Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by losses on loans to real estate companies. BaFin, which oversees more than 500 insurers, is asking 30 to 40 firms …
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago. …
The tallest skyscraper in the City of London financial district has reached full occupancy just over four years after it was completed. RiverStone International, a holding company that acquires insurance businesses, has leased the final remaining floor at 22 Bishopsgate, …
New York Gov. Kathy Hochul last Thursday said she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement, Hochul said she would propose legislation …
Zurich Insurance Group agreed to sell its iconic office building in downtown Madrid to a Spanish investment fund for about €100 million ($107 million), underscoring the robust demand for real estate in the city. Investment firm Besant Capital has made …
Ping An Insurance (Group) Co.’s trust business delayed repayment on a property-linked investment product, showing how the financial giant’s asset-management operations are still reeling from China’s prolonged real estate downturn. Ping An Trust apologized on Wednesday to its customers for …
CHARLESTON, W.Va. (AP) — A federal bankruptcy court in West Virginia has set a hearing for next month on the potential sale of a defunct private university`s campus. A court-appointed trustee filed a motion Wednesday to sell the former Alderson …
Some South Korean financial institutions may be at risk if bets on overseas property sour, the regulator warned, emphasizing that the likelihood of systemic stress is low. “For companies with large overseas real estate exposures, prudential concerns may emerge individually,” …
The number of soured commercial real estate loans has begun to rise in the UK as the rapid increase in interest rates feeds through to property valuations. The overall default rate on UK commercial real estate debt reached 4% in …
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has driven the need for office …
