Balfour Beatty, the international infrastructure group, today announces the award of a £209 (US$343) million joint venture contract with Graham Contracting for the Regional Transportation District (RTD) in Denver USA to initiate the first phase of design and construction on the North Metro Rail Line project.

This is the third in a series of electrified commuter rail lines that the JV is building across the region as part of its ambitious FasTracks programme, with the first two well under construction as part of the Eagle P3 project, where Balfour Beatty is also engaged in the delivery of the project.


As part of the initial phase, Regional Rail Partners will design and build the new 13-mile commuter rail line from Denver Union Station to 124th Avenue, which will serve Denver, Commerce City, Thornton, Northglenn and Adams County.


Design begins immediately, with the first groundbreaking scheduled for spring of 2014.  The first phase of the North Metro Rail will open in 2018.  When the entire line is completed it will span 18.5 miles between Union Station and 162nd Avenue/Colorado Highway 7.


“We are pleased to be continuing our partnership with the RTD on its successful FasTracks programme through our involvement in the West Rail Line and On-call Services contracts as well as our current work on the Eagle P3 project,” commented Andrew McNaughton, CEO, Balfour Beatty. “This project builds on our growing experience in rail development around the world.”


Balfour Beatty Rail is the managing joint venture partner of Regional Rail Partners.  Stantec Consulting Services serves as the lead designer with Parsons Brinckerhoff serving in the role of a sub-designer to Stantec.


The complete 18.5 mile North Metro Line is part of RTD’s FasTracks transit expansion programme which includes building out six new rail lines, a bus rapid transit line, and redeveloping Denver Union Station as the transit hub of the Denver metro area.


Isolux presenta un ERE para 316 trabajadores de su división de ingeniería, el 32,7% de la plantilla.


Isolux ha planteado a los sindicatos un expediente de regulación de empleo (ERE) para 316 trabajadores de su división de ingeniería, el 32,7% del total de 965 empleados de esta división, según informaron a Europa Press en fuentes de la Federación de Metal, Construcción y Afines de UGT (MCA-UGT). Se trata del cuarto ajuste de personal que el grupo que preside Luis Delso realiza en el último año, tras los pactados en construcción en diciembre de 2012 y en junio de 2013, y el planteado recientemente para el área corporativa. En cuanto al ERE de ingeniería que acaba de presentar a los sindicatos, Isolux lo atribuye a “causas organizativas y de producción”, derivadas del descenso de cartera de obras. El expediente afecta a varios centros de trabajo de la ingeniería de Isolux. Por categorías profesionales, el grueso del ajuste se aplica al grupo de operarios, con 164 afectados, por delante de los técnicos (120 efectivos), del personal administrativo (28 empleados) y del directivo (4 afectados). Isolux es uno de los grandes grupos constructores españoles que han planteado ajustes en sus plantillas en España en el último año y medio junto con FCC, Acciona y Comsa-Emte, ajustes que también han afectado a grupos cementeros como Cementos Portland, Holcim y Cemex.

Eira’s first freehold commercial tower launched in Dubai

REIDIN – Daily Dubai – Dec 17, 2013

Royal Star International and Centurion Residence Limited have entered into a joint venture to launch the ‘Centurion Star Tower’ – the first freehold commercial property in Deira.

It is spread across two twin mirror image buildings with a total built up area of 492,000 square feet.

This 12-storey office building will have freehold retail spaces and offers magnificent views of the creek and Dubai Creek Golf and Yacht Club. Finance facility on this project is provided by Mashreq Bank.

“Commercial real estate sector is set to take a giant leap forward and with Dubai winning the Expo2020 bid – this has now become a reality… There is a major gap that we have filled in by launching this office property that is located in the heart of the city. There is a huge demand for our project due to the exponential growth that the city is currently experiencing. We have a lot of enquiries from local business entities and overseas investors who would want to enter UAE and set up their businesses,” said Hamzah Abu Zannad, Director of Operations, Royal Star International.

The office sizes start from 800sqft to 1,500sqft and ideal for small and medium businesses.

Centurion Star Tower has 168 offices, 22 shops, rooftop pool with sunbathing decks, 4 gymnasiums, 2 sauna and 2 steam rooms, male and female prayer areas among other amenities and 375 parking bays for owners and their visitors.

