‘Can of Ham' skyscraper sale collapses in £300m blow for City [Yahoo! Finance]
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: Yahoo! Finance
The failure of private equity giant Blackstone to purchase 70 St Mary Axe for around £300m is seen as a blow for the City as the sale of the office block at that price would have been the biggest London office deal in two years. Blackstone had been in talks with current owner Nuveen, the asset management arm of US pension company TIAA, about a deal. However, Nuveen was not willing to go below its £322m price tag. The failed sale, first reported by Green Street News , reflects the woes of London's office property market since the pandemic. Property values dropped sharply in the wake of the pandemic and the market has struggled to recover. The shift towards working from home has hit demand for offices in the capital, while surging interest rates have made the cost of financing property deals prohibitively expensive. While interest rates have begun to ease this year and workers have begun returning to the office more frequently, transactions have remained subdued. The “Can
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- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]Yahoo! Finance Canada
- Cushman & Wakefield plc (NYSE: CWK) had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $17.00. They now have a "neutral" rating on the stock.MarketBeat
- Move over, Fifth Avenue. Milan's Via MonteNapoleone has taken your crown as world's most upscale shopping street [CBS News]CBS News
- Milan's Via MonteNapoleone usurps New York's Fifth Avenue as world's most upscale shopping street [Yahoo! Finance Canada]Yahoo! Finance Canada
CWK
Earnings
- 11/4/24 - Beat
CWK
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/12/24 - Form SC
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