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...Property investors widely consider payout ratios exceeding cash flows to be a problem in the long term....
...Last year, fears over commercial property valuations and a rush to cash caused a surge in redemption requests from Breit....
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...UK tax on $13.5bn BGI deal (FT) More US regulators join Morgan Stanley wealth management probe (FT) Drugmakers race to find alternative suppliers as US cracks down on Chinese biotech (FT) Vietnamese property...
...Breit’s value fell as Blackstone marked down some property investments....
...Among current predictions, Blackstone’s president Jon Gray said that the commercial property industry sector has or will soon reach its bottom....
...The inflows came even after Blackstone was forced to limit withdrawals from a similar $67bn property fund just over a year ago....
...But he said he did not expect property markets to snap back after years of turmoil, particularly among older office buildings hit by remote working....
Private equity firm rebuts short seller’s warning about ‘a lot of rot in its book’
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...Most people making LPAs are older than 75 and may not have digital access or the skills to use online services securely....
...KKR is building its investment operations in infrastructure and property and is preparing to launch new flagship corporate buyout funds in the US and Asia....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...Birding websites and messaging services are tracking them. Imagine it. Across the country, seasoned twitchers are scanning the skies, calm but vigilant....
...It was 7.4 per cent for those who owned their property outright....
...Blackstone’s $68bn flagship property fund has gone from being one of the world’s biggest buyers of property to a large seller, as it raises liquidity to meet redemptions and invest billions in data centres...
...The SoftBank-backed group had a huge increase in demand for its services as interest rates hit rock bottom during the pandemic....
...And then we do have this segment of older office [buildings] that [are] struggling at the property levels.”...
...And no property is more coveted than the Indian Premier League....
...The activist hedge fund run by Jeff Smith announced the position at a conference on Tuesday, arguing that News Corp’s stock market valuation “does not make sense” and calling for a spin-off of its online property...
...Instead of buying outright, it has struck partnerships with several large insurers including AIG and Allstate, where it provides asset management services to their policies....
...last year in an episode that caught co-founder Stephen Schwarzman and his heir apparent Jonathan Gray off guard after investors started to remove money from the New York investment group’s flagship $70bn property...
...Overall, the services sector registered a 0.1 per cent fall in the three months to September, driven by a contraction in real estate, which reflects the impact of high interest rates on the property market...
...The property sector, as well as business and consumer sentiment, has improved in recent months following financial market expectations of BoE rate cuts this year....
...Amtrak, the national rail service, owns the station but the commuter lines from New Jersey and Long Island account for most of the traffic....
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