More than 40 per cent of the land plot has been dedicated to public landscaping, greenery and fountains adding to the beauty of the building and the entire neighbourhood. In the congested and bustling area of Deira, the building’s private drop off and valet area offers great convenience, and swift accessibility. The office sizes start from 800sqft to 2.000sqft and ideal for small and medium businesses.

“Dubai is a safe haven for investors and a world class business hub. Centurion Star Tower will stand as a testimony to Deira’s performance as a prime business centre – the core of Dubai’s busy trading centre. Deira will always retain the status of being the commercial business district of Dubai – as the first chapter of trading was conceived here,” added Hamzah.

Strategically located in the heart of Deira, the property is just 10 minutes away from the airport and is less than one minute away from the Deira City Centre metro station. Centurion Star Tower is positioned in the middle of Port Saeed area and is opposite Deira City Centre.

The ‘W’ shaped buildings are uniquely designed to capture the essence of the surrounding area of Deira and its creek. The offices enjoy floor to ceiling windows to maximize natural sunlight which promotes healthy workplace atmosphere. Centurion Star Tower has been engineered to offer modern and functional attributes to the tenants, the double height lobbies create a grand entrance that suits a landmark building that sits on its own city block.

“Through this joint venture we are aiming to launch many other prime properties in the near future. Centurion Star Tower is a ready property and we wanted to go ahead with a ready property instead of going for an off plan project.  The property is ready to move in and is a great place for any business to just get in and start performing. They can be productive from day one,” said Hamzah.


Balfour Beatty, the international infrastructure group, has been awarded a place on the National Capital Works Framework for the Defence Infrastructure Organisation (DIO) to design and build up to £400 million worth of large-scale Ministry of Defence construction projects across the UK.

Balfour Beatty joined a special ceremony at the DIO in the West Midlands last Friday, 13 December, to sign ‘Partnering Charters’ which set out a number of principles and behaviours that are intended to promote effective joint working.


Balfour Beatty is one of five contractors to be awarded a place on the framework which has a total value of up to £400 million over an initial four-year period, with the option to extend for up to three years. Each individual project will be valued up to £50 million.


The National Capital Works Framework will operate alongside six regional frameworks and can be utilised at any defence site across the UK allowing for the delivery of a diverse range of high value, technically complex construction projects, and projects that require delivery across regional boundaries.


The framework will introduce the use of Building Information Modelling (BIM) to Ministry of Defence construction projects. Balfour Beatty is a leading practitioner in this area and through its dedicated BIM ‘Centre of Excellence’ and technology partnerships with Autodesk and Bentley, is already providing support to the BIM standards required by government from 2016 to nearly sixty live projects across the UK.


Andrew Manley, Defence Infrastructure Organisation Chief Executive, said: “For the Armed Forces to live, work and train effectively on the military estate, the DIO is putting in place an agile new suite of contracts under Next Generation Estate Contracts. The Capital Works Frameworks provide for ever improving value for money, competitive tension and the ability to meet the demand of future requirements across the UK defence estate. Defence Transformation under the Strategic Defence and Security Review is driving major change and modernisation and we will be looking to our industry partners for their support by sharing their expertise with DIO service delivery staff as the programme moves forward and project requirements are identified.”


Bob Clark, Balfour Beatty Executive Director, said: “It is a tremendous privilege to be appointed to the Defence Infrastructure Organisation’s National Capital Works Framework. We are committed to continuous improvement and have a proud track record of delivering major defence projects including the £280 million USAF housing framework for visiting US forces and the £160 million Flagship programme delivering the Royal Navy’s Training Estate Programme, and we are looking forward to working with the Defence Infrastructure Organisation over the duration of this framework as well. Balfour Beatty has a long-established reputation for providing a leading service on frameworks and is currently a contractor on nearly a dozen major frameworks across the UK.”

Balfour Beatty’s position on this national framework follows last month’s appointment to the DIO Regional Framework for Capital Works Projects for East Midlands and Eastern England, valued at £250 million and last week’s joint venture contract award for the new £121 million Defence College of Technical Training at the former RAF Lyneham airbase.

