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...UBSO: 6; L: 7; I: 7; Total: 20The legal team at the bank advised on the sale of UBS and Mitsubishi’s joint venture, Mitsubishi Corp-UBS Realty, to global investment fund KKR for $2bn....
...Equinix, the global market leader with a market capitalisation of $64bn, and its $38bn rival Digital Realty Trust said they were buying extra shipments of diesel to provide back-up power to ensure continuous...
...One of the investors in the Cerberus group is Kimco Realty....
...Teraco is the industry leader in South Africa and the continent’s connectivity hub,” said A William Stein, Digital Realty’s chief executive....
...But in the past year many regular subjects of this newsletter — such as SoftBank and Tiger Global — have started pouring big money into the space....
...BA cut services on almost all of its routes to a skeleton schedule during 2020 amid global restrictions that also drove it to ask the UK government for a £2bn loan guarantee and to suspend dividend payments...
...Robinhood raises $2.4bn in second cash injection in four days https://www.ft.com/content/790324e0-8526-4d9e-9717-a4430e1be034 Robinhood’s bid to ‘democratise trading’ checked by Wall Street realties www.ft.com...
...Jordan Robins, executive vice president and COO of First Capital Realty Inc, which is involved in the retail development of East Bayside, is impressed by forward-looking developers who are willing to commit...
...Having said that, the growth of the global datacentre companies is a real trend. Take two of the top specialists, Equinix and Digital Realty....
...Digital Realty, a data centre Reit, paid out about 73 per cent of its cash flow in dividends....
...As part of a deal with Forever 21 after the company filed for Chapter 11 bankruptcy protection, Vornado Realty Trust more than halved the $20m in annual rent it had been demanding for the celebrated site...
...Airbnb claims it has created new economic opportunities for millions of Europeans and, by its own count, added $100bn to the global economy last year....
...If you’ve been reading the FT series on property markets, you’ll likely know that global real estate markets are showing signs of slowing down....
...Earlier this year Brookfield agreed to acquire for Forest City Realty Trust, a New York property developer built by the powerful Ratner family, for $11.4bn and buy shares it did not already own in the US...
...“We paid nearly $12bn for a real estate company [Forest City Realty Trust] in the US. Some countries, their entire investment stack is not $12bn,” says Mr Flatt....
...Craig Deitelzweig, chief executive of Marx Realty, agreed. “[The building] has become part of the tenant’s brand,” he said, “and today’s tenants are very brand-conscious.”...
...Donald Trump’s son-in-law and adviser met Joshua Harris, co-founder of the private equity group Apollo Global Management, and Michael Corbat, chief executive of the US bank Citigroup, while Mr Kushner was...
...Little wonder it is a common sight at a Chinese company to see many people with their heads resting on their desks taking a nap in the early afternoon....
...But this time, it’s up to the kingdom’s sovereign wealth fund, which is in talks with global banks to borrow between $6bn and $8bn....
...“There’s been a massive shift because of how millennials want to shop and spend their money,” says Chris Conlon, chief executive of Acadia Realty, a real estate investment trust....
...That was a slight recovery from the 14 per cent fall in March, but still, it was more than anything Canada saw during the global financial crisis....
...The collapse led to both private equity groups and Vornado Realty Trust to lose out on the $1.3bn of equity they sank into the retailer. However, the losses were offset by the more than $360m in fees....
...Well, that’s not fun… Ratings agency S&P Global on Thursday pushed Toys R Us deeper into junk territory after it cut its corporate credit rating by one notch to ‘CCC+’ from ‘B-’ and placed all ratings on...
...Bain Capital, KKR and Vornado Realty Trust took Toys R Us private in 2005 in a $6.6bn leveraged buyout....
...Bain Capital, KKR and Vornado Realty Trust took Toys R Us private in a leveraged buyout in 2005, which left the company spending more than $400m a year meeting its debt burden while facing fierce competition...
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