Hints and tips:
...The property at 4 Chester Square was acquired in late 2020 for £9.25mn....
...The property was purchased as an investment with plans to redevelop and resell the house, rather than as a personal asset, according to Knox Group, which is chaired by Barrowman....
...BXPE will also not have a dedicated private equity investment team....
...Jared Halpern, of Douglas Elliman in New York, has been telling customers that if they take out a mortgage now, they can refinance when rates are lower....
...Though Blackstone is not expecting a quick recovery in property markets and high interest rates continue to pressure many investments, it is returning to the offensive....
...Breit’s value fell as Blackstone marked down some property investments....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...This was driven by a steep decline in sold investments known as realisations and the associated incentive fees....
...Blackstone cut back its total spending on new property investments from about $47bn in 2022 to about $9bn in the first three quarters of 2023....
...Doug Middleton will continue to run the firm’s investment property unit....
...S&P rates BPY’s debt BBB-, the lowest investment grade credit rating....
...Blackstone has attracted more than $100bn in investment to its retail property and credit funds it sold to individual investors and built a staff of hundreds of sales and marketing employees to handle their...
...Job moves Goldman Sachs has appointed Jane Dunlevie as global head of investment banking services for tech, media and telecoms. She will remain global head of internet investment banking....
...Blackstone made $31bn in new investments during the fourth quarter of 2023, the highest quarterly investment total in more than a year....
...The chief investment officer of US-based Muddy Waters, Carson Block, told the Sohn investment conference in London that there was “a lot of rot in its book”, and that many of the borrowers whose loans make...
...BREIT, Blackstone’s hyped retail property fund, had to restrict investors from cashing out shares for several quarters, per the limits of its investment agreement....
...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....
...Derly, the restaurant owner, says she has one of the only independently owned restaurants left downtown as many are now owned by big investment groups....
...Disney on Wednesday said it had entered into an “information-sharing” agreement with ValueAct and would consult the investment firm on “strategic matters”....
...Blackstone Group is selling a stake in Spanish hotel group Hotel Investment Partners to Singaporean sovereign wealth fund GIC, in a move that will provide capital for the business to expand at a time when...
...Letter in response to this article: Writing personal cheques shows skin in the game / From Douglas W Phillips, Rochester, NY, US...
...The sales were at 4 per cent above the values for which Breit holds the properties on its balance sheet and created about $2.5bn in investment gains....
...In the UK, property portal Zoopla predicts mortgage-backed sales will fall 28 per cent this year, with cash sales falling just 1 per cent....
...Blackstone shelved the fund launch last year after the property fund, called Breit, was forced to limit redemptions....
...And no property is more coveted than the Indian Premier League....
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