El precio de la vivienda aumenta un 0,7% en el tercer trimestre, primera subida desde 2010


El precio de la vivienda vuelve a tasas positivas después de doce trimestres mostrando retrocesos trimestrales. El precio de los pisos nuevos moderó su corrección interanual casi cinco puntos, al retroceder un 7,9%, frente al -12,7% del segundo trimestre del año, mientras que el precio de la vivienda usada cayó un 8% en tasa internanual, frente al retroceso del 12,1% del trimestre anterior.


Los precios de la vivienda libre aumentaron un 0,7% en el tercer trimestre del año en relación al trimestre anterior y registraron así su primer crecimiento trimestral desde el segundo trimestre de 2010, según ha informado el Instituto Nacional de Estadística.

De esta forma, el precio de la vivienda vuelve a tasas positivas después de 12 trimestres mostrando retrocesos trimestrales. Ya en el segundo trimestre de este año, el precio de la vivienda logró moderar su caída casi seis puntos, al registrar un descenso del 0,8%, frente al -6,6% del primer trimestre. Por tipo de vivienda, tanto los precios de la vivienda nueva como los de la vivienda usada regresaron a tasas positivas en el tercer trimestre del año en relación al trimestre anterior. En concreto, los precios de la vivienda de segunda mano aumentaron un 0,1%, mientras que los de la vivienda nueva se incrementaron un 2,3% respecto al segundo trimestre.

En términos interanuales (tercer trimestre de 2013 sobre igual trimestre de 2012), el precio de la vivienda libre moderó su ajuste más de cuatro puntos al bajar un 7,9%, su menor descenso desde el tercer trimestre de 2011. Por tipo de vivienda, el precio de los pisos nuevos moderó su corrección interanual casi cinco puntos, al retroceder un 7,9%, frente al -12,7% del segundo trimestre del año, mientras que el precio de la vivienda usada cayó un 8% en tasa internanual, frente al retroceso del 12,1% del trimestre anterior.

A pesar de ello, son ya 22 los trimestres consecutivos en los que los precios de la vivienda libre presentan tasas interanuales negativas. El precio de la vivienda comenzó a caer en el segundo trimestre de 2008(-0,3%) y desde entonces la tendencia no se ha revertido, aunque ha comenzado a mostrar síntomas de moderación. El IPV que publica Estadística es compatible con las exigencias de Eurostat y complementa al que publica trimestralmente el Ministerio de Fomento. Entre sus objetivos se encuentra el de servir de elemento de comparación entre los Estados miembros en lo referente a los precios de la vivienda.


La banca española desarrolla 6.300 pisos en sus suelos para potenciar su venta


12 de diciembre del 2013

Cinco Días, Juande Portillo/Raquel Díaz Guijarro, 06 de diciembre – Si el estallido de la burbuja convirtió a las entidades financieras en las mayores inmobiliarias del país, sus esfuerzos ahora por intentar sacar de balance el pesado lastre del ladrillo las está transformando también en uno de los principales promotores. Solo entre cuatro de las mayores entidades del país están desarrollando en estos momentos varias decenas de los solares que se han adjudicado durante la crisis con el objetivo de construir unas 6.300 viviendas que sacar a la venta.

Grandes urbes y playas son los destinos preferidos

No hay nada como pasear hoy por las zonas metropolitanas de las grandes ciudades o los destinos más turísticos de España para comprobar cómo ha cambiado la crisis el paisaje. Frente al enjambre de grúas de hace seis o siete años, encontrar ahora una promoción inmobiliaria en marcha es todo un acontecimiento. Valga como ejemplo un dato: en lo que va de año se han visado apenas 26.000 casas, un volumen que durante el boom se registraba en solo 30 días.

Un análisis de los datos aportados por las entidades financieras permite concluir que aunque parece reactivarse tímidamente la construcción después del ajuste de precios que acumulan los inmuebles (que las distintas estadísticas disponibles sitúan en el entorno del 40 %), solo se localizan nuevos desarrollos en determinados enclaves. Los preferidos son los barrios consolidados de las grandes urbes, que son los que cuentan con las mejores comunicaciones y servicios, y las áreas con mayor peso de la vivienda turística donde las casas valen hoy de promedio la mitad que hace cinco años. “Solo si se ajusta el precio final de las casas a la nueva realidad del mercado, es rentable volver a edificar porque se conseguirán vender todos los pisos”, asegura un portavoz de una entidad. No obstante, hasta que no mejoren el crédito y la situación económica, no se reactivará la construcción.

