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News & Views

Fed Likely to Signal Tapering Move Is Close
Financial Times (06/18/13) Harding, Robin

The Federal Reserve Board will meet for two days and hold a press conference on June 19, with Fed Chair Ben Bernanke expected to signal that the central bank could taper its $85 billion monthly asset purchases soon, although further changes would depend on economic changes. The markets, however, seem reluctant to signal economic improvement that would prompt the Fed to scale down its third quantitative easing program, although that reluctance is tied to the erroneous assumption that the Fed would be less willing to support economic recovery. The... More

Abstract News © 2013 INFORMATION, INC.

Global Heavyweight Jones Lang LaSalle Throws Down the Gauntlet
Globe and Mail (06/17/13) Perkins, Tara

Jones Lang LaSalle (JLL) is looking to bolster its Canadian presence in a big way. The Chicago-based firm has hired more than 115 people since April 2012, and it will be adding at least an additional 170 in the coming months. That would bring its employee count past the 500 mark. While the company is already a major player in the country, it is expanding by opening new offices in Vancouver, Calgary, and Ottawa. "Canada has a strong economy, it has weathered the economic storm, and is one of the world's strongest and most stable commercial real... More

Abstract News © 2013 INFORMATION, INC.

China Builder Sees $1.6 Billion London Project Doubling in Value
Bloomberg (06/17/13) Dingmin, Zhang

ABP (China) Holdings Group, the Chinese developer that announced a 1-billion-pound London business center last month, said this week that the project would be valued at more than twice what it will cost to build. The company signed an agreement with city officials in May to transform the 35-acre site at Royal Albert Dock into the capital's third business district. "The demand is huge," declares ABP Chairman Weiping Xu. That is what prompted the firm to raise the target for the first phase of the project to as many as 100 buildings from about 60, he... More

Abstract News © 2013 INFORMATION, INC.

Axa Plans to Invest $13.3 Billion in Infrastructure Debt
Bloomberg (06/18/13) Benedetti-Valentini, Fabio

Axa SA, Europe's second-largest insurer, plans to invest 10 billion euros ($13.3 billion) in infrastructure debt over the next five years as low interest rates push European insurers to seek new investments. Axa will invest through the real-estate business of its Axa Investment Managers unit. Axa Real Estate will underwrite loans of as much as 500 million euros. "It meets our need to find long-term investments and diversify our credit portfolio in order to match the guarantees we offer clients," Axa's chief investment officer, Laurent Clamagirand,... More

Abstract News © 2013 INFORMATION, INC.

BPO Sector Drives Demand for Commercial Property in the Philippines
Channel NewsAsia (06/17/13) Ong, Christine

The Business Process Outsourcing (BPO) sector is one of the key drivers of the robust economic growth seen in the Philippines lately. The nation is aiming for a 10 percent share of the $270-billion global market by 2016. As many as 63 IT parks are being developed throughout the country to support the growth of the sector. These new technology parks will provide the infrastructure and connectivity needed to support the rapid expansion of the industry in the years to come. Industry experts predict that BPO office spaces will double by 2017, as an... More

Abstract News © 2013 INFORMATION, INC.

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