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...The failure of Signa, a property empire built over the past two decades by its politically connected, billionaire founder Benko, has been the highest-profile casualty of the strains across Europe’s commercial...
...Elliott Management is calling for Japan’s biggest property group, Mitsui Fudosan, to launch a ¥1tn ($6.8bn) share buyback as the US activist fund targets the most prestigious end of the Tokyo stock market...
Rating agency’s decision to leave Docklands office for City of London marks latest exit by financial tenant
...’s property sector crisis....
...The move will make Sampo the largest pure property and casualty insurer in the Nordic region....
...The involvement of a prominent state-owned bank signals a new level of impatience among creditors as a cash crunch for property developers continues to worsen....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...Chinese developer Vanke’s bonds have been downgraded by Moody’s in the latest outbreak of stress across the country’s troubled property sector....
...property listings division....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...The bank originated as the Nippon Credit Bank, which was among the highest-profile casualties of the protracted fallout from the collapse of Japan’s 1980s property bubble....
...Crisis hit Austrian property business Signa Group held talks with hedge fund Elliott Investment Management to try to secure more than €400mn of financing to save it from collapse....
...And while demand for high quality properties remains high, the outlook for low quality buildings is grim....
...As a result, academic historians — like the ones producing the National Trust’s list of which of its properties had links to the slave trade, for instance — are often caught in the crossfire....
...It also sold intellectual property within some Asia-Pacific countries for $50mn. The cost of living crisis has hurt Superdry recently. Other problems were avoidable....
...Property and casualty insurers may comfort themselves that their exposure to climate risk is limited by annual contracts — an industry standard that enables them to reprice, limit or completely withdraw...
...Everest is a property casualty reinsurer and primary insurer based in Bermuda. It is very cheap on a forward price/earnings basis (6x) though a bit less so on price to book (1.4x)....
...The impact of the property sector slowdown on local and central government fund budgets was “controllable and structural”, it added....
...Central Huijin, a unit of the $1.4tn China’s largest sovereign fund China Investment Corp, plans to increase holdings over the next six months, according to filings....
...Minsheng Banking Corp has already filed a lawsuit against Oceanwide Holdings for failing to repay its debts. Most European stock market indices fell on the day....
...Brookfield Property Group said the FDIC was running a “secret” process to sell Signature Bank loans....
...He tried to reunite the two halves of his media empire, News Corp and Fox, but scrapped the merger in January. A separate deal to sell News Corp’s property listings websites also fell apart....
...On the other side of the trade, investors could be a little too sanguine about BankUnited and FNB Corp, “which have above-average exposures to CRE office lending yet relatively low CRE reserve coverage”,...
...NYCB’s recent losses on property loans have rekindled worries about potential defaults in the real estate market....
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