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...Canary Wharf has also been challenged by the departure of key tenants, as it works to diversify the estate. The group is burdened with £3.7bn of net debt....
...Sir Lynton Crosby’s CT Group has been accused of unlawfully gathering privileged information in a legal battle in London’s High Court over a multibillion-dollar estate linked to a deceased Russian billionaire...
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents from a portfolio spanning thousands of warehouses, apartment buildings and data centres across the US...
...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...
...CVC acquired the estates as part of its €4.5bn purchase of Unilever’s tea division, then named Ekaterra, in 2021....
...Heineken is reopening 62 UK pubs it had closed in recent years and will put about £40mn annually into refurbishing its estate in the latest sign that pub groups are regaining confidence as cost of living...
...The local community has also protested against the mechanisation of the tea estates by burning picking machines, arguing they have robbed workers of their livelihoods....
...Berkshire Hathaway’s HomeServices of America, the largest US residential real estate brokerage, has joined rivals and agreed to settle lawsuits that challenged long-standing fee arrangements in the industry...
...Yet buying real estate is not the smartest use of luxury cash flows. On the face of it, Kering’s deal does not look too bad....
...European commercial real estate deal making fell to a 13-year low at the start of 2024, as fading hopes of imminent interest rate cuts prolonged the slump in property markets....
...But they still need agents — particularly those who sell real estate as a side hustle — to stay put, rather than go the way of travel agents. pan.yuk@ft.com...
...China’s economy has struggled to regain momentum against a backdrop of deflation, low consumer confidence and a cash crunch across the country’s major property developers....
...The difference between the percentage of estate agents reporting a rise in buyer interest versus those recording a drop climbed to 8 points, double the reading of the previous month and the highest reading...
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...The volume of real estate deals in Europe fell to a 13-year low in the first quarter, according to MSCI, the seventh successive quarter of declines....
...“Both estate agents and new-homes developers needed to work harder to close sales,” said chief executive Johan Svanstrom....
...With liabilities of about $200bn against $340bn for Evergrande, Country Garden is an important part of the country’s real estate sector, which typically accounts for more than a quarter of overall economic...
...Service, which feeds into real estate platforms such as Zillow....
...Guy Gittins, chief executive of the London-focused estate agency, said he expected rents on new tenancies to rise between zero and 2 per cent on average across the UK capital in 2024, a marked decrease from...
...Global real estate, squeezed by rising interest rates, is in the midst of the worst slump since the financial crisis. Office occupancy and valuations have plummeted, especially in the US....
...Many of the more newsworthy collapses, however, have been brought about by new investors leveraging the real estate of department stores....
...The real estate agents’ lock on online listings drove up costs and combined with a shortage of affordable homes to shut all but the most affluent buyers out of the housing market....
...The unlikely corporate raider In December 2020, veteran property executive Paul Weightman retired from the Australian real estate business he had founded more than two decades before....
...Blackstone owes the University of California twice as much as it did last quarter as part of a complex transaction to shore up its flagship real estate fund....
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