Hints and tips:
...Blackstone would also pay £20mn to acquire the land....
...debt that comes due in the next three years are turning to the burgeoning $1.5tn private credit industry to avoid defaults and messy bankruptcies, taking out high-cost loans they might otherwise fail to land...
...The statement on behalf of the owners said the vessel was “drifting, well away from land” and that salvage arrangements were being made....
...The lacklustre share price prompted Litt’s Land & Buildings fund to agitate for corrective action, including asset sales....
...Blackstone has spent more than $1bn in recent years to buy land to build new data centres in five states across the US, according to two sources familiar with the matter....
...Cheniere advanced Houston’s company $46mn to begin buying land. Icahn bought a stake in Cheniere in 2015 and promptly put a stop to a development that he viewed as risky and expensive....
...Diamondback and Marathon Oil shelled out $3bn apiece to acquire land in the Permian and Eagle Ford basins....
...Blackstone took UK-listed St Modwen private for £1.2bn in 2021, securing the company’s substantial logistics development and management business and land portfolio....
...Without an agreement, they’d be buying a house without most of the land on which it was built....
...The likelihood of the LPs still wanting their money to be ploughed into it is even smaller. It’s a win-win....
...In between, Cerberus and friends sold properties and land, paid down debt, took some dividends and eventually listed Albertsons in 2020 with a $25bn enterprise value....
...I was moved by Land, a film directed by Robin Wright and available on Netflix, about a bereaved woman trying to live off-grid in Wyoming....
...The companies through which the brothers own the planes, Clear Sky LP and Clear Sky 2 LP, owed EG Group $21mn as of December last year....
...The deal follows an activist campaign at ACC, which was pressured by its shareholder Land & Buildings Investment Management to look for ways of maximising shareholder value....
...The announcement, made days before Tiger notified LPs of its fundraising push, said that Curtius would stay for a months-long transition....
...ACC’s sale to Blackstone comes after months of pressure exerted on the housing company’s board by Land & Buildings Investment Management, a real estate-focused activist fund led by former Citigroup analyst...
...of Farmland LP, an investment fund that owns more than $200mn in land and raised more than $130mn in March....
...The country had just recognised the independence of two regions in eastern Ukraine and the US was warning of an imminent broader land grab. The situation, Ashmore pointed out, was fluid....
...For many, the bravura involved in pulling off these land seizures exemplifies the attributes that have turned Oaktree into a $161bn powerhouse of debt investing....
...Canadian investment group Brookfield Asset Management began picking up land for the development decades ago, when it acquired assets from the failed property conglomerate Olympia & York....
...A KKR-led investor group is closing in on a deal to buy a song catalogue spanning hits from Lorde and The Weeknd for $1.1bn, the latest sign a private equity-fuelled land rush for music hits is gaining pace...
...shrug off the Delta variant, and Blackstone abandoned a large deal in China after Beijing’s antitrust regulators refused to sign off on it within the agreed time frame, and big Chinese cities suspended land...
...Blackstone acquired an interest in Hudson Pacific’s Hollywood studios a year ago, forming a joint venture with a US real estate investment trust that has acquired the land in Broxbourne....
...It may be that multiple operating models can coexist but the land grab in private credit is forcing tough decisions about the structure of these titans....
...“Pulling together a land bank is not easy and land values for industrial land have gone up massively in the past few years.”...
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