Countryside Properties has announced it will float on the London Stock Exchange, and said it expects to raise £114 million through the share sale. The company said it would use the funds raised to reduce debt and grow its development sites in Acton, Beaulieu, Hazel End and Rayleigh. It will list in February.
Home Builder Countryside Properties Plans I.P.O. in London
Countryside Properties, a British home builder that is majority owned by the American private equity firm Oaktree Capital Management, said on Thursday that it planned to list its shares in an initial public offering in London next month. Countryside said it expected to raise about 114 million pounds, or about $165 million, and list a minimum of 25 percent of its shares in the offering, which is expected to be completed in February.
Does property owner have the right to shoot down hobbyist's hovering drone?
A hobbyist whose drone was shot down by a Kentucky property owner is asking a court for $1,500 in damages and a decision on who had rights to the airspace.
The issue is whether John Boggs’ drone was trespassing or if it was flying in airspace within the jurisdiction of the federal government, the Washington Post reports. The suit (PDF), filed Jan. 4 in federal court in Louisville, says Boggs’ drone was recording video of the horizon, woods and rooftops, and it was not recording images of the property owner or anyone else on his property.
Tata Housing may partner with Amazon for online property sale
Realty major Tata Housing is in talks with online marketplace Amazon India for marketing of its properties. Tata Housing, the real estate arm of the Tata group, sold over 2,000 apartments through online platform in the last two years.
Tata Housing is in talks with Amazon India to sell its portfolio of premium and luxury properties across eight cities, sources said. The company spokesperson declined to comment
Hot year for property ends with a fizzle: Trade Me Property
The property market ended 2015 on an unsurprisingly quiet note, according to Trade Me Property. The average asking price of houses in Auckland rose only 0.2 per cent while the rest of the country reduced by 0.4 per when compared to November. Head of Trade Me Property Nigel Jeffries said 2015 was a hot year for the Auckland property market and prices tapering off in December was "unsurprisingly". "House prices in Auckland often posted month-on-month growth rates over the year but as the year wound down, the focus shifted to the holiday season," he said