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...“Now is definitely winter for the property market,” said Sammy Po, chief executive of Hong Kong-based Midland Realty’s residential division. “Prospective buyers prefer a wait-and-see attitude.”...
...UBSO: 6; L: 7; I: 7; Total: 20The legal team at the bank advised on the sale of UBS and Mitsubishi’s joint venture, Mitsubishi Corp-UBS Realty, to global investment fund KKR for $2bn....
...Blackstone used the same technique in its $14.6bn sale of BioMed Realty in 2020 and its €21bn recapitalisation of European logistics giant Mileway in February....
...Similarly, local banks and corporations have grown into global multinationals. “They’re not as civically connected as they were,” Ravitch says....
...On March 31, BIP’s management changed its corporate form from a Bermuda partnership to a Canadian corporation. BIP says these forms will be “economically” equivalent....
...No wonder Equinix and Digital Realty are battling over the less developed European market....
...The company, one of the UK’s largest listed landlords, said on Tuesday that a joint venture between the property company and the supermarket had sold 12 stores to Realty Income Corporation, a New York-listed...
...On Tuesday it was the turn of Realty Income Corporation, a New York-listed group....
...For Jason Haber, a broker at Warburg Realty, the twenty-something Chinese client that showed up to view an apartment a few years ago was driving a Rolls-Royce....
...In 2007, Blackstone had real estate assets under management of $19.5bn; now it has more than seven times that....
...The group, now 50 years old, is known for purchasing stakes in corporations to get a seat at the table and hold management to a higher standard of social responsibility....
...Sony Corporation completed development of the Helmut Jahn-designed complex in 2000....
...Michael Bull, chief executive of the Atlanta-based CRE broker Bull Realty, says the pressure on banks from regulators trying to prevent a crash could become self-fulfilling....
...The structure that emerged was that of a business development corporation (BDC), special tax-free closed-end funds created in the 1980s....
...The deal will double Apollo’s real estate assets under management to $27bn and take its total assets under management from over $162 billion to $182bn....
...Minority shareholders Madison International Realty, Third Avenue Management and EMS Capital have expressed their willingness to sell....
...Cole Credit rejected that bid and proceeded with a plan to buy its management company and go public as Cole Real Estate Investments....
...He cites Bill Ackman’s Pershing Square which, together with Vornado Realty Trust, was able to acquire 27 per cent of the retailer JC Penney before having to disclose its stake. ....
...There will also be an on-site property management company for owners who want to rent their property....
...The office property sector has been hampered by cost-conscious corporations, stung by the global financial crisis, downsizing and searching for cheaper office space....
...The controlling general partner is owned by American Realty Capital, a property investment group with no background in oil and gas production....
...The offer from American Realty, a publicly traded Reit, comes as Cole Credit was preparing to list itself on the New York Stock Exchange by acquiring Cole Holdings Corporation, the company that manages the...
...Back in 1976 Sotheby’s auction house launched its own property division titled Sotheby’s International Realty and, although it entered a long-term strategic alliance with the US-based Realogy Corporation...
...Corporation....
...ICICI Venture had raised 24.7bn ($550m) earlier for its first realty fund, in 2005. This focused on residential, commercial and mixed land-use projects....
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