Bulgari Jewelers’ Famous Villa Sold

FLORENCE, Italy, October 6, 2014 /PRNewswire/ —

Named by the writer Gabriele D’Annunzio and frequented by Italian film stars, Villa Godilonda has an impressive history. 

One of the most beautiful villas on the Tuscan coast has been sold: Villa Godilonda in Castiglioncello, previously the residence of the Bulgari jewellers. It has been bought by a businessman from Eastern Europe for six million euros, revealed Lionard Luxury Real Estate which negotiated the sale. Renovation work will begin shortly to create one of the most luxurious and beautiful hotels in the world.

     (Logo: http://photos.prnewswire.com/prnh/20140724/697778-a )
     (Photo: http://photos.prnewswire.com/prnh/20141006/709396-a )
     (Photo: http://photos.prnewswire.com/prnh/20141006/709396-b )

It is said that Gabriele D’Annunzio (one of Italy’s most important writers, poets, playwright and politician) gave it the name Godilonda, from “godi l’onda” or “enjoy the waves”, after having spent a romantic and passionate night here at the beginning of the twentieth century. Built at the end of the nineteenth century, in 1924 it was bought by the American Carter family and after the war became the summer residence of the Bulgari family, before being transformed in the eighties into a hotel where famous Italian actors like Marcello Mastroianni stayed while visiting Castiglioncello. In 2007 it was closed indefinitely.

Constructed on the extreme point of a promontory, the property is composed of the main villa of roughly 1700m2 with 8 bedrooms, a winter garden, a spa and 11000 square meters of park and Mediterranean scrub with a private beach. After the degradation of the last years, the villa can finally live again, and contribute to the relaunch of one of Tuscany’s most beautiful seaside resorts.

The sale of Villa Godilonda is just the latest operation concluded at Castiglioncello by Lionard Luxury Real Estate.

PICTURES IN HIGH DEFINITION HERE: http://press.lionard.com

Lionard Luxury Real Estate 

Founded in 2008 by a young Florentine businessman, Dimitri Corti, in just a few years it became the leading real estate company in Italy operating in the luxury sector. Lionard manages a portfolio of over 1000 properties with an average value of between 5 to 10 million euros.

For further information
Florence, Via dei Banchi 6 (Ang. Piazza S. Maria Novella)
Tel. +39-055-0548100

Sterling Financial launches New Providence Opportunity Fund, A Real Estate Investment Fund, and Announces Its First Real Estate Acquisition

— “The New Providence Opportunity Fund, Ltd. presents an excellent opportunity to investors to capitalize on decades of property experience of its Sponsor and it drives significant synergies with the existing fixed income mortgage funds managed by Sterling Financial Group, Inc.”

NASSAU, The Bahamas, Aug. 22, 2014 /PRNewswire/ — Nassau, The Bahamas based Sterling Financial Group (“Sterling”), announces the launch of the New Providence Opportunity Fund, Ltd. (the “Fund”). The Fund is a closed-end equity investment fund consisting of high net worth and institutional investors, which targets diverse real estate investment and development opportunities in the United States, Canada and the Caribbean.

The Fund seeks to benefit from Sterling’s access to fundamentally sound real estate investments including development opportunities that were financially challenged by the Recession. The Fund will be active in markets where Sterling has both extensive real estate experience and existing platforms. Leveraging its relationships with developers, real estate private equity firms, private family investors, entrepreneurs and financial institutions, the Sponsor will identify opportunities, and upon acquisition, provide value-add initiatives to maximize total returns.

“We are pleased to bring New Providence Opportunity Fund to the market,” said Steve Tiller, President and COO of Sterling “We believe that the combination of our extensive real estate investment, development and management capability and a highly efficient funding structure, is a recipe for success for many investors in today’s market,” Tiller continued. David Kosoy, Sterling’s Chairman and CEO added, “we are pleased to add this fund to our other real estate offerings available, and I believe it is a great complement to our platform.”

Simultaneously with the first closing of the Fund, Sterling is also announcing the acquisition and further development of Ocean Terrace, an existing ocean front condominium project located in the West end of New Providence island. The acquisition includes additional green-field acreage for future development.

“Ocean Terrace is now under new ownership and we are revitalizing a project that has been idle for some time. It is a true sign of strong improvements currently experienced in the Nassau real estate market and especially in the highly sought after western district. The project is an excellent addition to the notable projects that Sterling is involved in and it is a terrific complement to our portfolio”, added Tiller.

