Berjaya Land Berhad (KLSE:4219) is teaming up with Jeju Free International City Development Center (JDC) to develop a resort-type residential and commercial complex in Jeju in South Korea at a cost of US$2.6 billion.
Berjaya Land’s wholly-owned unit Berjaya Leisure (Cayman) Limited signed the joint venture agreement with JDC on 29 April 2008.
Under the agreement, Berjaya [...]

ProLogis, the world’s largest owner, manager and developer of distribution facilities, announced today that it has acquired the industrial development business of Parkridge, a leading European developer of distribution centers. The total consideration for Parkridge is approximately 298 million pounds sterling ($581 million) in cash and ProLogis common shares.
The transaction combines two of the most [...]

Van der Moolen Holdings NV said Tuesday its Van der Moolen Specialists USA LLC unit will slash about 30 percent of its work force, with expected cost savings of about US$4.5 million (euro3.47 billion) a year.
The brokerage could not immediately say the number of jobs to be cut.
The action comes as the New York [...]

Reliance Pacific Bhd (RPB) (KLSE:8885) and IJM Corporation Bhd (KLSE:3336( have are selling their joint venture Avillion Hotel in Sydney for A$115 million (US$89.9 million).
RPB has been managing the hotel since it was opened in 2000 just before the Sydney Olympics.

SOUTHINGTON - LePage Homes may have a site plan that’s already been approved by the Conservation Commission, but a public outcry at Tuesday’s Planning and Zoning Commission meeting showed LePage does not have the support of some vocal neighbors surrounding the proposed development.
During a public hearing that ran for more than two hours before [...]

The Indian unit of Dubai-based Emaar Properties has set up a venture with French hotel firm Accor to develop 100 hotels in India over a decade with an investment of $300 million, top officials said on Monday.
The tie up will roll out 10,000 budget hotel rooms in India over the next 10 years, said [...]