Hints and tips:
...Alternative asset managers have increasingly been helping companies to hive off large infrastructure assets in need of heavy new investment outside of their balance sheets....
...Music publishing valuations have declined 14 per cent from their peak in 2019, according to Shot Tower Capital, an investment bank that advises on music transactions....
...He said the company is confident in the UK’s long-term economic prospects. The pound hit a record low against the US dollar in the aftermath of the “mini” Budget in September....
...An index compiled by VTS, a real estate technology company, shows New York is leading a recovery in office demand across the US....
...On Wednesday, Ted Miller of Boots Capital Management sued Elliott and the board of Crown Castle, the cell phone tower operator, over a December settlement the company struck with Paul Singer’s firm....
...Separately, Morgan Stanley’s credit arm last month committed $700mn to buy song copyrights with music company Kobalt....
...Brookfield committed $15bn this year to fund Intel’s manufacturing of a $30bn semiconductor fabrication plant in Arizona and was part of a consortium that bought a majority stake in Deutsche Telekom’s cellular tower...
...The combined effect, according to Blau, is an environment that pulls employees back into the office — something for which certain companies will pay dearly....
...A few corporate buyers have helped private equity LPs this year....
...RXR defaulted on the $240 million loan on its 33-story office tower in lower Manhattan....
...At some point, these companies won’t be able to keep servicing their debts. Base rate + 800 bps is a lot easier to handle when rates are near zero than at 4-6 per cent....
...Blackstone brass assured the market that its vast property portfolio had little remaining exposure to empty office towers....
...Yet as FT Alphaville editor Robin Wigglesworth writes in the FT this week, Bloomberg LP is now facing two major challenges that will test the company like never before....
...Known as Truffles Tribeca, the building comprises two towers linked by a skybridge near the Hudson River....
...Buy a company, oversee a turnround tricky to do in the public markets, and then sell at a profit....
...said the head of one Sequoia LP, a sovereign wealth fund....
...Job moves Vantage Towers chief executive Vivek Badrinath plans to step down due to “personal reasons” by the end of this year....
...Saudi Arabia’s Public Investment Fund is helping to fund KKR and Global Infrastructure Partners’ agreement to buy a stake in Vodafone’s €15bn towers business....
...The Faemina (from £4,570) may count as being a domestic appliance, but it cuts no corners, complying meticulously with standards set by the Istituto Espresso Italiano....
...is investing $15bn for a 49 per cent stake in Intel’s expansion of its Arizona site, and brings experience in developing infrastructure assets such as transmission lines, data centres and wireless cell towers...
...Sold through estate agency Savills, two-bedroom flats start at €570,000, at €4,000-€6,000 per sq m. Zeleniuch appreciates he is paying a premium....
...Morgan Stanley, which has $1.4tn in assets under management and was ranked 15th-largest by Willis Towers Watson in its latest report, is the largest fund provider not to offer ETFs....
...KKR acquired urban fibre company Hyperoptic in 2019 in a deal that valued the UK company at £500m....
...One Vanderbilt, a 93-storey tower that opened in midtown Manhattan last year, has already surpassed 90 per cent occupancy, the Financial Times reported in October....
...It is also betting on a recovery in travel and on new urban office towers....
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