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30.10.26 - 06:30
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Evergrande liquidators sell controlling stake in property services unit for US$513 million (SCMP)
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Liquidators of China Evergrande Group have agreed to sell a controlling stake in its property management arm to investment firm PAG for HK$4.03 billion (US$513.6 million), as they seek to recover assets for creditors owed US$46 billion.
The sale of a 51.016 per cent stake in Evergrande Property Services could give the profitable business a new controlling shareholder after its parent used billions of yuan of its bank deposits as collateral for loans, leaving the company struggling to recover the......
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29.10.26 - 14:24
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The Commercial Real Estate Crisis Is Far From Over (ZeroHedge)
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The Commercial Real Estate Crisis Is Far From Over
Submitted by QTR's Fringe FinanceI've been harping on the problems in commercial real estate for years now, and one of the more interesting developments over the last several months has been how little anybody seems to be talking it them anymore.For a while, commercial real estate was supposedly going to bring down the banking system. Then the regional bank failures came and went, the Federal Reserve helped stabilize the financial system, and the market collectively decided that the problem had been contained.But just because something has disappeared from the headlines doesn't mean it has disappeared from the balance sheet. In fact, I would argue that we're approaching precisely the point in the credit cycle when some of the more serious problems should start revealing themselves.Credit conditions are tightening, borrowing costs remain elevated, and we're beginning to see signs of strain in private credit. It would be remarkable if comme...
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29.10.26 - 12:01
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UK Mortgage Approvals Decline (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals declined in September amid rising mortgage interest rates, official data showed on Thursday. Mortgage approvals, an indicator of future borrowing, declined......
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28.10.26 - 22:36
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VICI PROPERTIES INC. Bottom Line Declines In Q3 (AFX)
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WASHINGTON (dpa-AFX) - VICI PROPERTIES INC. (VICI) announced a profit for third quarter that Dropped, from last yearThe company's bottom line came in at $342.534 million, or $0.31 per share. This ......
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