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...The developer and manager of the London docklands estate — owned by Brookfield and the Qatar Investment Authority — on Thursday reported a 14.7 per cent annual fall in the value of its property holdings...
...Sam Pollock, chief executive of Brookfield’s infrastructure investment arm, told the Financial Times that he believes a “deglobalising” world, where large companies are bringing production closer to home...
...Canary Wharf’s appeal to large companies has suffered since the Covid-19 pandemic, as staff have shifted to working from home and businesses cut office space....
...Responding to popular concerns about commercial real estate — rising interest rates and work-from home-trends — he said: We have always focused on owning premier real estate in the best locations, which...
...Holding out for Brookfield’s price — $55 per share — now looks wise. A full $39 per share of the buyout price is in cash. Brookfield is paying the rest in the stock of its listed asset manager....
...Almost $40 of the per-share consideration is to be in cash, with the remainder to be paid in shares of Brookfield Asset Management, a listed affiliate of Brookfield....
...Brookfield manages more than $825bn and has been investing in the Middle East since 1997....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...Brookfield Asset Management predicts consolidation in the private capital industry as challenging financial markets force smaller players to find homes inside larger institutions, causing a handful of industry...
...Two scoops to start: Billionaire “vaccine prince” Adar Poonawalla has reached a deal for London’s most expensive home sale of the year, agreeing to pay about £138mn for a 25,000 square foot Mayfair mansion...
...“Away from home, our fans are fantastic,” he said. “But at home they have a few drinks and probably the prawn sandwiches, and they don’t realise what’s going on out on the pitch.”...
...He will have separately taken home less than $10mn in cash pay for his 25-months at the wheel. Scherr will, however, keep one fringe benefit....
...“They’d follow me from my home, from when I went out in the morning . . . all the way to where I work, and take videos of me entering the building,” he said....
...Nomura’s offices are in downtown Manhattan, but McElligott’s home is about 30 miles away in New Jersey....
...Privately owned Armani and Dolce & Gabbana are also holding tight....
...Brookfield came on board in 2019, buying out a minority investor and a portion of KKR’s holdings to amass a 50 per cent stake....
...Rapid rises in mortgage rates had at first propelled homebuilder stocks, because they made current homeowners holding cheaper fixed-rate loans less willing to sell their properties....
...Rivals like Home Chef and Berlin-based Hello Fresh fought for the same market share. Blue Apron’s marketing spend was equal to 18 per cent of revenue last year....
...For some, the move away from the company’s longtime home marked a shift in priorities from engineering to financial performance....
...But the tour’s tense negotiations with the PIF elicited interest from investors closer to home, pushing the golf establishment into the arms of some of America’s richest sports owners....
...First Abu Dhabi Bank sold its payments arm to Canadian asset management firm Brookfield while keeping a large minority stake last year....
...Evergrande will continue to build homes, he said. “The Group will still strive to do everything possible to ensure the stability of domestic business and operations.”...
...This marks the first time that European ETF investors have favoured “junk” bonds in their home market over the US since 2019....
...A version of this article was first published by Nikkei Asia on March 11. ©2024 Nikkei Inc. All rights reserved....
...Now she is coming home to attempt the same with Britain’s own problem-stricken giant....
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