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EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
Foreign raiders set to push price for EY Centre to pre-pandemic levels Share Intense competition from international investors for a 50 per cent stake in the blue-chip EY Centre in central Sydney could push the price to pre-COVID-19 levels, after a year of workplace disruption threatened values for even prime CBD office towers. Final offers closed on Monday with price predictions swinging between $550 million and $580 million for the half share, being sold by the AMP Capital Wholesale Office Fund (AWOF). A 50 per cent share of EY Centre at 200 George Street, Sydney, is up for sale and has attr...
Chinese investment in Australian property deals collapsed in 2020 while tensions between the two governments grew. Sino investment in Australian commercial projects worth $10million-plus plunged to $920million in 2020 - down $400million from the year before - Real Capital Analytics told Daily Mail Australia. The drop isn't over yet either with Chinese state-owned and private investment in the same sector at a paltry $29million for the first three months of 2021. While Canberra and Beijing engaged in a war of words, Chinese investment in Australian commercial property has fallen off a cliff Th...
Churchill Real Estate’s Justin Ehrlich and Oaktree Capital’s Howard Marks When Howard Marks’ Oaktree Capital set out to raise billions of dollars targeting troubled debt last spring, loan defaults seemed inevitable. Companies were teetering, people were hunkered inside and travel had come to a halt. “The firewood had been stacked,” Oaktree wrote in its presentation to investors. And the coronavirus was the lighter. Billions of dollars were raised at a record rate eyeing distress opportunities. Marks, whose memos are closely read by Warren Buffett, saw the flames of distress burn qui...