All articles by Lucy Scott – Page 11
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Manhattan office rents slide further
Manhattan office rents slid during the fourth quarter of 2008, as companies exerted more caution in the wake of the collapse of Lehman Brothers.
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Californian mortgage lender IndyMac bought for $13.9bn
Californian mortgage lender IndyMac Federal Bank has been bought by a group of private equity investors for $13.9bn (£9.5bn).
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Italian bank UniCredit sells headquarters and banks in portfolio
Italian bank UniCredit has packaged a portfolio of domestic real estate, including its Milan headquarters, into a fund and sold 62% of the units to institutional investors.
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Russian giant PIK to get state support
Russian Prime Minister Vladimir Putin has announced that the country’s biggest property developer can count on a range of state support after its shares fell 96% over the last six months.
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Dubai's housing market 'reaching tipping point'
Dubai’s housing market could be approaching ‘tipping point’ as investors continue to exit the market and the availability of debt dries up, according to HSBC.
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Property sales plummet in Australia
Commercial property sales in Australia have plummeted by 65% on 2007, hitting the lowest level for 14 years.
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Brush sweeps in
RREEF man back with a bang as driving force behind $1.5bn global opportunity fund
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Ratings agency Fitch lowers US REITs from stable to negative
Ratings agency Fitch has lowered its 2009 outlook for some sectors of the US REIT market from stable to negative as property companies battle with recession, softening property fundamentals and weakened liquidity.
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Rescue fund gives Hypo €10bn in guarantees
Property financier Hypo Real Estate Group has been given an extra €10bn in guarantees from the German state stabilisation fund to help strengthen its liquidity.
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Men in the news: Bossom, Lahham and Stults
Orion’s stars burn brightly with €900m equity raising
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Professional
My Big Move: Phil Chamberlain
Arady fund manager Phil Chamberlain left the gloom of the liquidity-light European market for the glittering opportunities afforded by Abu Dhabi. He tells Lucy Scott why the emirate was worth moving to
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DLF scales back Gurgaon mall as retail’s Indian summer begins to cool down
Country’s biggest developer to cut back on plans for Mall of India, as retail demand plummets
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The death of old glory- America’s pension funds retire from property
America’s pension funds were among property’s biggest investors, but the ‘denominator effect’ has stopped them in their tracks
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Lessons from 2008’s school of hard knocks
At the start of 2008, the UK and US were just beginning to come to terms with the abrupt end of the most spectacular bull run that either market had ever seen, hastened by the infectious American-led subprime crisis and credit crunch.
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Grosvenor Euro head to go in fund management shake-up
Developer also plans expansion into Asian luxury residential
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Grosvenor to reorganise continental European business
Grosvenor’s chief executive of continental Europe is to leave the property company next summer following a restructuring of the business.
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Orion fund raises €900m for continental bargain hunt
Fund manager to make opportunistic play in western Europe’s crunched markets
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Woman in the news: Inès Reinmann
Segro is latest cause to benefit from the first lady of French philanthropy