(Reuters) - Canary Wharf Group has sold a 1 million square foot (93,000 sq metre) building in London's financial district to a Chinese-Qatari consortium for 795 million pounds ($1.4 billion), the group's owner said on Friday.

Demand for top-quality workspace in Phnom Penh is increasing, so much so that property firm Knight Frank has labelled the capital as the fastest-growing city for rented prime office space in the entire Asia Pacific region.

By Nadja Brandt | Jun 20, 2014 | 3:30 AM | GMT+0700 Hotels with the fewest amenities are proving among the most attractive to U.S. lodging investors as they search for higher returns.

Some visitors heading to the World Cup in June are paying more than $100,000 a week to rent luxury homes in Rio de Janeiro for the monthlong event, sending property owners scrambling to list

China’s home buyers are being offered no-money-down purchases in an echo of the subprime lending that triggered a U.S. economic meltdown and the global financial crisis.

The Asia-Pacific real estate sector, with an estimated worth of USD4.6 trillion, has overtaken the European property market for the first time ever to become the largest in the world.

Residents in the vicinity of Kab Ko market in Phnom Penh’s Chamkarmon district found themselves fumbling in the dark yet again yesterday on the second consecutive day of hours-long power outages.

The construction and renovation of 12 soccer stadiums for the 2014 World Cup in Brazil was plagued by cost overruns, legacy concerns, and missed construction deadlines.

Century 21 is to officially announce the soft launch of its Cambodia operations on the morning of July 24 at the Sofitel Phnom Penh hotel. Century 21 Cambodia will also take the occasion to announce that it has elected Kuy Vat to be acting chairman on the company’s board of directors.

Billionaire Wang Jianlin, chairman of China-based Dalian Wanda Group, has expressed strong interest on investing in multimillion projects in Australia’s property market.