Fortress in exclusivity to buy €1.9b Greek NPL portfolio
New York-based Fortress is believed to be offering €450 mln, or 24 cents on the dollar, for a package of soured loans which are backed by around 4,000 assets in Greece.
Three-way merger will create Germany’s number three residential giant
Consolidation among German property companies continued this week with an agreement to create an €8.6 bn residential giant by combining Ado Properties, Adler Estate and Consus.
A ‘Brelief Bounce’ for the UK? Not yet, says Savills
Call it an agent’s fudge? Savills is predicting a better year - but not much better - for UK investment in 2020.
Hudson's Bay's ‘orderly wind-down’ of Dutch business misfires
Hudson’s Bay Company’s withdrawal from the Dutch market following a two-year adventure has become a costly legal affair for the struggling Canadian retailer. Wabe van Enk reports.
How low can property yields go?
Bond yields imply there is scope for further compression in property yields. But prime yields are not going anywhere in a hurry. Here’s why, says Neil Blake, global head of forecasting at CBRE.
AXA IMRA to branch into co-living after Kley acquisition
AXA IMRA buys another operational business to move into co-living while expanding its student housing portfolio, reports Jane Roberts
Barings builds European presence
Business is lining up expansion in debt, core and value-add strategies, reports Jane Roberts.