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...The aristocratic Grosvenor family has owned property in London for more than 300 years....
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...The government is seeking the order against Yianis Holdings Ltd and two other companies in the group....
...CoStar said last week it had made an offer of about £100mn for the company, sending rival property site Rightmove’s shares down 12 per cent on Thursday....
...Property developers in China typically sell homes before they are completed....
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...Until now, no matter how bad things got, Chinese property developers could count on state-owned lenders to have their backs....
...The UK Serious Fraud Office has opened an investigation into an alleged £140mn property fraud and arrested four people in a series of raids....
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...It’s not for want of trying, says Riyan Itani, founder of Global Branded Residences Ltd, who has conducted feasibility studies on several projects....
...In early 2023, after a wave of defaults shook China’s property industry to its core, one of the country’s largest and most trusted developers struck a note of quiet confidence....
...Further research, he added, would shed light on the compounds’ properties....
...Last month, Hong Kong judge Linda Chan issued a liquidation order after the property group failed to produce a restructuring plan....
...Chinese developer Vanke’s bonds have been downgraded by Moody’s in the latest outbreak of stress across the country’s troubled property sector....
...This was not just a higher proportion than any other single Japanese bank, but a large part of the entire banking sector’s exposure to US commercial property....
...The US commercial property market, the largest in the world, has been sliding....
...The bank said its new forecast reflected additional allowances for loan losses amid rising risks of property-related loans turning sour....
...Southampton city council, which has also applied for emergency support, is considering selling off car parks and other properties in a bid to meet a £37mn budget shortfall....
...The Financial Times Ltd and the authors are not responsible for any direct or indirect result arising from any reliance placed on replies, including any loss, and exclude liability to the full extent....
...Operating profit was up by nearly a fifth to £146mn, but the firm said this was driven by “one-off property related income”....
...The property developer said in an exchange filing on Thursday it would sell a stake in Zhuhai Wanda Commercial Management Group, a mall operator that is part of Dalian Wanda Group....
...Once the legal title to the property has been updated, you could then sell the property....
...“We expect evidence of distress to ramp up this year as loan extensions end,” said Kiran Raichura, deputy chief property economist at Capital Economics....
Fintech negotiating for space in former Thomson Reuters building amid challenging time for Docklands estate
...Its shares are down 99 per cent from the 2021 peak, in line with declines in shares of parent China Evergrande and subsidiary Evergrande Property Services Group....
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