Karen Day
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Global Roundup: Aussie banks, China, Japan data
An Australian government review of the country’s financial system has found that banks should hold extra capital, possibly totaling as much as A$30 billion.
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Buyers beat midnight deadline
Buyers rushed to beat a midnight deadline that would have seen them pay higher stamp duty charges following the chancellor’s Autumn Statement.
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Co-op Bank postpones CEO bonus vote
The Co-operative Bank has decided not to put plans for a new bonus scheme for its chief executive officer, Niall Booker, to a shareholder vote next Wednesday.
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Council gets tough on buy-to-leave
Islington Council has put forward proposals that could mean fines or jail time for property investors who leave homes empty while they make money from price rises.
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Bids sought for Towergate
Bankers of Towergate have written to the insurance broker’s bondholders, inviting them to take over equity in the company.
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Standard Life launches property fund
Standard Life Investments, a unit of Standard Life, is planning a £250 million debt fund with a targeted return of 5%-6% a year over 10 years.
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Portuguese property market benefits from immigration
The Portuguese property market is enjoying a revival.
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Bentley to build R&D centre
Bentley is planning to build a 45,000 research and development centre at its headquarters in Crewe.
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RCS, ARCP settle dispute
RCS Capital Corp. has agreed to pay real estate investment trust American Realty Capital Properties Inc. $60 million to settle a lawsuit.
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WP Carey buys properties in Andalusia
WP Carey Inc. has paid the government of the Spanish region of Andalusia 300 million euros for 70 buildings, which it will then lease back to the region.
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QIA, Brookfield raise bid for Songbird
Qatar Investment Authority and Brookfield Property Partners LP have raised their offer for Songbird Estates Plc.
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Share sale at China’s Kaisa
Shares in Chinese developer Kaisa Group Holdings Ltd. (1638) have continued to fall after news the chairman’s family trust has agreed to sell shareto a unit of Sino Life Insurance…