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...Its push to refinance upcoming loans represents a high-profile example of the challenge faced by property owners around the world at a time of higher borrowing costs and lower property values....
...Canary Wharf’s owners Brookfield and the Qatar Investment Authority announced a £300mn equity infusion and a £100mn revolving credit facility for the company in October....
...Private equity group Brookfield and the Qatar Investment Authority, which have owned the east London financial centre since 2015, on Wednesday announced an equity infusion of £300mn and a £100mn revolving...
...S&P also said that “BPY has one of the weakest financial risk profiles within our North America real estate coverage given elevated leverage and thin interest coverage.”...
...Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end...
...Brookfield Property Group said the FDIC was running a “secret” process to sell Signature Bank loans....
...“We felt like there were good deals to be had on local properties right now, which might disappear.”...
...Many property owners are sitting on unrealised losses....
...Equinox said the refinancing had come as its financial picture is recovering....
...Last month the owners of Canary Wharf, private equity group Brookfield and the Qatar Investment Authority, announced a capital injection of £400mn into the estate as it seeks to renew itself and attract...
...She said that “is going to put a lot of stress on the owners of those properties”. Yellen added that she believed the situation to be “manageable”....
...It also has significant property assets....
...As high interest rates push the commercial property market into a slump, few asset owners will sell if they can help it. Blackstone has proved to be an exception....
...That could spell trouble for its owners, Canadian investment giant Brookfield and sovereign wealth fund Qatar Investment Authority, which bought the site’s landlord Canary Wharf Group in a £2.6bn deal in...
...These pledged some of the company’s most valuable assets including reams of its intellectual property and valuable real estate to its new owner, the filings show, meaning Aurelius would have a claim over...
...Now Brookfield is paying top dollar for the business Bhalla has built up. Brookfield will hopefully garner greater credit as an owner than Cinven has at Eurovita....
...Rents on L&G dwellings typically start at £1,000 per month, according to Dan Batterton who heads up the build-to-rent division....
...Brookfield purchased the property through its reinsurance arm, according to Land Registry filings and one person briefed on the deal. Brookfield declined to comment....
...Brookfield and the Qatar Investment Authority, the owners of Canary Wharf Group, will inject £400mn of fresh capital into the London office district, which has suffered the departure of key tenants as companies...
...Beside him is La Coste’s owner and visionary, Belfast-born property investor and hotelier Paddy McKillen, a quietly formidable presence....
...For some US homeowners, the lock-in effect is a huge financial benefit at a time of rising consumer prices....
...Chris Salt is chair of the London financial PR firm Headland Consultancy....
...The rest comes from visitors; fees, events and the support of many Friends worldwide (l.saintleger@vaux-le-vicomte.fr, for details)....
...News round-up Morgan Stanley accused of duping ECB with fake Frankfurt job title (FT) S&P Global close to acquisition of research platform Visible Alpha (FT) Carlyle in talks with London airport owner...
...Sales may accelerate as more owners are forced to refinance. Nearly $900bn in US commercial property debt is coming due this year and next, according to MSCI, a financial data firm....
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