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...the size of its central London estate by almost a fifth....
...The company is acquiring 20 Grafton Street, a 17,000 square foot building comprising office and retail space, the people said, in one of the largest deals it has struck since Russia’s full-blown invasion...
...Canary Wharf still has to tackle a November maturity on £564mn in loans tied to 1-5 Bank Street, an office tower home to SocGen and EBRD....
...The luxury group in January announced the $963mn purchase of a building at the corner of Fifth Avenue and 56th Street in New York, adding to a portfolio of flagship assets in other cities including Paris...
...The dollar rose for the fifth day in a row, adding 0.2 per cent against six of its peers. Gold rose 1.7 per cent to $2,383.19, on track for a fresh closing high....
...US stocks declined on Monday, continuing a sell-off from last week as Wall Street’s “fear gauge” hit its highest level since October....
...European office values have sunk about 37 per cent on average from their peak in 2022, according to Green Street research. Residential and industrial property prices are down by about a fifth....
...JPMorgan Chase captured almost a fifth of all US bank profits in the first nine months of 2023, capitalising on a year of turmoil for the country’s financial sector to emerge even more dominant....
...There was a time when the purchase of a home in buildings such as The Carlyle, 778 Park Avenue, or 927 Fifth Avenue announced the new resident to be at the pinnacle of New York society....
...It spent $963mn on Manhattan’s Fifth Avenue in January following two big purchases in Paris last year....
...Think of Wall Street and “sensible” is not usually the first adjective that springs to mind....
...Here’s the thing for the big banks: they need to grow the pie by building and scaling new business lines early in adjacent spaces....
...Older buildings have been particularly hard hit, including 40 Wall Street....
...Dubbed the “inside-out” building with services such as water pipes and lifts running down the outside, One Lime Street has been compared by some to an oil rig and a motorcycle engine....
...There were plenty of red flags, The Wall Street Journal reveals....
...Before the deal was announced, they had fallen by about a fifth in the past five years as it failed to fulfil its promise to challenge the big four high street lenders....
...The problem is that once a building has been converted to residential use, it is never going back....
...Citi ranked as the fifth-largest investment bank in industry league tables, behind Goldman Sachs and Raghavan’s former employer JPMorgan....
...Co-op Bank has entered exclusive talks to merge with Coventry Building Society, in a deal that would return the private equity-controlled high-street bank to mutual ownership....
...But real estate speculation has brought super-luxe residential developments such as One Wall Street....
...The latest ABI data showed that the average annual premium for a UK buildings and contents policy had risen by just under a fifth year-on-year to £364 in the fourth quarter....
...But the figures quickly solidify, first in posed pictures of street life (such as John Thomson’s London street vendors), then in the documenting of dire conditions in factories and housing, the effects of...
...In recent years, Oxford Street has suffered a rapid deterioration from the jewel in the crown of UK retail to empty buildings and a boom in souvenir and candy stores....
...Street is making a big push on social housing in his campaign, an issue the Conservatives in Downing Street have hardly put to the top of their agenda....
...Snowflake shares plunged by more than a fifth after the cloud computing group announced its chief executive was retiring with immediate effect and released a weak outlook in its latest results....
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