The Sterling platform focuses on providing access to alternative market opportunities without compromising the North American standard for risk management, operational efficiency and regulatory requirements. Sterling leverages a management team with interdisciplinary real estate experience, a strong internal infrastructure and partnerships with leading service providers in order to capitalize on unique real estate investments and structures.

Kosoy further noted, “We have seen an increased demand from investors for quality real estate projects and funds that would diversify their exposure to traditional investments as well as providing attractive returns. We are pleased that we can offer a proven strategy on a tried and tested platform to a wider base of offshore and onshore investors through a product that has a potential to significantly enhance and diversify their portfolios.”

Sterling Financial Group, Inc., a fully integrated and diversified real estate investment, development, management and services company that has an established track record of successes in the real estate industry. Over the past 40 years, Sterling and its principals have acquired over 5.5 million square feet of commercial real estate at a combined purchase price of over $2 billion. Prior to founding Sterling, the principals had previously been part of the controlling group of a publicly traded real estate company, which acquired and managed a portfolio of more than 20 million square feet of real estate across North America. Sterling is headquartered in Nassau, Bahamas.

NPOF Launch Press Release
For further information please contact:

Sterling Financial Group
T: +1-242-677-1900
E: cwalker@SterlingBahamas.com

Sharell Carroll
SageEden Media Group
T: +1-242-356-0646

Notes for Editors

Sterling Financial Group is a Nassau, Bahamas based, financial services business founded in 2006. The company is privately owned and is regulated by the Securities Exchange Commission under the Financial Service and Corporate Providers Act.

The series of real estate and mortgage funds managed by Sterling invest and profit from a portfolio of privately held real estate investments and mortgage loans. The business is administered by David Kosoy and Steve Tiller and other respected real estate professionals who collectively have significant experience in the real estate and mortgage lending markets. The principals of Sterling have a track record over the past 40 years of successfully and consistently generating profits in the real estate investments and mortgage lending sectors in Canada, the Bahamas, the U.S. and the U.K.

Investment Volume Reaches New High Post-DSD; Capital Values Resilient to Cooling Measures

HONG KONG, July 29, 2014 /PRNewswire/ — Cushman & Wakefield, the world’s largest privately owned real estate services firm, today released a mid-year update on the Hong Kong investment and residential sales markets and the outlook for the second half of 2014.

Investment activity stabilizing, evidence of investors’ renewed confidence; capital values increase slightly in 1H 2014

The investment market ended the first half of 2014 on a high note, whereas second quarter investment volume totaled HK$22.7 billion, an increase of 61% quarter-on-quarter. First half investment volume across the five major property sectors including hotels totaled HK$36.8 billion, up from HK$26.9 billion in 2H 2013 or an increase of 37%. The rebound in investment volume in the second quarter was driven by investment in office properties, where the sale of One Bay East – East Tower to Citi for a record breaking HK$5.43 billion was accompanied by another large en bloc sale in Wong Chuk Hang (Cheung Kong’s project at 41 Heung Yip Road in Aberdeen). Office investment was also highlighted by purchases by end-users and the return of more long-term investors making purchases in Kowloon East and other non-core locations.

Investors have grown accustomed to the cooling measures, leading to stable investment in retail properties. There is a growing focus on non-core properties and emerging areas where upside potential is greater, especially in the midst of slower retail sales growth and easing rents in prime locations. Retail investment in the first half of 2014 was highlighted by the Link Reit’s disposal of four small-scale shopping centers and also strata sales of 8 Russell Street in Causeway Bay, which received a positive response from investors due its prestigious location. Sales of prime street shops slowed as the quarter progressed due to low yields and still high prices. Industrial investment also showed greater stability in the first half of 2014. After dropping slightly in 1Q 2014, industrial investment picked up in the second quarter as some pent-up demand was released due to improved investor sentiment. More investors returned to the strata market, while the sector is also seeing more purchases by long-term investors, end-users and those aiming to refurbish or convert the property’s use. Capital values of non-residential properties were relatively stable in the first half of 2014, whereas values of office, industrial and retail properties increased by 1% to 2%. Capital value growth was slightly higher in 2Q 2014 as compared to the previous quarter, attributed to the rebound in investor sentiment which has led to firmer asking prices. 

Kent Fong, Executive Director, Investment — Hong Kong, said, “More investors and owner-occupiers have adapted to the cooling measures and are making purchases for the longer-term. Rents for most properties are stable and interest rates remain low, meanwhile supply of quality assets is limited. Capital values have been resilient to the cooling measures and recent momentum in the residential sector, not to mention some record-breaking purchases in Kowloon East, is boosting investors’ confidence.”  

