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...Breit has more than $8bn in liquidity, it recently told investors. The shortfalls come amid heightened anxiety over real estate values and Breit in particular....
...Grosvenor, the Duke of Westminster’s property company, is launching a £900mn lending business focused on residential development, as real estate investors opt for debt investments over the risk of buying...
...Blue Owl in 2021 acquired Oak Street, a real estate specialist that buys property owned by large companies and leases the real estate back to them, financing the deal with a mixture of cash and stock....
...At the time of the deal, the firm said “there is a real opportunity here to act as a responsible ESG focused investor”....
...SELL: Great Portland Estates (GPE) The London office landlord has yet to surge back to life in the way investors had hoped, writes Mitchell Labiak....
...New lending to UK commercial real estate fell to a historic low in 2023 as lenders and investors struggled with falling property values, higher debt costs and pressure to deal with troubled loans....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...But it is more painful for smaller brands — which might explain why Kering’s real estate strategy also involves finding co-investors to limit the total capital involved....
...But that has not stopped investors from heading for the exit. Shares in online listing sites Zillow and Redfin are down 15 per cent and 33 per cent respectively this year....
...“Now that borrowing from the bank isn’t ‘free’ and isn’t easy [to secure], real estate does not have the shine it had before,” explains Rob Fleischman, a technology entrepreneur and investor, who is chair...
...Many of the more newsworthy collapses, however, have been brought about by new investors leveraging the real estate of department stores....
...This week, however, it caused a frisson in the real estate world....
...Pedro Sánchez said his cabinet would on Tuesday take the first steps towards eliminating golden visas, which were introduced in 2013 and enabled investors who spent at least €500,000 on real estate to obtain...
...The region-wide Stoxx Europe 600 dropped 0.2 per cent, with utilities and rate-sensitive real estate stocks among the worst-performing sectors....
...The placing comes as commercial property investors start to hunt for deals following a steep fall in real estate valuations brought on by rising interest rates....
...As smaller peers follow suit, investors should assume the looming fallout throughout Chinese asset markets will persist....
...Prime Minister Pedro Sánchez said his cabinet would on Tuesday take the first steps towards scrapping the visas, which were introduced in 2013 and enabled investors who spent at least €500,000 on real estate...
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...What has improved is investor confidence....
...Real estate, basic materials and consumer non-cyclicals were among the best performing stocks. The tech-dominated Nasdaq Composite rose 0.1 per cent....
...“The story this month has been that investors do like bank bonds, just not PBB’s or Aareal’s,” said Beaumont....
...“Both estate agents and new homes developers needed to work harder to close sales.”...
...That once boring, overlooked sector — written off by foreign investors as an unattractive investment for decades after Japan’s real estate bubble burst in the early 1990s — has even started attracting foreign...
...In late December 2022 and January 2023, Blackstone received a $4.5bn investment from UC that helped Breit meet a spate of redemption requests from other investors and shore up its liquidity....
...“Some investors who were very active three or four years ago are now taking a wait-and-see approach,” said Ross Baird, chief executive of Blueprint Local, a real estate private equity firm that invests in...
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