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Nick and Christian Candy, the property entrepreneurs, have acquired full control of two large luxury residential developments in the UK and US after funding partner Kaupthing defaulted on the terms of the ownership agreements.

Frightened investors pile into property (Times Online)
Investors who have lost faith in the banking system are turning to property as a safe haven for their cash.

UAE: Importance of Property Insurance Emphasised at Cityscape 2008 (MENAFN)
UAE: Importance of Property Insurance Emphasised at Cityscape 2008

Property expo gets lukewarm response from prospective buyers (IE via Yahoo! India News)
Home buyers refuse to bite the bait despite developers offering a host of sops at the Maharashtra Chamber of Housing Industry’s four-day property exhibition that began on Thursday.

DIC Asset Plans to Buy Back as Much as 5 Percent of Own Shares (Bloomberg)
Oct. 9 (Bloomberg) — DIC Asset AG , the German commercial- property investor that counts Siemens AG among its tenants, plans to buy back as much as 5 percent of its shares.

Candy Brothers Buy Kaupthing Projects in U.K., U.S., FT Says (Bloomberg)
Oct. 10 (Bloomberg) — Nick Candy and Christian Candy , property entrepreneurs, have acquired full control of two residential developments in the U.K. and U.S. after Kaupthing Bank hf defaulted, the Financial Times said.

International high-flyers buy Te Horo property (Scoop.co.nz)
A global movie executive and a top modeling agency fashion consultant based in the UK have splashed out $900,000 to buy a beautiful lifestyle home at Te Horo site-unseen - after viewing the property on the internet.

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