Residential sector resilient to cooling measures as sales reach a new high post-DSD; prices are on the rise

As the first half of 2014 came to a close, residential sales reached nearly 6,000 units in June, the highest monthly total since the introduction of Double Stamp Duty (DSD). Sales showed a steady improvement since April and after slight relaxation of DSD in May. Activity increases remained focused on primary properties with developers seeing brisk sales and some launches oversubscribed as they continued to offer discounts, stamp duty rebates and prices close to those of nearby second-hand properties. More recently, improved market sentiment has penetrated the secondary market, whereas more prospective buyers, including first-time purchasers, are targeting mid-priced flats. As a result, secondary homes sales also climbed to its highest level post-DSD in June, having reached 4,585 units. Secondary homes sales increased by 14% in the first half of 2014 as compared to the second half of 2013.

Strong sales in recent months has brought record high prices in some districts, notably in the New Territories. A new house in Tsuen Wan West transacted at HK$55,889 per square foot, while a flat at Mayfair by the Sea in Tai Po sold for HK$36,132 per square foot. Luxury residential prices dropped by 2.9% in the first half of 2014, but their decline has softened in recent months on the back of more stable demand. Outweighed by a quiet market in the first half of the second quarter, luxury residential prices dropped by 0.5% in 2Q 2014. Existing owners are still facing little pressure to sizably reduce prices due to their low holding cost and also more limited supply.   

Vincent Cheung, National Director, Valuation & Advisory — Greater China, said, “Developers will continue to expedite new launches in the second half of this year as the look to cash in on strong buyer sentiment and close the year with strong sales performance. Recently, owners in the secondary market have been more aggressive on asking prices, but buyers’ response has been more conservative. Overall home prices have been on the rise in recent months, proving resilient to the government’s efforts to cool the market. Strong demand for mid-priced flats will support further price growth of such properties in the second half of this year. Moving up the ladder to those properties priced at HK$10 million and above, I expect prices to be more stable.”

— END —

About Cushman & Wakefield

Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 250 offices in 60 countries and more than 16,000 employees.  It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management.  A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge. In Greater China, Cushman & Wakefield maintains seven market-leading offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong and Taipei. More information is available at www.cushmanwakefield.com.

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Tata Housing Expands its Presence in NCR Luxury Space

DELHI, India, July 16, 2014 /PRNewswire/ —

~ Announces first of its kind gated community Villa development at Sohna Road ~ 

Tata Housing Development Company, India’s fastest growing real estate developer in the luxury space strengthened its presence in the high-end luxury segment in NCR by launching its 4th project Arabella. Strategically located immediately off the Sohna Haryana Highway, Arabella is inspired by the Aravallis and has been aesthetically designed as an extension to the lush green surroundings.

(Logo: http://photos.prnewswire.com/prnh/20140716/697211-a )

(Photo: http://photos.prnewswire.com/prnh/20140716/697211-b )

Designed by renowned architects Perkins Eastman, USA., Arabella is built across approximately 35 Acres and offers 3, 4 and 5 BHK villas right in the heart of Gurgaon – Sohna Road. Designed with the theme of Aravalli ridge and view of the ridges, Arabella is a Villa development with around 150 villas of typologies. The location and orientation of villas on the site integrates with the central open green spaces via the backyard or is inward looking; adapted to the traditional design of courtyards. The private lifts, outdoor pools, roof top landscaped entertainment areas, solar hot water heating, VRV air-conditioning, form a part of the everyday lifestyle of India’s aspirational Urban Elites.

Commenting on the launch of this project, Tata Housing spokesperson said: “The last decade has witnessed a substantial increase in demand for super-luxury residences which have expansive living spaces and extremely sophisticated design and specifications by the new class of wealthy consumers, popularly known as Urban Elites, who have formed an egalitarian social change. With Arabella, Tata Housing is giving a golden opportunity to their consumers to own their dream villas and experience the mesmerizing views of Aravalli Hills.

Tata Housing Spokesperson further added:  “This will be a one of a kind development at Sohna road offering a different proposition for the new age luxury seekers.” 

As the project is inspired by Aravallis, every little detail has been given utmost importance. The project also accommodates a natural lake, a rock garden and a neighbourhood farm, which helps the residents make a direct connection with the natural surroundings.

The development is located immediately off the Sohna Haryana Highway and is well nestled between lush greens farmlands on 3 sides and a dense green buffer planned along the entire highway. The site has beautiful distant panoramic views of the Aravallis and the masterplan has been sensitively designed as an extension to the lush green surroundings of this unique geographical setting.


Contact: 180030048282