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.
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.
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
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