Banco Santander, que durante 2013 ha completado 622 viviendas, mantiene obras en curso para la finalización de 1.676 más entre promoción propia y promoción delegada en suelo de su balance. BBVA, por su parte, cuenta con una docena de desarrollos abiertos con el objetivo de transformarlos en 2.700 inmuebles más. Banco Sabadell, a su vez, espera culminar 1.700 viviendas en 43 de sus solares.

Finalmente, Bankia, que ha pasado el grueso de sus activos a Sareb –aquellos con un valor superior a 150.000 euros– tiene ya avanzada una promoción de 200 viviendas en Madrid que espera comercializar en breve. Las otras dos grandes entidades del sector, CaixaBank y Popular, han rehusado facilitar información sobre sus promociones en curso. Obras que, sobre todo en el caso de la entidad catalana, elevarían con fuerza la cifra de 6.273 viviendas que están desarrollando las cuatro entidades citadas.

Solo tomando esta cifra, en todo caso, la banca es ya responsable de al menos el 12,5 % de las viviendas que se inician anualmente en España, tomando como referencia las 50.000 registradas en 2011, último año del que ofrece datos Fomento. Si en lugar de vivienda iniciada, se compara con visados de casas, hasta septiembre pasado se habían contabilizado 26.129 permisos de edificación, la cifra más baja de la serie histórica.

Entonces, hasta septiembre la banca edifica el 24 % de las casas en marcha, o lo que es lo mismo, casi una de cada cuatro. Pese a esta parálisis de la actividad, que sitúa la construcción de viviendas en niveles nunca antes vistos (y la serie histórica data de 1991), la banca parte con la clara ventaja frente al promotor tradicional de que cuenta con la llave del crédito, que apenas cede si es para inversión inmobiliaria. Así, el saldo de préstamos vivos asignados a la construcción se situaba en junio en 64.195 millones, el nivel más bajo desde 2003, y la mitad que hace solo dos años.

El esfuerzo de la banca, sin embargo, está enfocado a sacar cuanto antes de su balance la carga de suelo, el activo menos líquido y el más penalizado. La regulación impulsada por Luis de Guindos exigió provisiones del 60 % por el suelo, frente al 50 % que se pide por promociones en curso y el 30 % que se aplica a vivienda terminada el primer año.

Sareb estudia concluir un centenar de promociones

La sociedad de gestión de activos procedentes de la reestructuración bancaria, Sareb, no está desarrollando, de momento, los suelos que absorbió de las entidades nacionalizadas o asistidas.Fuentes cercanas a la firma aseveran, sin embargo, que Sareb está estudiando la situación de un centenar de las promociones sin terminar que absorbió para valorar si acometer su culminación. El criterio será el de elegir aquellas obras que quedaran paradas poco antes de su culminación y que, siendo proyectos atractivos, puedan finalizarse que mediante una inversión mínima y en un breve espacio de tiempo, para su comercialización.

En función del tamaño de cada promoción, que la sociedad no ha detallado, el proyecto podría suponer la culminación y la puesta en venta de miles de nuevos inmuebles por parte del banco malo. Aunque se trata del primer paso en este sentido, la iniciativa estaba prevista. El plan de negocio revisado por KPMG la pasada primavera, de hecho, ya contemplaba una inversión de 78 millones de euros para la finalización de obras en curso solo durante el ejercicio 2013. El plan original de la sociedad, elaborado por el FROB, establecía que para 2016 comenzarán a demolerse las promociones mejor situadas pero de peor calidad para comercializar sus solares.


Balfour Beatty, the international infrastructure group, today announces the award of a £121 million joint venture contract to construct the new Defence College of Technical Training at the former RAF Lyneham airbase in Wiltshire for the Ministry of Defence (MOD).

Working in a 50:50 joint venture Balfour Beatty and Kier Construction will deliver new single- living accommodation for military trainees and purpose-built enhanced training facilities including a large outdoor training area and a museum for the Army’s Corps of Royal Electrical and Mechanical Engineers.  The new facilities for over 1100 trainees and 800 staff will bring together Army, Royal Navy and Royal Air Force training provision in one location for the first time in the UK.


