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...Canary Wharf Group — owned by Brookfield and the Qatar Investment Authority — holds £7.6bn of property, burdened with £4.2bn of net debt....
...the group’s income....
...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...
...Canary Wharf Group declined to comment....
...Most publicly listed property trusts in the US can handily cover dividends using cash flows from rents, according to Green Street, a commercial real estate research group....
...Creditors of René Benko’s Signa have filed a criminal complaint with Austrian anti-fraud prosecutors, calling for an urgent investigation into the collapsed property group....
...The housing department has applied to a property tribunal for an order to require companies in property tycoon John Christodoulou’s Yianis Group to contribute to fixing safety issues at the Canary Riverside...
...Creditors of the two most important companies in the bankrupt Signa property group are pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined...
...Kevin Shaw, national sales managing director at the property services company Leaders Romans Group, said: “2024 is off to a good start with more properties coming on and more sales happening.”...
...Swedish property group Samhällsbyggnadsbolaget (SBB) has too much debt and too little time....
...Regardless of Canary Wharf’s ability to keep some of its critical tenants, it still has a plentiful amount of debt, with the group holding £7.6bn of property and £4.2bn of net debt....
...Munich’s state prosecutor is looking into allegations of money laundering at the Signa Group, René Benko’s collapsed luxury property empire....
...Shares in Sydney-based Omni Bridgeway are down 45 per cent over the past year. UK-listed insolvency specialist Manolete Partners is down more than 55 per cent....
...The property groups said the changes have an immediate impact because the tax that a buyer would have to pay on an eventual property sale factors into their current valuations and plans for development and...
...Gucci owner Kering has bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn in Europe’s biggest property deals for two years, as intense demand from luxury groups helps high-end...
...Property groups used the free money era for debt-funded growth that has quickly become unsustainable at higher rates....
...The probe is the first to personally target the 46-year-old former billionaire, whose Signa luxury property group collapsed at the end of 2023, leaving billions owed to shareholders and creditors across...
...Big housing associations in England have warned that building new affordable homes is becoming financially impossible, worsening the downturn in property supply....
...Blackstone Group’s $60bn property fund met all of its investors’ redemption requests in February, marking the first time it did not limit such withdrawals in more than a year....
...Who Country Living Group Estate, St Dogmaels, Cardigan, £1.85mn Where On the River Teifi in west Wales, the estate was a prominent vantage point for seafarers....
...A further large decline in office property prices could also cause more borrowers to strategically give up on mortgages where the loan exceeds the property value....
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
...Vietnamese property tycoon Truong My Lan has been sentenced to death by a court in Ho Chi Minh City for embezzling more than $12bn, state media reported on Thursday....
...Last month, Hong Kong judge Linda Chan issued a liquidation order after the property group failed to produce a restructuring plan....
...He said private equity groups are starting to follow family offices into the market, which will result in more deals over the next six months....
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