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...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...Creditors of the two most important companies in the bankrupt Signa property group are pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined...
...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...
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...The problems have been partly driven by a pullback by reinsurers, whose contracts sharing the costs of catastrophe payouts underpin the property insurance market....
...The first-tier tribunal criticised a “complete lack of transparency with leaseholders regarding these commission payments” by the freehold owner and a management company, both Yianis Group subsidiaries....
...Elliott’s demands — presented to top management within the past month — include a request that the company sell down its $3.6bn stake in Oriental Land, the company that runs Tokyo Disneyland, said people...
...reducing interest rates is expected to lead to a pick-up in activity.Last week Gucci owner Kering said it had bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn, the largest property...
...Apollo rebranded the business as Atlas. The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
...As much a diplomat as an architect, Chatillon is coordinating more than 50 companies and 200 sub-contractors, ranging from plumbers and joiners to specialist gilders and mosaic cutters....
...as a standalone origination platform,” said the companies in a statement....
...Portfolio Adviser: Neil Woodford’s grand return to UK fund management looks set to come to an end even before it got off the ground....
...The prospect of a modest, slimmed down WeWork is unlikely to sit well with Neumann’s grand vision for himself or the company....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...However the company had €2bn in free cash flow from operations last year, and the group views the purchase of key real estate assets as part of its long-term strategy....
...Creditors of the two most important companies in the group are also pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined in favour of a...
...Hyatt, which owns brands including Grand Hyatt and Andaz, said in January it was adding more than 70 hotels to its portfolio across Europe, Africa and the Middle East....
...— JPMorgan Asset Management’s guide to markets (JPMAM) — The superpoop of Dominica’s sperm whales (Atlas Obscura) — What really happened with JFK?...
...Apollo Global originated nearly $100bn in debt in 2023, including large loans to German property group Vonovia and to Air France-KLM....
...In our property special we meet Thierry Gillier, the founder and chairman of Zadig & Voltaire (and, it transpires, the grand-nephew of the man who invented Lacoste’s famous cotton piqué polo shirt), who...
...The company anticipated more forced sales as “the number of refinancings is gathering pace” and some property funds faced pressure to dispose of assets in order to meet investor redemptions....
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
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