aimed at “investing in human capital, not real estate” and is similar in size to the firm’s existing training facility in Texas.
Canadian developers are racing to address a severe national housing shortage, as they say the federal government’s policies to encourage immigration have contributed to record population growth.
In British Columbia, where population growth ranks among the highest in Canada, The construction workforce in Vancouver and other cities lacks the capacity to meet the construction needs of the next decade. According to the Real Estate Association of British Columbia, the West Coast province must increase annual housing completions by 25 per cent to 43,000 units over the next five years to keep up with a population boom, largely due to the arrival of new immigrants from other countries.
In some large cities in the United States and Canada, a third of old office stock is thought to be convertible into apartments, potentially offering a way to revitalize cities where workers have yet to fully return to the office.
Global real estate firm Avison Young identified 6,206 buildings in 10 U.S. cities that could be converted to multifamily housing. These buildings were built before 1990 and have a floor area of ​​less than 15,000 square feet, which makes them more suitable for conversion to apartments than other large floors where it is more difficult to divide the living space.
This report is compiled from CoStar’s news publications in the US, UK, Canada, France and Germany.
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