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...The failure of Signa, a property empire built over the past two decades by its politically connected, billionaire founder Benko, has been the highest-profile casualty of the strains across Europe’s commercial...
...Forty-one Upper Grosvenor Street was the subject of a dispute between Merix and the Duke of Westminster’s estate over whether the property, which had previously been used both as an office and a place of...
...The property group warned that the number of new home completions would fall from an annual average of about 210,000 over the past five years to 160,000 over the coming year as higher debt costs hit construction...
...“We can see a resurgence in London back to pre-pandemic levels, and a general increase in the popularity of cities among buyers,” said Tim Bannister, Rightmove’s director of property data....
...The growth in casualty insurance is intended to provide a “better balance” to its catastrophe-exposed property policies....
...More than 30 per cent of Thames’s sewer network is not mapped, the Financial Times revealed last week, underscoring the challenge the company faces as it tries to reduce spills....
...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....
...Promoters of the rock-free way of growing them are D’Arcy and Everest near Huntingdon, who also supply ready-planted pans and big containers....
...Austin, Texas, which was red hot during the pandemic, is now in the throes of a property market crash, while prices in Albany, Providence and Hartford posted double-digit year-on-year gains....
...Several state banks last year unveiled new credit lines to companies including Country Garden as part of government support for the property market. But Country Garden’s sales kept falling....
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...of several group companies....
...But both property and casualty reinsurers, and their counterparts in the life business, are now attracting greater attention. Let us take them in turn....
...Today the company’s portfolio of healthcare-related buildings, worth just under £3bn, comprises 514 properties across the UK and Ireland, serving 6mn patients, or 8.8 per cent of the UK population....
...A series of property group defaults has meant “end buyers don’t trust developers any more,” said Andrew Lawrence, Asia property analyst at TS Lombard....
...The likely sale of Paramount marks it out as the first big casualty of the streaming wars. It may not be the last. When companies followed Netflix into streaming, market entry was straightforward....
...But as the property market adjusts to higher interest rates, a growing number of mainstream homes are being traded in this way — or so estate agents claim....
...KaDeWe, Germany’s most famous and exclusive department store, filed for administration on Monday, becoming the latest casualty of René Benko’s crumbling property empire....
...Grosvenor, the Duke of Westminster’s property company, is taking a big bet on flexible workspaces to meet West End office tenants’ post-Covid requirements and generate higher returns....
...“There are lots of parks and green spaces and a great restaurant scene — when something new opens, it’s booked up for ages,” says Maldonado, who works in property....
...But housebuilding activity registered a setback with the lowest reading since January, as construction companies noted sluggish market conditions and the impact of elevated borrowing costs....
...“He was a young tech guy, and his company had blown up, and he needed tax write-offs....
...In reality, higher rates have helped property prices, because of the unique characteristics of the American mortgage market....
...intellectual property protection....
...We talked a little bit about these sorts of stocks last week, and we mentioned our first pick, Everest Group, then. Everest is a property casualty reinsurer and primary insurer based in Bermuda....
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