The joint venture has committed to working with the Forces Career Transition Partnership which assists military personnel to secure permanent work on completion of their time in service and, Enterprise Works, a Swindon based organisation which supports individuals with a disability, specifically injured ex-services personnel, to secure employment.


At construction peak, the project will employ 900 people including service leavers and injured ex-military personnel.


Balfour Beatty plc Chief Executive, Andrew McNaughton said:


“Over the last five years we have completed defence sector contracts totalling approximately £500 million demonstrating our position as a leading provider of defence related infrastructure for our armed services.  We look forward to working with the Defence Infrastructure Organisation and Kier Construction to deliver a great facility for the MOD.”


Works commence on site early 2014 and are due for completion in the autumn of 2015.


Damac raises $348m in London share sale

REIDIN – Daily Dubai – Dec 04, 2013

Damac Real Estate Development on Tuesday raised $348 million from its London share offer by pricing its global depositary receipts, or GDRs, at $12.25 each.

The property developer, which sold 28.39 million shares valuing the firm at $2.65 billion, may offer an additional 15 per cent of the initial public offering, or IPO, by exercising an over-allotment option that could increase the total proceeds to $400 million.

The GDRs are due to start trading on Friday.

“We are proud to have successfully completed our IPO and believe that the strong investor interest in the Damac story is a testament to the platform we have created and the potential of the company,” Hussain Sajwani, executive chairman and chief executive officer of Damac, said in a statement to Khaleej Times.

It was the first share sale by a Dubai property firm since the emirate’s real estate sector came under pressure in the wake of global financial crisis five years back. The company originally aimed at raising $500 million with the sale of GDRs, but the final price was fixed at $12.25 per share at the bottom of the price range.

“We have built our business on a commitment to delivery for our customers. As we welcome our new shareholders on board we look forward to extending this commitment to delivering sustainable, long term value to these shareholders as we continue to execute on our growth strategy,” Sajwani said.

Citigroup and Deutsche Bank are joint book-runners for Damac’s offering, with the investment banking arm of Saudi Arabia’s Samba Financial Group and VTB Capital acting as co-lead managers.

The property developer, which describes its Akoya project as the “Beverly Hills of Dubai”, is confident to cash in on a renewed interest in Dubai’s property market aided by an overall recovery in the emirate’s economy.

Damac Properties managing director Ziad El Chaar, in a recent interview with Khaleej Times, expressed full confidence in the Dubai real estate market and said it will sustain the upward trend in the coming years. He said the market should sustain 10-15 per cent growth per annum due to huge demand for quality residential and commercial properties.

The master developer  is on track to complete 3,328 units across the region by the end of 2013. It has completed 8,887 units to date and has a further 23,688 units at various stages of progress and planning across the Middle East region.

Damac Properties was established in 2002, as a private, residential, leisure and commercial developer in Dubai and the Middle East. It has expanded into Iraq, Jordan, Lebanon, Qatar and Saudi Arabia in past one decade.



Expo 2020 impact: Dubai property prices will witness rise in short term, but rents won’t.

REIDIN – Daily Dubai – Dec 02, 2013

Property prices in Dubai are set to increase in the short term, but with the real estate sector will witness a stable and sustainable growth in the long run, believe experts.

Jones Lang LaSalle, a global real estate consultancy, says the direct impact of Expo 2020 win will be on investor sentiment, leading to rise in asking price for both plots and ready villas/apartments in developments close to the Expo site and Jebel Ali area.

Parvees Gafur, Chief Executive Officer, Prop Square Real Estate, adds: “We anticipate there could be jump in prices on a instant basis and with a gradual increase on ‘actual demand’. Most benefiting could be TIER 2 communities and majority of them are on the corridors of the main Expo venue.”

Rents are less likely to increase immediately as the real consumer will take time to enter markets subject to their mobilisation of businesses, he states, adding there are proper rent controls set by Dubai’s Real Estate Regulatory Agency on existing properties as well.

On the development front, JLL believes supply levels in the corridor to the south of Dubai are likely to increase as a result of a successful Expo bid.

“A number of developers have major land holdings around Dubai World Central and plans to develop these are likely to be ‘kick started’ on the back of the improved sentiment resulting from the World Expo decision,” says Alan Robertson, CEO, Jones Lang LaSalle, Mena.

Cluttons, another real estate consultancy, adds that the market will see a more sustainable and stable growth.

