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...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 Hong Kong-listed Italian luxury group has been snapping up real estate over the past year — noticeably in the US, despite the fact that sales in the region have remained flat....
...Even today, after a real estate boom in the area and a remade mansion, it is perhaps worth even less than the debt on the property....
...Brian Kingston, chief executive of Brookfield Real Estate, said the firm was “pleased to continue to support” Canary Wharf Group as it “continues to evolve into a vibrant and diverse estate”....
...But now, as many families are passing their wealth on to a fourth generation, there is “a substantive real estate or digital element to manage”....
...The real estate group, which is owned by Brookfield and the Qatar Investment Authority, has agreed a £553mn financing package as it stares down at debt deadlines, the FT’s Joshua Oliver reports....
...Weightman stepped into the private credit arena after his 2020 departure from Cromwell, the Australian real estate investment firm he founded two decades earlier, following a bitter boardroom battle....
...As a result, the shift that we’re seeing in business processes for regional banks is actually more pronounced outside of real estate than in real estate....
...estate groups in North America, Europe and Australia....
...Witness, for instance, its expansion into asset classes such real estate, infrastructure and private credit or the push to offer products to retail clients....
...Strategic Sports Group, which is led by Henry’s Fenway Sports Group, is set to inject up to $3bn in the tour’s commercial business....
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...Wendy Maitland is a veteran of the city’s real estate scene who now runs her own brokerage, Atelier by Wendy Maitland....
...Goldman on Tuesday said it had surpassed a fundraising target of $225bn at its so-called alternatives business, a vital plank of that strategy that includes private equity, private credit and real estate...
...Meanwhile demand for loans in the real estate sector and from local government financing vehicles have fallen drastically in recent years....
...Warehouse owner Tritax Big Box has agreed a takeover deal for a smaller rival to create the UK’s fourth-largest listed landlord, in the latest example of consolidation among real estate investment trusts...
...After 17 years at Goldman Sachs, he made his real fortune fronting a group in 2009 to acquire IndyMac, which now ranks as the fifth-biggest failed bank in US history....
...It has $13.6bn in total exposure to commercial real estate in the country....
...This helps explain why the People’s Bank of China, faced with a massive real estate bust, has only gradually cut rates, which remain well above 0 per cent....
...But like many peers in the private equity industry, HIG had in recent years expanded its investment focus, using success in corporate buyouts to push into strategies spanning real estate credit, infrastructure...
...JPMorgan’s vice-chair of investment banking Andy Lipsky and co-head of strategic investor group M&A Haidee Lee are leaving the bank, according to a person familiar with the matter....
...Hines, the global real estate investor has appointed John Carr as chief financial officer for Europe, succeeding David Braaten, who will retire....
...The town is also seeing substantial investment — including more than €1bn by hotel groups — “to compete with Monaco or St Tropez for accommodation and dining”, says Alexandre Goldstein, an associate at Magrey...
...As one sharp reader, Peter, pointed out, this compares apples (the value of real estate assets) to oranges (the value of real estate investment trust equity)....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
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