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...Most publicly listed property trusts in the US can handily cover dividends using cash flows from rents, according to Green Street, a commercial real estate research group....
...The two entities controlled by Benko’s family trusts were not part of this group, the complaint asserts....
...Creditors of one of the main companies in René Benko’s Signa Group have alleged it fell into insolvency because of “illicit” financial transactions, not a downturn in the European property market....
...A series of property group defaults has meant “end buyers don’t trust developers any more,” said Andrew Lawrence, Asia property analyst at TS Lombard....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn in the country’s largest financial fraud, state media reported....
...It underscores the financial risk Blackstone assumed to draw UC’s investment by promising high returns on property investments hit by rising interest rates....
...The Financial Times reported last month that Blackstone has built a $560mn liability to the US as a result of its return promise after the fund lost value last year....
...That pushed the discount rate as high as 17 per cent, its widest since the financial crisis....
...You will then hold his proportion of the sale proceeds on trust for his estate. The sale would at least mean that you would no longer be liable for the ongoing property expenses....
...Loans from the fund are typically extended for up to 20 years, secured against property assets and carrying a “commercial” interest rate....
...This can cause delays or result in the will being treated as unworkable under French law, particularly if trusts are involved....
...Warehouse owner Tritax Big Box has agreed a takeover deal for a smaller rival to create the UK’s fourth-largest listed landlord, in the latest example of consolidation among real estate investment trusts...
...It is unclear how much money remains in his opaque family trusts, however, which are held in his mother’s name in Austria and Liechtenstein....
...You can also think about non-financial assets, from heirlooms to personal and digital items....
...“I am convinced that with the present restructuring plan and the structured trust sale process we have achieved the best solution for the creditors,” said Signa Development administrator Andrea Fruhstorfer...
...Liechtenstein’s chief public prosecutor has opened an investigation into the financial affairs of the Austrian property mogul René Benko for possible money laundering and fraud in the tiny, secretive alpine...
...Research from Natixis showed that Chinese trust companies’ exposure to property in the second quarter of last year was 6.7 per cent, down from 15 per cent in 2019....
...“We are a country that has been abandoned by its domestic investor base,” Altmann told the Financial Times....
...They will be adhered to and protected by schemes such as trusts....
...The UK has had a spate of deals in recent years as smaller real estate investment trusts (Reits) are taken private or try to grow to a size that will appeal to more investors....
...Blackstone has a financial exposure to the trust....
...Broker Liquidnet said it has seen a surge in trading volumes in real estate investment trusts, and also in property-related debt — not just in the speculative part of the market, but also at the more conservative...
...Urban Logistics REIT, whose stock ticker is SHED, is the latest to pounce, launching a counter-offer for Aberdeen Property Income Trust this week with aims to create a vehicle worth £800mn....
...The seller of the property pitched Burke to her as a problem-solver. “I know how to help you and make this work. Not just this property. But globally. Bank accounts. Funds. Trusts. Art....
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