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...Blackstone’s flagship property fund failed to generate enough cash to cover its dividend last year, putting strain on a vehicle the private capital group views as a beachhead in the retail investor marketplace...
...Canary Wharf has pushed to diversify its estate to reduce its reliance on offices, adding life sciences tenants and building out its retail, leisure and hospitality portfolio....
...Interest rate volatility because of inflation made investors nervous in dealmaking, as properties were held back from being put on sale pending more stability....
...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...
...The owner of the Bullring shopping centre in Birmingham and Brent Cross in London reported the first rise in rent expectations since 2017, in the latest sign that the gloom over retail properties is lifting...
...Council tax is a disgrace, where the owner of a mansion in Westminster pays little more than the tenant of a bedsit in Weymouth. Business rates have crippled the retail sector....
...Currently, there are several investment trust vehicles that allow retail investors to invest in unlisted companies....
...A Deloitte study commissioned by the company estimates that the average host in the Paris region will generate €2,000 in additional income during the games....
...Warehouses have held up better than other large commercial property sectors, such as office and retail, as the market suffers a brutal downturn caused by rising debt costs....
...The group is getting 11,800 square metres, of which more than 5,000 is retail space. At current Milan market rates, that could theoretically cost perhaps €50mn a year to rent....
...A Treasury spokesperson said: “We recognise [the] industry’s concerns and are working at pace with the FCA to repeal and replace EU-inherited retail disclosure rules, including for investment trusts.”...
...The estate already houses a number of organisations in the sector, including Genomics England, Barts Health NHS Trust and the General Pharmaceutical Council....
...The futures of Signa Holding, the parent company of the two, and Signa Retail, a third sister company, are still undecided....
...retail real estate defy the wider downturn....
...The purchase comes after the company posted its 2023 results, in which pre-tax profit more than halved due to higher interest rates hitting the value of its properties....
...Her actions had also eroded the public’s trust in the leadership of the ruling Communist party and the state, it said....
...The world’s largest alternative asset manager promised UC an 11.25 per cent annual return from the property fund, called Blackstone Real Estate Income Trust, or Breit, as part of a deal to draw $4.5bn in...
...LondonMetric, led by chief executive Andrew Jones, has in recent years shifted away from retail parks, offices and residential property to focus on warehouses....
...Perversely, property owners may be dissuaded in future from converting their properties back to long-term lets if they have to apply for another change of use, warns the campaign group Generation Rent....
...The number of Clubcard members surpassed 20mn last year and the supermarket has put its money-saving loyalty scheme at the heart of its strategy to attract and retain more shoppers to its stores amid the...
...García-Herrero cautioned that the trusts’ exposure to the property sector, along with other parts of the shadow finance industry, had probably been transferred to bigger banks....
...“We are pleased to report that Blackstone Real Estate Income Trust fulfilled 100% of repurchase requests in February,” Blackstone said in the letter....
...The FTSE 250 group said both retail and institutional investors made withdrawals and noted that £800mn of the outflows related to the departure of the Chrysalis Investments trust managers more than three...
...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...
...You will then hold his proportion of the sale proceeds on trust for his estate. The sale would at least mean that you would no longer be liable for the ongoing property expenses....
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