NNN Lease Market News
Distressed Commercial Property Markets on Demand Soars
Global demand for distressed commercial property increased dramatically in the second quarter of 2011 and is expected to outstrip supply in the next three months, according to the latest report from the Royal Institution of Chartered Surveyors.
The survey does, however, suggest that the supply of distressed property continues to outstrip demand in some countries, most noticeably in the Republic of Ireland, Italy and the UK.
The RICS Global Distressed Property Monitor is a quarterly report that reveals trends in 25 commercial property markets across the globe. A distressed property is defined as a property that is under a foreclosure order or is advertised for sale by its mortgagee. Distressed property usually fetches a price that is below its market value.
An increased rate of distressed properties entering a country's market can be seen as a negative economic indicator while a decrease may signal recovery. However, it needs to be borne in mind that the results are very country specific with generally negative numbers coming from those markets where the economic pain is most intense,’ he added.
Investor demand fell in Brazil this quarter, from a net balance of 0 to one of -23. Looking ahead, agents expect the supply of distressed property to fall dramatically in the coming quarter as well, in contrast to last quarter's expectations for increased listings. That said, the real estate market still remains firm with capital values generally thought likely to rise further over the coming months.
Levels of distressed property coming to market in China are still expected to decline in the third quarter, although somewhat less so than the previous quarter, with net balance scores moving from -34 to -20. Looking ahead demand for distressed property is still expected to far outstrip supply in this country which is consistent with the projection for further price gains in the commercial market.
Showing posts with label Brazil. Show all posts
Showing posts with label Brazil. Show all posts
Tuesday, August 30, 2011
Tuesday, March 8, 2011
Ajinomoto Co. Seasonings Maker May Spend $3.7 Billion on Acquisitions in Three Years
NNN Lease Market News
Ajinomoto Co., the Japanese seasonings maker that first sold monosodium glutamate, may spend 300 billion yen ($3.7 billion) on acquisitions in the next three years as the company expands overseas.
“We want to beef up our strong areas like Brazil and Southeast Asian countries as well as expand in new markets such as the Middle East and Africa,” President Masatoshi Ito, 63, said in an interview at the company’s Tokyo headquarters yesterday. In July, a team directly reporting to Ito will be set up to study potential purchases and alliances, he said. ...http://www.bloomberg.com/news
Ajinomoto Co., the Japanese seasonings maker that first sold monosodium glutamate, may spend 300 billion yen ($3.7 billion) on acquisitions in the next three years as the company expands overseas.
“We want to beef up our strong areas like Brazil and Southeast Asian countries as well as expand in new markets such as the Middle East and Africa,” President Masatoshi Ito, 63, said in an interview at the company’s Tokyo headquarters yesterday. In July, a team directly reporting to Ito will be set up to study potential purchases and alliances, he said. ...http://www.bloomberg.com/news
Although traditional East Asian cuisine had often used seaweed extract, which contains high concentrations of glutamic acid, it was not until 1907 that MSG was isolated by Kikunae Ikeda. MSG was subsequently patented by Ajinomoto Corporation of Japan in 1909. In its pure form, it appears as a white crystalline powder that, as a salt, dissociates into sodium cations and glutamate anions while dissolving (glutamate is the anionic form of glutamic acid).
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