Vimeo
LinkedIn
Instagram
Share |

Real Estate

September 6, 2010

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

When one of France's wealthiest families wanted to buy a new property in Europe, without hesitation they chose London. After a few months they finally settled upon a £30 million townhouse in Kensington with 10 bedrooms and nearly as many reception rooms. Charles McDowell, who runs his own property consultancy putting deals like the above together, says big deals have been little affected by the turmoil of the last few years, and if anything have been stronger than ever in the last few months.

August 17, 2010

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.

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. 

The company is controlled by the Tchenguiz Family Trust, which holds the majority of the family's wealth. The loss was for the period up until the end of May 2009 and compares with the £32.5 million in the previous year.

April 21, 2010

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

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 to the business of lending and borrowing money) more carefully, writes Max Cole.

April 19, 2010

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.

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.

Founded by Mike Hussey and Neil Jones, two real estate professionals who have previously worked for Land Securities Plc and Grosvenor respectively, Almacantar aims to capitalise on commercial real estate investment and development opportunities, primarily in the market for offices in London and Paris.

April 15, 2010

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.

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.

In a letter to his counterpart at GGP yesterday, the second-generation family member offered to match the reorganisation plan put forward by rival Brookfield Asset Management. However, he claimed his offer to invest $2.5 billion was “substantially more favourable to GGP and its equity holders”. His proposal includes a $1 billion co-investment commitment by Paulson & Co.

February 16, 2010

Family-run real estate giant Simon Property Group has made a written offer to acquire rival General Growth Properties in a fully financed transaction valued at more than $10 billion.

Family-run real estate giant Simon Property Group has made a written offer to acquire rival General Growth Properties in a fully financed transaction valued at more than $10 billion.

Highlighting the company's current cash-rich status, SPG's offer includes approximately $9 billion in cash. Existing secured debt on GGP's portfolio of assets would remain in place.

January 21, 2010

The William Pears Group, the property and investment company owned by the UK-based Pears family, are set to co-invest with private equity group Blackstone and investment firm Cambridge Place to launch a new UK bank.

The William Pears Group, the property and investment company owned by the UK-based Pears family, are set to co-invest with private equity group Blackstone and investment firm Cambridge Place to launch a new UK bank.

The family has invested £50 million into the venture according to media reports today, although no family members were available to comment when the firm was contacted by www.campdenFB.com.

November 10, 2009

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.

Rupert Murdoch, chairman of News Corp, has once again reiterated his desire that one of his children to succeed him as head of the international multimedia company.
 
In an interview with Sky News Australia, Murdoch said: "I am sure one of them will emerge. It would be nice, every parent wants to see that." The family is in control of 40% of the voting rights for the business and, according to Murdoch, has regular succession meetings.
 

October 26, 2009

Investing in distressed property can prove very lucrative, especially during a recession. The key is knowing the market, thinking long term and choosing the best location

In September 2008, Spanish private bank Banco Urquijo opened its brand-new headquarters to much fanfare on one of Madrid's most exclusive streets. The building on Calle Serrano was unveiled to a 500-strong audience that included some of the biggest names in the Spanish business world.

Click here >>
Close