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Real Estate

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.

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.

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.

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