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...Property investors widely consider payout ratios exceeding cash flows to be a problem in the long term....
...Its push to refinance upcoming loans represents a high-profile example of the challenge faced by property owners around the world at a time of higher borrowing costs and lower property values....
...The bid for the site from Blackstone underscores the intense interest among property investors and tech companies to invest in data centres....
...House prices are “close to the bottom in many places and recovering in a lot of places”, said Tomasz Wieladek, economist at investment company T Rowe Price....
...One such landlord, Peter Rachman, became notorious in Notting Hill, letting property for extortionate rents and allowing them to drift into neglect....
...At the groundbreaking, which took place the day after Valentine’s Day, Schwarzman was pictured wearing a hard hat emblazoned with a blunt message: “BX <3 London”....
...It is in talks to buy a £230mn property on London’s New Bond Street....
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Breit’s value fell as Blackstone marked down some property investments....
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...Among current predictions, Blackstone’s president Jon Gray said that the commercial property industry sector has or will soon reach its bottom....
...Residential and industrial property prices are down by about a fifth....
...Blackstone cut back its total spending on new property investments from about $47bn in 2022 to about $9bn in the first three quarters of 2023....
...And the affiliate can file anywhere where it has its domicile, principal place of business, or principal assets....
...to the Rightmove property portal....
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...Also in autumn, a three- bedroom property on Chepstow Place needing modernisation attracted multiple offers so that it went for significantly more than its asking price of £5.75mn....
...“We’re in a great place to acquire,” said Derwent chief executive Paul Williams. “I think we’re seeing the investment market stabilise. I think we’re near the end.”...
...The optimistic PBB chief executive Kay Wolf said funding needs were in place for the next six months, backing up this claim with €6bn of liquidity and a CET1 ratio of almost 16 per cent....
...Five Churchill Place is one of at least three Canary Wharf buildings that are likely to be sold....
...In a city-level survey, London maintained its top place, but Madrid rose to second place after overtaking Paris, which is hosting the Olympic Games in the summer....
...We guess the message of this post is that despite the deglobalisation freight train, the world is still an interconnected place....
...“I feel proud that it’s giving more opportunities for people to find a home — especially those who have or want to start families in a hustle and bustle place like NYC.”...
...Finally some good news for people struggling to get on the property ladder....
...“Other recommendations will require changes in partnership with the DLUHC and Treasury, but if progressed could be transformational in how we deliver new homes and create thriving places,” he added....
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