Hints and tips:
...Last year, fears over commercial property valuations and a rush to cash caused a surge in redemption requests from Breit....
...It owns two other office buildings in the capital....
...[If they] can’t pay [and are] never going to be able to catch up, OK, well, then we’re going to have you leave the property.”...
...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...
...But it sounds as if the two sides are far apart....
...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....
...In November, UK housebuilder Vistry announced a £819mn deal with two Blackstone-backed residential landlords to sell 2,915 private and affordable rental and shared ownership properties....
...That two-thirds is by value....
...Expectations that the US Federal Reserve will soon start cutting interest rates from two-decade highs have raised hopes among dealmakers for an M&A recovery....
...Blackstone took control of the trust in 2013 and two years later dramatically expanded it with the purchase of a $4.6bn portfolio of commercial mortgage loans from GE Capital....
...KKR is building its investment operations in infrastructure and property and is preparing to launch new flagship corporate buyout funds in the US and Asia....
...Morfit described Disney as “the world’s leading entertainment company”, adding it had “the best intellectual property, sports brand and parks and experiences assets in the industry”....
...Blackstone bought HIP in 2017 from Banco Sabadell two years after it was founded, and has overseen a rapid expansion....
...Blackstone has spent more than $1bn in recent years to buy land to build new data centres in five states across the US, according to two sources familiar with the matter....
...It hit $58bn in loan originations in 2021, a 1,000 per cent increase from two years prior....
...Starboard’s incursion comes after the Murdochs in 2021 tried to combine News Corp with Fox, a deal that would have reunited the two halves of their media empire....
...Combined, the business lines have been Blackstone’s fastest growing over the past three years: the company reported a net $41bn of inflows into the units in the year to June, accounting for almost two-fifths...
...And no property is more coveted than the Indian Premier League....
...He started to feel that his judgment was being questioned, according to two people close to him....
...And then we do have this segment of older office [buildings] that [are] struggling at the property levels.”...
...The two firms had initially started working together in 2020 when they formed a joint venture called Atlantic Park....
...The first one was in New York, when the artist Theaster Gates hosted an LP session at White Cube gallery on the occasion of his exhibition Hold Me, Hold Me, Hold Me....
...In March 2022, it acquired Irish commercial property manager Burlington Real Estate for €1.8mn as part of its continuing expansion plans....
...A few corporate buyers have helped private equity LPs this year....
...Bottura and Gilmore acquired the property in San Damaso in 2017 with the intention of turning it into a B&B — a place where visitors to their three Michelin-starred restaurant Osteria Francescana in nearby...
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