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Bahrain may need to boost interest rates to protect currency, IMF warns

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Monday 21 August 2017 Dubai- based developer Invest Group Overseas (IGO) has announced the launch of a new Dhs500m ($136.1m) tower in Jumeirah Lake Towers . Construction of IGO 101 is scheduled to begin in December and forms part of the firm’s plans to invest Dhs2bn ($544.4m) in projects in the build-up to 2020, IGO said. The 195m tower in Cluster K will include 39 floors with 449 one-, two- and three-bedroom apartments, a gym, health club, squash court, outdoor swimming pools , a sun deck, a kid’s play area and retail and food and beverage outlets. IGO managing partner and CEO Dr Anas A Kozbari said the project would target the “affordable luxury” segment. “We intend to increase the inventory and plug a much-desired gap in the market for premium homes at affordable prices ,” he said. The project is expected to be completed in the fourth quarter of 2020 and will add to IGO’s current Dhs.4.5bn portfolio of delivered projects including the Polo Residences and the Polo Townhouses in M...

Dubai-based IGO to build $136m residential tower in JLT

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Dr Anas A Kozbari, managing partner and CEO of IGO. RELATED ARTICLES: Nakheel to award Dragon Towers contract by end of 2017 | Eshraq awards $39m contract for Abu Dhabi tower | Salini Impregilo wins $435m Meydan mall contract Dubai- based developer Invest Group Overseas (IGO) has launched the IGO 101 tower, its latest residential project in Dubai’s Jumeirah Lakes Towers (JLT). With an investment of $136m (AED500m), the 195- metre tall tower will include G+39 floors and will be located in Cluster K of JLT. The project will comprise 449, one-, two-, and three-bedroom apartments that will feature amenities including a gym, health club and squash court, outdoor swimming pools , and kids area, as well as retail, food and beverage outlets. Construction will begin in December 2017, with a scheduled completion in the fourth quarter of 2020, IGO said. Dr Anas A Kozbari, managing partner and CEO of IGO, said that the company plans to fill a gap in the ...

AvalonBay Communities (AVB) Q2 2017 Results - Earnings Call Transcript

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AvalonBay Communities, Inc. (NYSE:AVB) Q2 2017 Earnings Call August 03, 2017 1:00 pm ET Executives Jason Reilley - AvalonBay Communities, Inc. Timothy J. Naughton - AvalonBay Communities, Inc. Sean J. Breslin - AvalonBay Communities, Inc. Matthew H. Birenbaum - AvalonBay Communities, Inc. Kevin P. O'Shea - AvalonBay Communities, Inc. Analysts Nicholas Joseph - Citigroup Global Markets , Inc. Nick Yulico - UBS Securities LLC Richard Allen Hightower - Evercore ISI Juan Sanabria - Bank of America Merrill Lynch Andrew T. Babin - Robert W. Baird & Co., Inc. Austin Wurschmidt - KeyBanc Capital Markets , Inc. Dennis Patrick McGill - Zelman & Associates Wes Golladay - RBC Capital Markets LLC Alexander Goldfarb - Sandler O'Neill & Partners LP Vincent Chao - Deutsche Bank Conor Wagner - Green Street Advisors , LLC Richard Hill - Morgan Stanley & Co. LLC Robert Stevenson - Janney Montgomery Scott LLC Operator Good morning, ladies and gentlemen, and welcome to AvalonBay...