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...North Wind is a real estate investment group founded by Ben Williams, a former director in Deutsche Bank’s real estate special situations team. It plans to redevelop the property....
...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...
...“The confidence issue goes beyond real estate, although real estate is key,” said Wang Qi, chief investment officer for wealth management at UOB Kay Hian in Hong Kong....
...PwC was Evergrande’s auditor when the developer listed in 2009, and signed off its books as it expanded rapidly using eye-watering leverage during China’s real estate boom....
...estate holdings via a “buy the dip” strategy....
...The largest properties of the late Berlusconi were owned through Idra, a real estate company....
...Vacancy rates in Midtown surged to a historic high of almost 23 per cent in the first three months of the year, according to a report by real estate firm Cushman & Wakefield....
...The architectural landscape of New York has changed radically in the past 15 years, with the development of Hudson Yards, the largest mixed-use private real estate venture in US history....
...It has $13.6bn in total exposure to commercial real estate in the country....
Indebted property group fails to agree restructuring plan with creditors
...The sell-off has been driven by a lack of confidence in the outlook for the world’s second-largest economy and an ongoing liquidity crisis in the country’s real estate sector, which has weighed on domestic...
...But Natixis warned that some smaller trusts remained “very dependent” on real estate investments....
...US exposure accounts for about 15 per cent of their real estate lending books....
...Some of the UK’s biggest pension plans are taking advantage of steep price discounts to snap up real estate and other private assets, as fellow retirement funds put their harder-to-sell holdings on to the...
...Meanwhile, efforts to transition away from real estate-dependent growth have weighed on the economy, dragging down earnings and the shares of listed companies....
...Expect these companies’ valuations to improve as the value of their real estate holdings rises....
...The crisis for the real estate sector has yet to feed through into any sharp move for house prices....
...Bruce Pang, chief economist for greater China at JLL, a real estate research and investment company, said Chinese authorities’ subsequent pledges to provide more support for struggling private property developers...
...“It’s a good time for select names in Chinese real estate. It is 25, 30 per cent of [gross domestic product] and it’s not going to disappear,” said Koenigsberger....
...Commercial real estate is Donkey Kong....
...“If the economy doesn’t improve, the real estate sector won’t improve,” said Leung....
...Hedge fund Muddy Waters on Wednesday revealed a bet against a publicly listed real estate investment trust managed by private equity giant Blackstone....
...Delinquencies in credit card and commercial real estate loans were on the rise, the FDIC said, and were now at the highest level in almost a decade....
...However, there is little sign that the liquidity crisis in China’s real estate industry is meaningfully improving....
...James Seppala, head of European real estate at Blackstone, said the deal “demonstrates exceptional investor demand for high-quality real estate in the strongest markets”....
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