In a landmark deal, Abu Dhabi Ports Group (AD Ports) has committed to a transformative investment in Angola’s Port of Luanda, marking a significant phase in international maritime expansion. The agreement secures a 20-year concession, extendable for another ten years, with an ambitious investment of $410 million. This initiative will revamp the port’s multipurpose terminal, […]
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Financial Heart Faria Lima Tops São Paulo’s Commercial Rent Increase
Faria Lima, known as São Paulo’s financial epicenter, is seeing unprecedented hikes in commercial rent, significantly outperforming other city regions. A report by Cushman & Wakefield indicates a 20% surge in office rental costs in 2023, with expectations for continued high rates. Last quarter, Faria Lima averaged R$220 ($44) and Itaim R$280 ($56) per square […]
