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Bank had to break leases to vacate defunct rival’s buildings
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...Founded by René Benko, Signa has amassed a €27bn property portfolio but has been hit hard by rising interest rates....
...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....
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...It’s a myth that most homelessness is due to addiction, says Alicia Walker of the Centrepoint charity....
...Among current predictions, Blackstone’s president Jon Gray said that the commercial property industry sector has or will soon reach its bottom....
...Walker responded by putting two of his properties on the market — where they are likely to be bought by owner-occupiers, not a new landlord....
High rates and inflation and slowing economies have taken their toll on demand, finds EY report
...Blackstone cut back its total spending on new property investments from about $47bn in 2022 to about $9bn in the first three quarters of 2023....
...The claim against ING argues that the bank has a “duty of care” under Dutch law to not create any danger that could lead to avoidable damage to property or personal injury....
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...Anne Boleyn (and later of William Waldorf Astor, who reimagined all the gardens here) is the eye-popping display of 80,000 narcissi, which have been boosted year on year with help from bulb supremo Johnny Walkers...
...Between the fashionable beach village of West Wittering and the South Downs National Park, the 74 sq km of estuaries, creeks and wetlands make up are a haven for boating, walkers and birdwatchers....
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