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...The aristocratic Grosvenor family has owned property in London for more than 300 years....
...: appointees of Austrian property tycoon René Benko and his co-shareholders....
...The government is seeking the order against Yianis Holdings Ltd and two other companies in the group....
...property market following a rise in interest rates over the past 18 months....
...Austria’s anti-corruption prosecutors have opened an investigation into property mogul René Benko for allegedly defrauding a bank....
...Just €250mn of the €5.26bn of debt owed by the company at the centre of René Benko’s collapsing property empire had been secured against tangible assets, said its administrator, raising fresh questions about...
...Munich’s state prosecutor is looking into allegations of money laundering at the Signa Group, René Benko’s collapsed luxury property empire....
...Competing developer CK Asset Holdings was one of the worst-performing large-cap stocks, dropping 12.8 per cent....
...Property tycoon René Benko, founder of the Signa group, has filed for personal insolvency in Austria, as a corporate empire that spanned luxury properties and department stores across Europe and the US unravels...
...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....
...— which Benko once boasted was rivalled in prestige only by the holdings of the British royal family....
...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...The disaggregated model — whereby Signa split ownership of the properties from their tenants — was a key part of the way Benko raised billions of debt and aggressively expanded across Europe’s luxury property...
...On Thursday, Signa Holding, the central company in the Signa group, reported that it expected to recoup zero value from its shareholdings in Signa’s two main holding companies, which owned the majority of...
...Privately controlled shell companies linked to the Laura Foundation invested in developments alongside other Signa entities, and Signa Holding funded personal properties used by the tycoon and his private...
...Signa Holding, the sprawling European property empire of Austrian billionaire René Benko, has filed for insolvency proceedings in Vienna....
...Holding the torch The Olympic opening ceremony on 26 July will be the first held outside a stadium....
...Expect these companies’ valuations to improve as the value of their real estate holdings rises....
...But I’m holding out,” she says. When it meets next week, the Fed is expected to keep rates unchanged at between 5.25 and 5.5 per cent, and detail how many cuts it is planning this year....
...Blackstone has also recently moved to add to its own luxury retail holdings. It is in talks to buy a £230mn property on London’s New Bond Street....
...He has weaned Poste Italiane off the unsustainable gains from its bond holdings, making up the shortfall from its retail payments business, says Michael Huttner at Berenberg....
...Big housing associations in England have warned that building new affordable homes is becoming financially impossible, worsening the downturn in property supply....
...Ever Credit’s parent company, Kingboard Holdings, a chemicals manufacturer, did not immediately respond to a request for comment....
...Top stories today Retire the rhetoric | The Conservatives should eschew “posturing” in favour of delivery to have any chance of holding on to power at the general election, according to Andy Street, one...
...China’s red-hot property sector began to cool off, and Oceanwide Holdings was removed from Hong Kong’s Hang Seng Midcap index in 2017....
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