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...However, the move also cuts off a route to developers seeking to avoid the 30 per cent commission fees that Apple charges for purchases made through its App Store....
...Italy, France and Greece are also among the top five destinations for deploying capital this year, according to the 2024 survey of more than 60 investors including hotel owners, developers and private funds...
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...The petition, issued by China Construction Bank in Hong Kong’s High Court on Friday, is related to an “approximately HK$1,579.5 million [$201.7mn]” financial obligation, Shimao Group said....
...So far, Beijing has emphasised the need to complete construction projects but stopped short of unveiling any official measures to help developers in difficulty....
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
...That can no longer be taken for granted with state-owned China Construction Bank (CCB) taking rare legal action against the troubled mainland developer Shimao Group....
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
...The improvement has come despite setbacks for developers in the planning system....
...China’s property sector, which typically accounts for more than a quarter of economic activity, has struggled for more than two years with construction delays and developer funding woes after a government...
...But this model has been shaken by construction delays at failed groups such as Evergrande, leading homebuyers to question whether they will ever receive their properties and discouraging new land purchases...
...The trend was confirmed by new purchasing managers’ index data yesterday showing construction sector optimism at a two-year high....
...The City of London Corporation, which owns the London Wall West site, will seek to entice a private sector developer to take on the project....
...The struggles of both companies, once seen as among the most trusted real estate developers in China, highlights the impact of a two-and-a-half-year cash crunch that has weighed on construction and the wider...
...The London-focused FTSE 100 developer said sales of new homes were roughly a third lower than last year over the six months to the end of October....
...Today, our tech expert explains why app developers think the EU’s first ever fine of Apple won’t be nearly enough....
...Teesworks Ltd, which is 90 per cent owned by local developers and 10 per cent by the STDC, said it welcomed the judgment....
...The cash crunch emerged with the failure of China Evergrande in 2021 and has since weighed heavily on construction and confidence in the housing market....
...New construction starts plummeted 30 per cent, the worst fall in more than a year....
..., chief executive of FTSE 100 developer Berkeley Group....
...Since 2021, the Chinese economy has grappled with a wave of real estate developer defaults that have frozen construction activity and weighed confidence in the market, pushing down home sales....
...Property investment fell 9 per cent year on year in January and February, while new construction starts plummeted 30 per cent....
...The European Commission, the EU’s executive arm, announced on Thursday it had “requested further explanations” from Apple over its decision to terminate the developer account of Epic Games....
...Barratt has cemented its position as the UK’s largest housebuilder after agreeing to buy rival Redrow in a £2.5bn deal, as developers weather the property market downturn....
...The tower topped out in 2021, and some residents have moved in, but construction is still ongoing....
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