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...The aristocratic Grosvenor family has owned property in London for more than 300 years....
...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...
...Property investors widely consider payout ratios exceeding cash flows to be a problem in the long term....
...development, according to government officials and the property tribunal....
...The problems have been partly driven by a pullback by reinsurers, whose contracts sharing the costs of catastrophe payouts underpin the property insurance market....
...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...
...reducing interest rates is expected to lead to a pick-up in activity.Last week Gucci owner Kering said it had bought a retail block on Milan’s top shopping street from Blackstone for €1.3bn, the largest property...
...Before its collapse, Signa estimated its property assets to be worth €28bn....
...Katy Eatenton, mortgage and protection specialist at financial services group Lifetime Wealth Management, said the data highlighted “the immense pressure tenants are under....
...The return of tourists to Japan has boosted business for the hotel management units of local property groups....
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Evergrande, the world’s most indebted property developer, defaulted in late 2021 with more than $300bn in liabilities highlighting China’s property sector crisis and liquidity crunch....
...Efforts at Gucci to turn around its business under new designer Sabato de Sarno as well as new management after several years of declining sales have yet to bear fruit....
...“With management effectively calling the bottom, perhaps now is the moment to invest,” Peel Hunt analyst James Carswell said....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...Creditors of the two most important companies in the group are also pushing to oust management and hand over control to independent auditors, over fears their interests are being sidelined in favour of a...
..., an associate of property group Savills....
...Scott Rechler, the chief executive of RXR, one of New York’s largest office landlords, is teaming up with Ares Management, an alternative investment manager that has $49bn in real estate assets....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...The CMA also raised concerns about quality control problems and estate management charges, “with homeowners often facing high and unclear charges for the management of facilities such as roads, drainage...
...Karen Noye, mortgage expert at wealth management company Quilter, said: “The large increase in mortgage rates seen over the last couple of years is really starting to bite for some borrowers and this is...
...Sotheby’s can pay its agents more, Azar said, in part because he has torn up the traditional system of neighbourhood offices, giving his agents geographic freedom and cutting layers of management....
...Express said it planned to use the bankruptcy process to sell a “substantial majority” of its retail stores and operations to brand management firm WHP Global, Simon Property Group and Brookfield Properties...
...The disaggregated model — whereby Signa split ownership of the properties from their tenants — was a key part of the way Benko raised billions of debt and aggressively expanded across Europe’s luxury property...
...The PPF bought part of a property fund at a 35 per cent discount to net assets from a fellow pension fund this year....
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