“We feel the much talked about “Expo boost” has already been priced into the real estate market to an extent. Dubai has already seen a surge in property prices and we expect a trend of more stable and sustainable growth to persist over the short term,” says Steve Morgan, head of Cluttons Middle East.

“The fast-tracking of projects designed to complement city’s 2020 vision of hosting 25 million tourists is inevitable and this will involve the resumption of work on some of Dubai’s stalled schemes.”

Cluttons believes the majority of investment in the short term will go towards the delivery of the Expo site, accelerating transport infrastructure, retail, leisure and hospitality.

“I believe we will see strong demand across a variety of sectors including retail, tourism and hospitality, for example hotels and malls, as well as residential, commercial and logistics projects that cater to the increased number of visitors – this is an opportunity for real estate developers to make a positive contribution to the future of Dubai,” says Khaled Al Malek, Group CEO of Dubai Properties Group.

He adds: “Though our diverse portfolio of popular residential communities, commercial and retail developments as well as our large land bank, we believe we are well placed to capitalise and support Dubai’s growth, and the increased demand a successful Expo 2020 bid will bring.”




Уважаемые участники рынка зарубежной недвижимости!

Мы рады сообщить вам о том, что следующая международная выставка-форум «Вся Недвижимость Мира», пройдет с 4 по 6 апреля 2014 года в выставочном зале Центра Международной Торговли (Краснопресненская набережная дом 12) .

Московский Центр Международной Торговли – крупный многопрофильный бизнес-комплекс, расположенный в самом центре Москвы, в непосредственной близости от Кремля, Дома Правительства РФ и здания Правительства Москвы.

На сегодняшний день Центр Международной Торговли занимает лидирующие позиции в создании благоприятных условий для эффективной деловой деятельности представителей бизнес-сообщества международного уровня.

Отдельно хочется подчеркнуть, что вся выставочная деятельность на территории Центра Международной Торговли проходит под патронажем Правительства Москвы и Торгово-Промышленной Палаты РФ.

Также мы рады сообщить вам о том, что апрельская выставка будет проходить в совершенно новом для нас формате: 4-5 апреля – дни традиционных выставочных стендов, мастер-классов и презентаций; а 6 апреля состоится  «Инвестиционный форум», который пройдет дл я всех участников в формате  Конференции с ведущими инвестиционными компаниями РФ и частными инвесторами, заинтересованными в рынке зарубежной недвижимости.

Таким образом, все экспоненты будут иметь возможность представить свои наиболее перспективные проекты и привлечь к ним внимание международного бизнес-сообщества как в лице частных инвесторов, так и крупных инвестиционных компаний.

Ждем ваших заявок на участие в весенней выставке «Вся Недвижимость Мира» и надеемся на новое интересное и взаимовыгодное сотрудничество!

Также до 15 декабря действует специальное предложение для всех желающих участвовать в выставке.

Подробности по телефону + 7 495 991 47 17  или по электронной почте


Dear Participants of the real estate market!

We are happy to announce that the next International Exhibition-Forum “Property WorldWide” will be held from 4th till 6th of April 2014 at the Exhibition hall of International Trade Centre (Krasnopresnenskaya Naberezhnaya, 12).

Moscow International Trade Center is a large multi-business complex, located in the center of Moscow, next to the Kremlin, the House of Government of the Russian Federation and the Building of Moscow Government. Till this moment the International Trade Center is a leader in the creation of favorable conditions for efficient business operations and business community representatives of the international level. Separately, it was emphasizing that the entire exhibit activity in the International Trade Center is under the patronage of the Moscow Government and the Chamber of Commerce of the Russian Federation.

We are also pleased to inform you that the April Exhibition will be held in a brand new format for us:

–        April 4-5 –the days of a regular exhibition, workshops and presentations;

–        April 6th the “Investment Forum” for all participants in the Conferenceformat with the leading Russian Investment Companies and private investors.

Thus, the exhibitors will have the opportunity to submit their most perspective projects to the international business community such as private investors, and large investment companies.

Specially offer for potential exhibitors until 15 December.

Please submit your applications for participating at the April Exhibition-Forum “Property Worldwide” on our email:  or phone +7 495 991 47 17


We are looking forward to an interesting and beneficial cooperation!