- January 18 2019
Russia, Serbia sign major deals in energy, infrastructure
Russia and Serbia signed a package of agreements on bilateral cooperation during Russian President Vladimir Putin's visit to the Serbian capital of Belgrade, the Kremlin said Thursday.
"We signed a large number of agreements in various spheres of public life. Our trade is increasing from year to year, and our economic relations are getting better and better," Serbian President Aleksandar Vucic said at a joint press conference with Putin following their talks, according to a Kremlin transcript.
In particular, the two sides reached agreements on the construction of a gas pipeline with more gas storage facilities and on the construction of a power station aimed at realizing full gasification of Serbia.
Putin and Vucic also talked about infrastructure cooperation, especially in the field of railways, and major agreements and memorandums have been signed on the current maintenance of railways.
The signed contracts on railways have amounted to 230 million euros (262 million U.S. dollars) and are expected to reach 660 million euros in the future, according to Vucic.Read Full Article
- March 27 2018
London property slump most widespread since financial crisis
House prices are falling in almost half of all London postcodes, according to new figures showing the most widespread collapse in property values across the capital since the 2008 financial crisis.
The latest signs of distress will stoke concerns that sliding prices are far from confined to the most expensive homes in central London, with the figures showing a ripple effect spreading into the suburbs.
In contrast to the struggling London property market, cities elsewhere across the country such as Edinburgh, Liverpool and Manchester are registering house price growth in excess of 7% per year.
According to data provider Hometrack, which is part of the Zoopla property group, as many as 42% of all London postcodes have seen house prices fall over the past year – with the majority of these areas seeing values drop by up to 5%. The biggest falls were reserved for central areas, with prices falling in the City of London by as much as 8%.
Although the majority of London postcodes are still registering growth, the number of areas with rising house prices has declined sharply over the past two years. Prices in central areas such as Camden, Islington, Wandsworth and Southwark are leading the declines, although there are now also falling property values in suburban areas such as Harrow, Kingston upon Thames and Elmbridge.Read Full Article
- March 27 2018
Exclusive: Britain's Co-Living King Has Raised $400m To Take On WeWork In America
New York’s multibillion dollar property market will soon have a new challenger on the block.
British co-living property startup The Collective has revealed its bold plans to more than double the size of its portfolio with a huge expansion into the U.S. and Germany – a move that could place it among the largest co-living providers in the world.
Today Reza Merchant, The Collective’s charismatic 29-year-old cofounder, told Forbes his plans for 4,500 co-living apartments across the UK, US and Germany.
This upstart even caught the attention of Germany entrepreneur Jonathan Teklu, an early backer of Airbnb and a Forbes 30 Under 30 alumni, who is among those investing in The Collective’s international expansion and will also be joining its advisory board.
In an exclusive interview with Forbes Merchant remained tight-lipped about who the other backers for his US and German expansion are, but said they include: “a mixture of institutional capital, high net worths and family offices, who all fundamentally believe in what we're doing.”
The co-living king
Co-living emerged out of Silicon Valley’s “hacker house” culture, where developers would live and work in large houses together.Read Full Article