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Real Estate

Residential property deals of more than $20 million remain buoyant, but family offices are steering clear of commercial real estate reports David Bain.

The property group controlled by Robert and Vincent Tchenguiz, the Rotch Property Group, recorded a £25 million loss in its last financial year, according to a report in the Financial Times, which cited Companies House filings.

One of the consequences of the financial crisis is that lenders are now scrutinising their security (ie assets earmarked for a lender by a borrower as part of a loan deal when lending and borrowing money) more carefully, writes Max Cole

Exor, the holding company of Italy’s Agnelli dynasty, has announced that it plans to invest €100 million in Almacantar, a new company specialising in the commercial property market.

David Simon, chairman of the board and CEO of family-run Simon Property Group, stepped in personally to try and help force through his company’s hostile takeover of General Growth Properties.

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