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...The decision to add lending to Grosvenor’s sprawling interests — which include rural estates, agriculture and overseas property — is part of a strategy to diversify beyond the vast London estate and boost...
...Although Mitsui Fudosan is the largest Japanese property group by value, it has, at 6.91 per cent, the lowest return on equity among peers such as Mitsubishi Estate and Sumitomo Realty....
...Chestertons, one of the UK’s oldest estate agents, has been sold to a European real estate services and technology group, in the latest sign of consolidation in the British property sector.The more than...
...Bankruptcy claims broker Cherokee Acquisition says FTX’s creditors have sold more than $425mn of their claims via its platform....
...It’s not for want of trying, says Riyan Itani, founder of Global Branded Residences Ltd, who has conducted feasibility studies on several projects....
...With liabilities of about $200bn against $340bn for Evergrande, Country Garden is an important part of the country’s real estate sector, which typically accounts for more than a quarter of overall economic...
...The involvement of S&C, which represents the FTX estate, has been controversial from the start....
...Between them, according to the Bank of Japan’s most recent financial system report, Japanese banks hold ¥2.7tn ($18bn) in real estate-related foreign non-recourse lending....
...The US commercial real estate market has been stressed by rising rates and the structural shift towards remote work, which accelerated during the Covid-19 pandemic....
...The worries around real estate are not limited to the US....
...In September last year real estate veteran Paul Weightman started hiring for a new fund manager designed, in the 62-year-old’s own words, to “redefine the private credit landscape”....
...Ray, who once oversaw the restructuring of Enron, rubbished that claim, and said that what had been recovered had only occurred because his “very large team” had spent “over a year stewarding the estate...
...They were also quick to grasp the value of artists’ estates, taking on the estate of Eva Hesse in 2000 and then many others....
...HSBC said in June it would move out of the estate by 2026....
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...“If the economy doesn’t improve, the real estate sector won’t improve,” said Leung....
...By contrast, local rival Treasury Wine Estates trades on 16 times trailing ebitda. With Chinese tariffs expected to end in 2024, wine oversupply should diminish....
...Country Garden, one of the most prominent victims of China’s real estate cash crunch, is selling a Rmb3bn ($420mn) stake in a mall operator to tackle the fallout from an international bond default....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...The US commercial real estate market, which has taken a hit from companies shifting to remote work over the pandemic, had once been seen as a safe place for return-starved Japanese lenders....
...Australian wine companies including Treasury Wine Estates and Accolade have turned to other markets in south-east Asia and North America to offset the loss of Chinese sales....
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...Bonhams’ star-studded offerings in 2023 included the personal collection of actor Roger Moore and the estate of broadcaster Barbara Walters....
...They said PDT had originally been claiming access rights “across vast areas of land on the Teesworks estate, yet no documentation was ever provided”....
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