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...Its status led to the building being included on a tour of large, unused homes by a housing campaign group called Land Justice that aims to draw attention to London’s homelessness crisis....
...Blackstone would also pay £20mn to acquire the land....
...“People say that the planning system isn’t responsive....
...They can’t refinance it on a like-for-like basis. But they have the money to refinance it and get more time. I think that is really the story,” said Ramzi Kattan at Moody’s Ratings....
...The property was previously owned by German national Wilhelm von Finck, Land Registry records show. Finck’s family office did not immediately respond to a request for comment....
...“They don’t have an art history background.”...
...Land Securities, one of the UK’s largest listed landlords, is in the midst of a £1bn project to overhaul the O2 shopping centre in Camden, which will include 1,800 new homes....
...The building, part of British Land’s joint venture with Singapore’s GIC at Broadgate, is under construction and due to be completed in 2027....
...But he said it “hasn’t really taken off” until now, which he credited to “post-pandemic hybrid working patterns”....
...British Land declined to comment on the terms....
...Joshua Chaffin James, would it make sense to take a panda on the campaign trail? James Politi We should think about that. I don’t know. I don’t know how they survive in Wisconsin....
...Joshua FranklinYeah. The big question there is obviously you make loans and you hope that most of the loans you make they aren’t gonna go bad....
...Joshua OliverRob, I couldn’t agree more. And doubly, if the listeners don’t know, Rob is about nine feet tall, so we should all have . . . Robert ArmstrongYeah....
...The government will abolish the multiple dwellings relief from stamp duty land transaction tax....
...They are the ones who the banks didn’t lend to or don’t want to refinance,” said Lisa Attenborough, head of debt advisory at Knight Frank....
...But it lands differently when the candidate is Robert F Kennedy Jr....
...“I don’t have a choice about this. If I don’t take the loan I can’t continue to work. I can’t continue to pay my mortgage,” said the 62-year-old nursing manager from Cambridgeshire....
...Joshua Franklin Yeah, exactly. I mean, JPMorgan didn’t have that problem....
...However, industry experts said that even fully tapping brownfield land will not be enough to meet long-term housing needs....
...“And I don’t think that’s something that’s regulated by the beginning or end of the semester.”...
...Joshua OliverYou are talking about a piece of land that has a building on it, and the building is just a problem, right, because it just costs money and it would be worth more if the building wasn’t there...
...“We can’t build houses,” said Clare Miller, chief executive of Clarion, the UK’s largest housing association, which manages 125,000 homes....
...The practice of holding a stockpile of land for future development was criticised, but the CMA found that so-called land banking was not significantly distorting competition and was mainly the result of...
...“It wasn’t until John Waldron [bank president since 2018] that I actually had . . . a good meeting at Goldman Sachs,” said Mayo. “Very nice and smart people, don’t get me wrong....
...He added: “If that rule doesn’t exist, I don’t have to think about that.”...
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