All articles by James Whitmore – Page 14
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Noé’s £50m prepack buyout of £40m distressed portfolio
Leo Noé’s family trust has reached an agreement to pay off the bondholders that have security over a distressed portfolio of properties.
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Canadians buy famous Paris office building for €245m
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has agreed to buy PSA Peugeot Citroën’s historic head office building in Paris for €245.5m.
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Savills chief pockets near-£1m bonus after profits rise
Savills chief executive Jeremy Helsby earned £1.27m in 2011 after the firm grew underlying profit by 7% to £50.4m.
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Valad and Lloyds refinance €1.1bn Duke loans
Valad Europe has completed a €1.1bn refinancing of Duke, its real estate joint venture with Lloyds Banking Group.
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Valad or Patron? Only one way to find out …
Bondholders must decide fate of “crap of the crap” Dutch property portfolio. James Whitmore reports
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Prepack puts Colliers pensions in jeopardy
Chief executive Horrell now has “millions” for recruitment drive
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CBRE puts its bonus pool money where its mouth is
When he unveiled CBRE’s 2011 results last month, CEO Brett White said the company’s senior management bonus pool would be significantly lower than it was in 2010, despite net profit increasing by 19% to $239.2m.
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Midweek Bulletin: Inside the Colliers UK pre-pack
Property Week ’s Giles Barrie and James Whitmore discuss the pre-pack sale of Colliers International UK at 3.30am today, what it means for the business and the morality of opting for the administration route.
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Colliers International pre-pack sale completes
Colliers International UK has been bought by its largest shareholder through a pre-pack administration deal.
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Ronson slams "lynching" of RBS boss Hester
Heron International chief executive Gerald Ronson today launched a passionate defence of Stephen Hester, accusing newspaper editors of “hypocrisy and envy” in their “lynching” of the Royal Bank of Scotland boss.
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Salway joins IPD board
Francis Salway will join the IPD board as a non-executive director on 1 April.
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Social housing REITs temper mortgage REIT disappointment
There was both good news and bad news for REITs in this week’s Budget.
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Brookfield plots multi-billion property portfolio spin-off
Publicly listed Brookfield Property Partners will own income-producing assets, shares and funds
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Benson Elliot rescues German schemes
Purchase of Speymill units is one of country’s first enforced sales of CMBS loan
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Takeover uncertainty at Colliers drags on as shareholders await FirstService bid
The waiting continues for Colliers International UK’s long-suffering staff.
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Pbb restructures lending business with focus on London
Pbb Deutsche Pfandbriefbank is re-organising its real estate lending origination business, giving responsibility for international and cross-border investors to a central team in London.
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BUDGET 2012: Treasury to consult on social housing REITs but not mortgage REITs
The Treasury said today it planned to consult on the role REITs can play in supporting the social housing sector, but it has overlooked mortgage REITs.
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KKR hires European real estate head
Kohlberg Kravis Roberts, one of the world’s largest private equity firms, has hired a former Goldman Sachs man to lead its European real estate drive.
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Colliers gives white knight FirstService two more weeks to complete deal
Colliers International UK’s fate has been delayed for another two weeks.
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Kennedy Wilson and Fairfax create €275m European partnership
Kennedy Wilson, the California-based international real estate investor, has teamed up with Canadian firm Fairfax Financial Holdings to buy European commercial property and loans.