‘The Mountain of Beverley Hills’ was listed at $1bn; it’s sold for just $100k
Super-prime 157-acre hilltop site in Los Angeles goes to a credit bid at auction for 0.1% of its original asking price
European property fund raises $2bn
Ares is targeting “distressed” and “complex” residential and commercial assets in major European cities
Luxury real estate giant Engel & Völkers exits UK market; continues global expansion
German-based behemoth no longer operating in the UK, following the closure of its sole PCL branch; worldwide commission revenues soar by 11% as major rollout continues across Europe & North America…
Sicilian standoff stalls Monaco’s $2bn Le Portier project
The tiny principality’s efforts to enlarge its land area by building a whole new neighbourhood off the coast have been hit by delays over the sourcing of 1.2 million tonnes of sand from Sicily
President Trump Eyes a New Real-Estate Purchase: Greenland
The American President wants to buy Greenland from Denmark, apparently
Profits plunge for Dubai’s Damac
Luxury property developer’s profits record an 87% fall in Q2, but the company “remains financially robust”
‘Mounting economic headwinds’ curb prime property price growth in global cities
Luxury property price inflation across 46 global cities continues to fall short of the long-term average, says Knight Frank
Fashion designer acquires iconic Lake Maggiore estate
Donatella Versace has shelled out €5m for the Mondadori Villa, which has been in the hands of the Mondadori publishing dynasty since the 1920s and hosted luminaries including Walt Disney and Ernest Hemingway…
DAMAC chief: ‘I see 2019 as a year of opportunity in London’
Current uncertainties around Brexit offer just the right conditions to strike great property deals, says billionaire Emirati developer Hussain Sajwani…
Knight Frank ‘significantly bolsters’ London China team with series of new hires
Lili Zhang has been recruited from Savills to run Knight Frank’s enlarged and restructured residential China Desk in London