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...Its adjusted funds from operations, which Green Street uses to analyse public property trusts, was $2.1bn, or 74 per cent of dividends, while Breit’s “funds available for distribution” were $1.7bn, or 61...
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...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...
...Sunak knows his way around Wall Street firms....
...“Instead of developing their own trading strategy, defendants stole the results of Jane Street’s long-term and hard-earned investments — its intellectual property and trade secrets,” Jane Street alleged...
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...A typical borrower who took out a two-year fix at 1.6 per cent in 2022 will face a 42 per cent increase in their monthly payments, according to calculations by Zoopla, the property portal....
...The inflows came even after Blackstone was forced to limit withdrawals from a similar $67bn property fund just over a year ago....
...BREIT, Blackstone’s hyped retail property fund, had to restrict investors from cashing out shares for several quarters, per the limits of its investment agreement....
...Depending on how things play out, Silverstein, the developer of the rebuilt World Trade Center, could take control of the unfinished building....
...Cracks in US commercial property markets are spreading. Over-leveraged and underused office buildings in New York and San Francisco are starting to trade hands at knockdown prices....
...The hedge fund manager getting all the attention, of course, is Nelson Peltz, the octogenarian co-founder of Trian Fund Management....
...After leaving Goldman Sachs, he worked at hedge funds the Children’s Investment Fund and Theleme Partners....
...Yet even after those gains, shares in Mitsui Fudosan trade at just 16 times forward earnings, at about half its levels a decade ago....
...What’s the outlook for employment and pay on Wall Street?...
...It also said it had a “record” $1.8bn in liquidity and had collected $3.8bn in loan repayments over the past 12 months....
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...In the first two months of this year, the Association of Southeast Asian Nations bloc was China’s biggest trading partner, with trade rising 4.8 per cent, followed by the EU, with which trade fell 4.1 per...
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...Their passive counterparts had $1.3tn in combined assets and garnered $169.1bn in net inflows over the same period....
...On September 11 2001, after the World Trade Center towers had collapsed, a radio interviewer asked the developer how his own nearby building was faring....
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