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...The picture in New York was similarly grim in the third quarter, according to CoStar data....
...Emeria is also backed by the private equity group TA Associates....
...Vacancy rates in London hit a 20-year high in the third quarter, according to data provider CoStar....
...Office vacancy in Canary Wharf remains higher than in other London districts at 14 per cent, compared with 11 per cent in the City and 6 per cent in the west end, according to CoStar data....
...Munich Re chair Nikolaus von Bomhard and his BASF counterpart Kurt Bock were both previously the most senior operational executives at their respective groups....
...CoStar, a US property data group, is buying rival UK property listings group OnTheMarket. The market value of CoStar is six times that of Rightmove at $34bn (£27bn)....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...The company also faces a threat from the roughly £100mn acquisition of smaller rival property search platform OnTheMarket by the well-funded US property data group CoStar....
...The YY building, built in 1991, was designed by Kohn Pedersen Fox for the Canary Wharf Group and became an architectural landmark of the financial district....
...This story was corrected to reflect that Group 1 Automotive has 55 sites in the UK, not 51 as indicated in a previous version....
...The group estimated the rule would cost airlines $33bn over 10 years....
...It will also pay at least £260mn in a separate deal to hand its tenancy of a second building, 10 Cabot Square, back to Canary Wharf Group (CWG)....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...Vacancy rates for office space in the UK and US remain around record highs, reports the research company CoStar....
...Average daily room rates in the European luxury hotel sector are 48 per cent ahead of 2019 levels, according to industry data tracker CoStar, compared with a 24 per cent increase for the wider sector....
...By contrast, concert promotion, by far Live Nation’s biggest division with 82 per cent of group revenue, pulled in only 17 per cent of total AOI....
The American economist who once said the age of rapid innovation was over has a striking prognosis about AI
...That segment is dominated by UK-listed Gym Group and private equity owned PureGym....
...This article has been amended to clarify the ownership of The Office Group....
...But investors have soured on the group as it competes in a costly streaming battle with larger competitors such as Disney and Netflix....
...In the seven months to July, average hotel room rates were up 14 per cent on last year and 30 per cent ahead of 2019 levels, according to industry data provider CoStar....
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...Welker is a partner at Sherborne, the investment group that led the break-up of former Hostmore owner Electra in 2021....
...Lok’nStore is set to become the latest company to leave the UK stock market, after the self-storage group agreed to be bought by Belgian-listed rival Shurgard for £378mn....
...The building’s 1.2mn square feet were more than 90 per cent leased, according to recent CoStar data....
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