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...Sir Lynton Crosby’s CT Group has been accused of unlawfully gathering privileged information in a legal battle in London’s High Court over a multibillion-dollar estate linked to a deceased Russian billionaire...
...Benko, the company’s founder and largest shareholder, has spent much of the last year trying to raise cash for the group, as hundreds of millions of euros of debt has come due at a time of falling real estate...
...Simões, who joined the business from Santander, replaced Sir Nigel Wilson, L&G’s chief of more than a decade....
...Almost 75 years after George Orwell completed Nineteen Eighty-Four, the Orwell estate has given approval to a novel told from the perspective of the lover of its protagonist Winston Smith....
...Selling Mayfair: The new owner of the Sotheby’s London real estate franchise aims to disrupt the business of selling multimillion-pound homes in the city....
...Silvio Berlusconi’s Sardinian beach estate is going on sale for €500mn after his five children agreed to sell the asset, according to people with knowledge of the transaction....
...China’s Ping An has reported a drop in its 2023 profits in a year when it said “capital markets fluctuated significantly, credit risk heightened, and risks in the real estate industry were still being mitigated...
...L&G declined to comment....
...It comes as the Canadian Real Estate Association publishes home sales data for February. Five more top stories 1....
...According to its annual report, the $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023 but paid out a distribution of more than $2.8bn, resulting in the first annual shortfall...
...Monetary policy: Federal Reserve Bank of Atlanta president Raphael Bostic appears at an event hosted by the University of Cincinnati’s Real Estate Center....
...The value of farmland held by investment groups has more than doubled over the past three years, according to the National Council of Real Estate Investment Fiduciaries....
...(a subject at the centre of a Garden Museum conference this coming summer) and this one, designed by Tom Stuart-Smith, is one of the finest examples....
...Nearly 70 per cent of homes purchased in the final three months of 2023 were bought without a mortgage, according to Pamela Liebman, chief executive of real estate brokerage Corcoran, compared with 55 per...
...America’s CRE hangover: Some players are finally getting more honest about America’s commercial real estate pain, writes Gillian Tett. Social price: Do you dislike being hounded online to buy stuff?...
...Weightman stepped into the private credit arena after his 2020 departure from Cromwell, the Australian real estate investment firm he founded two decades earlier, following a bitter boardroom battle....
...the multitrillion-dollar global commercial real estate sector....
...New York’s ‘skyscraper queen’: Darcy Stacom, one of the most powerful figures in New York City real estate, is leaving brokerage CBRE after 22 years in a further sign of the crisis upending the sector....
...HSBC’s quarterly profit plunged 80 per cent as it took a $3bn charge on the value of its stake in a Chinese bank and a further writedown on commercial real estate....
...L&G said that it had written £13.4bn of pension transfer business globally so far this year....
...York Community Bancorp revealed it had taken large losses on loans tied to commercial property recently, while Japan’s Aozora Bank and Deutsche Bank warned about the risks from their exposure to US real estate...
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
...The fund’s other top holdings include Microsoft, L’Oréal, and luxury goods company LVMH....
...Take a break from the news One local estate agent describes Aspen as a “curated snow globe” with its designer boutiques, historic buildings and almost nothing exceeding 28ft in height....
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