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Chinese machinery makers, Shandong Heavy Industry Group, has signed a deal this January at Jinan in Eastern China, with Ferretti, the Italian luxury yacht maker. By sealing the deal, the group takes a 75 percent share in the luxury yacht maker company. With European companies unable to handle the financial crisis in Europe, Chinese companies have been taking advantage of the situation by acquiring top branded companies at relatively low prices. The deal also highlights the growing demand for luxury yachts in China, which has its share of marinas growing along the southern coast.

According to The Ferretti Group chairman, Norberto Ferretti, the deal would help the luxury yacht company capitalize on the growing global yacht market estimated at $9 billion. As per the new deal, the management team, headquarters and production units would remain in Italy whereas Shandong group would manufacture luxury yacht for its domestic market in China.

Shandong Group would be making an investment of 178 million Euros in equity corresponding to its 75 per
cent stake in the luxury yacht business. The deal would reduce Ferretti's existing loan from 580 million euros to 116 million euros.
According to Olivier Burlot, managing director of the of the international yacht brokerage firm Simpson Marine, in Hong Kong, the opening of new marinas and yachting events in China has propelled the demand for yachts in the country.

This entry was posted on Tuesday, January 31st, 2012 at 5:40 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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While, at the moment, so many of us are not in a financial position to realize all of our dreams or plans, such as having the type of house or interior design we'd like to have, it's good to look for what may in fact be within the realm of possibility. For instance, I would have liked to move last year, but it just wasn't feasible. However, it was feasible to change the ambiance of our current home. I did this in some smaller ways, such as buying just a couple of beautiful place settings for my husband and me, and with a bit larger things, such as some great wall paper. I changed just a few bigger things, such as some of our flooring, as well as redoing the patio. I found fabulous designer wall paper and only needed enough to do an accent wall. I got some new Empire Carpet and great tile flooring all from Empire Today. Next I was able to get a beautiful granite countertop at a discount because it had a couple of dings that really weren't noticeable. I found it interesting to see what was available at the granite outfitters. Sometimes they have pieces that have been cut for other projects that then fell through for whatever reason and you can work with those too. This year, in fact, I want to find that kind of deal for my bathroom vanities. So while it might be piecemeal, my home is in fact becoming more luxurious.

This entry was posted on Tuesday, January 31st, 2012 at 12:22 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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Luxury homes for sale in London can be difficult to find. The best way to find and locate a new potential home is to contact real estate services in London. These services will help you show and locate new properties.

Luxury real estate London is booming as Middle Eastern buyers are spurring the demand. Prices of luxury properties in central London saw their biggest jump in over 9 months as wealthy investors looked to real estate as a kind of safe haven investment. For those who like to splurge, this can still be a worth while investment.

In the last year alone (2011), prices of luxury apartments and houses averaging over 3.7 million pounds increased by more than 10%. Real estate agents in London said they were seeing a lot of demand coming from Arab buyers, as overseas buyers in general were active in London property markets this coming year. It is expected to continue in years to come.

Prime London real estate has become a popular investment class as it appears to have decoupled in a major way from the rest of the UK real estate market. The weakness of the pound has contributed to the attractiveness of UK real estate for overseas buyers as well.

This entry was posted on Friday, January 20th, 2012 at 7:44 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.