Hints and tips:
...It covered half the cost of construction, splitting it with the property developer Alexandria Real Estate Equities, which will receive rental income over 25 years....
...Troubled construction contractor Kier Group has forced out its chief executive Haydn Mursell, the FT reported. The move comes after it launched a poorly received £264m emergency rescue rights issue....
...Hertz chief financial officer Thomas Kennedy has resigned after more than four years with the car rental company....
...The two groups do not fund construction, although they do finance purchases or refinancings by investors once the buildings are completed....
...With young Americans eschewing home ownership and residential construction still weak, the Wall Street wizards have once again shown their ability to capitalise on a trend before anyone else....
...Deloitte’s move across the city’s Jana Pawla II Avenue is one of many big tenancy deals this year that have merely moved rental income from one building to another....
...Hertz, the US car rental business, has announced plans to spin off its construction equipment hire division into a separate, publicly traded company that will be valued at close to $5bn....
...The future of the equipment rental business, HERC, will be part of that review, according to people familiar with the situation....
...Hertz, the car rental company, advanced as it prepared to spin off its construction equipment rental business in a deal that could value the division at about $4.5bn....
...Technically part of the Puerto Rico Housing Authority Housing Stimulus Program, the incentives are lucrative: a five-year tax abatement on new property; no future capital gains tax on new property; tax-exempt rental...
...The boom in energy demand across much of the developing world prompted Aggreko to lift profit forecasts after the FTSE 100 power generator rental group secured a fresh batch of contracts from Kenya to Indonesia...
...The recession particularly hit sectors such as banking, manufacturing, construction, property and media....
...Meanwhile, Living Corporation, a rental apartment developer, has decided to postpone its planned December 5 initial public offering until an unspecified later date....
...Alongside Cargill, an agriculture group, and Bechtel, a construction company, private, family-controlled companies in the US are creeping under the radar to become some of the largest and nimblest players...
...Gecina specialises in property rentals, while Metrovacesa derives 60 per cent of its income from rentals and 40 per cent from the construction and sale of residential properties....
...Northgate, the UK’s largest van rental company, slipped 6 per cent to 868½p as it said the market for selling on second-hand vans had softened....
...The budget was so tight that if one part of the building came in under budget the extra money could not be carried over to something else, as commonly happens with new construction....
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