Andersen Global, an international company established in 2013, focusses on professional services model to provide best in legal services around the world. It comprises of more than 2,500 professionals with a presence in over 84 locations worldwide. Andersen Global owes its growth success to their best-in-class client services across the globe. Now expanding their presence in the Middle East by collaborating with Alem & Associates, a leading law firm in Lebanon.
Led by Senior Partner, Mohamed Y. Alem, Alem & Associates is a regional law firm with offices in Beirut, Riyadh and Dubai. Providing state-of the- art legal services with a blend of knowledge of the local culture, has made it one of the leading and largest law firms in Lebanon with a direct regional reach. These offices employ 55 seasoned practitioners, which allows them to represents and advises clients throughout the world, with a focus on the Middle East. Their main focus is on issues being the corporate, mergers and acquisitions, real estate, capital markets, banking and finance, energy and environment, aviation, franchising, agency and distribution and construction.
The expansion came upon Alem & Associates’s excellent reputation for its litigation work, arbitration work and an in-depth understanding of their industry, coupled with insight into the markets at hand.
“Focussing on the best-in-class solutions in the middle east, we are keeping in mind the Lebanon, United Arab Emirates and Saudi Arabia as the key markets, while expanding our platform. Alem & Associates, with its quality, gives us a strong foothold and puts us in a lead position in the region,” commented Global Chairman and Andersen Tax LLC CEO, Mark Vorsatz. “Being the top lawyer in Lebanon, we are quite excited to work with Mohamed and his team. But we also hope that he will be a strong leader in establishing our practice in the Middle East.”
“Providing best legal solutions possible and hence a custom-made approach to the needs of our clients became our top priorities. The working professionals that share this mind-set are very important to us,” said Mohamed Alem. “The collaboration with Andersen Global will yield great benefits, as we will be able to deliver a combination of legal services and tax that are not confined geographically.”
Soilbuild Group Holdings Ltd. Streamlines Operations with Yardi Voyager
Integrated property group will manage nearly 4 million lettable square feet with a single connected solution.
Soilbuild Group Holdings Ltd. will adopt Yardi Voyager, a cloud-based, mobile-enabled property management and accounting platform.
Additional products from the Yardi Commercial Suite will automate the measurement of Soilbuild’s financial health, enable precise cost and budget oversight of development projects, deliver portfolio-wide business intelligence and shorten the leasing life cycle.
“Voyager and the Commercial Suite will strengthen us as we undertake the next stage of our business’ growth. Faster access to higher-quality business information will enable decision-making that drives better returns,” said Lim Han Qin director of Soilbuild Group Holdings Ltd.
“Yardi is pleased to welcome Soilbuild Group as another client in Singapore. The company’s new products will replace disparate, outdated systems with a single source of truth and help Soilbuild provide better service to its investors,” said Neal Gemassmer, vice president of international for Yardi.
About Soilbuild Group Holdings Ltd.
Soilbuild Group Holdings Ltd. of Singapore is a leading integrated property group with a successful track record of constructing, developing and managing an award-winning portfolio of residential and business space properties. Soilbuild manages close to 4 million square feet of business space for lease.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, Calif., and serves clients worldwide from offices in Asia, Australia, the Middle East, Europe and North America.
London House Prices Fall For The First Time Since 2009
According to a data shown on Thursday, the average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit.
According to the mortgage lender Nationwide’s calculations, the prices were up throughout the country, they were down in London for the first time since 2009.
While the overall last year UK house prices rose by 2.6 percent it was slower than the 4.5 percent seen the previous year reported the Nationwide. Nationwide’s monthly survey is closely followed by markets.
Nationwide chief economist Robert Gardner said, London saw a particularly marked slowdown, with prices falling in annual terms for the first time in eight years, albeit by a modest 0.5 percent.”
Since 2004 London was the UK’s worst-performing region for the first time. Gardner noted, “How the housing market performs in 2018 will be determined in large part by developments in the wider economy.”
He further added, “Brexit developments will remain important, though these remain hard to foresee.”
In June 2016, since Britain voted to leave the European Union it has pushed inflation up to more than 3.0 percent making imported goods more expensive.
According to Gardner in 2017 low mortgage rates and healthy employment growth continued to support demand for housing. He said, “However, this was offset by mounting pressure on household incomes, which exerted an increasing drag on consumer confidence as the year progressed.”
Since 1975 while UK unemployment is at the lowest level, wages are not keeping pace with inflation. In March 2019 Britain remains on course to exit the EU.
New York Real Estate Hits The Worst Quarter In Six Years
The fourth quarter of the year brought a fall for the sales and prices in the Manhattan real estate. According to the predictions, they are likely to slide even further this year after the new tax rules take effect.
There was a fall of 12 percent in the total sales volume in comparison with the fourth quarter of the last year, termed as the lowest quarterly level in six years. For the first time in two years, the average sales price in Manhattan fell below $2 million. It happened due to the clearing out of the pipeline of legacy contracts, which often came from the new luxury development. But the third quarter saw consecutive increment in the median sales price, driven by re-sales, to $1.06 million. All throughout the quarter, smaller apartments attracted more bidding than larger apartments, impressively 90 percent of these highest-priced sales (at or above $5 million) were all cash transactions.
The declines are being assumed as the result of the confusion by the Republican tax plan, as buyers opted to hold off until the details of the new law came out clear. Many of them are now opting in, finally letting the show gaining a rebound.
According to the analysts the rebounding of sales in the first quarter of 2018, limiting the deductibility of state and local taxes, will continue to add pressure to New York City housing prices. Whereas the luxury market in Manhattan is seeing a saturation in high-end and highly priced apartments. The full impact on prices and sales might take up to a year and a half to two years, for a complete realisation.
The inventory of luxury apartments is shooting up in the Manhattan market, a 15 percent price growth came upon, those in the top 10 percent. The 10-month supply of luxury apartments in Manhattan from a year ago, have now rose to 17 months. These numbers are likely to grow as the city is seeing giant new condo towers sprouting in its every corner.
New developments are expected to rise continuously from this year to next, eventually adding to the inventory. As the demand for “low-end” apartments priced at $1 million to $2 million are displaying strength, the sales of apartments of more than $5 million are up for tougher roads. This trends owes to the discretion of the rich, specifically on their choice of time and location of buying homes. The majority of the apartments that are speculated to take the biggest hits are the one aimed at the riches, as the costs of owning a home in New York is going up with the tax plans. The sellers have to adjust again, after their recalibrations in 2015, as the buyers have already settled.
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