By Tom Sims and John O'Donnell MUNICH (Reuters) - It has been a tumultuous year for one prominent German property developer: his efforts to sell his ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Tom Sims and John O'Donnell
A sharp rise in rates, and soaring energy and building costs, put an end to the run. That has tipped a string of developers into insolvency, frozen deals and pushed prices down, prompting the industry to appeal to Chancellor Olaf Scholz for help. The health of Germany's property sector - Europe's biggest property investment market outside of Britain - is critical, making up roughly a fifth of output and providing one in 10 jobs. New building during the first half of the year nearly halved from the past two years.
The penthouse made the cover of Germany's Architectural Digest, and the couple hosted"bunker acoustic sessions", with video clips posted to Loya's Facebook page. In late July, Euroboden called a meeting to ask investors to restructure 92 million euros in outstanding bonds, but after they balked at the new conditions, the company cancelled the meeting days later and filed for insolvency.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Germany adds Georgia and Moldova to list of safe countries of originBERLIN (Reuters) - Germany's coalition government on Wednesday listed Georgia and Moldova as safe countries of origin in a bid to cut asylum ...
Read more »
Germany adds Georgia and Moldova to list of safe countries of originBERLIN (Reuters) - Germany's coalition government on Wednesday listed Georgia and Moldova as safe countries of origin in a bid to cut asylum ...
Read more »
Analysis-High pasta prices set to boil over as Canada's wheat withersBy Gus Trompiz and Rod Nickel PARIS/WINNIPEG, Manitoba - Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in ...
Read more »
Analysis-High pasta prices set to boil over as Canada's wheat withersBy Gus Trompiz and Rod Nickel PARIS/WINNIPEG, Manitoba - Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in ...
Read more »
Wintershall Dea Weighs Selling Stake in Germany’s WIGA PipelineWintershall Dea GmbH, an energy venture between chemicals group BASF SE and billionaire Mikhail Fridman, is exploring the sale of its stake in a company running some of Germany’s crucial gas pipelines, people with knowledge of the matter said.
Read more »
Analysis-High pasta prices set to boil over as Canada's wheat withersPasta lovers must brace to pay even higher prices for their favorite dish, as drought in Canada and bad weather in Europe damages crops of durum wheat and reduces supplies available to flour millers and food companies. Italy's government called a crisis meeting in May as prices for the staple food jumped by more than double the national inflation rate. With global production of durum wheat headed for a 22-year low, Italy's famed pasta makers have had to turn to unusual suppliers such as Turkey for their main ingredient.
Read more »