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London’s loss is Asia’s gain as realty funds seek safe havens

  Bloomberg London may have just shed its safe-haven property market tag with the U.K.’s vote to break away from the European Union. That’s good news for real estate markets in Asia that offer stability. Singapore, Hong Kong and Australia, which face headwinds including oversupply and high prices, may see money flowing into property as investors flee to safer assets ...

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Crown Estate’s UK property rises almost 10% to $15.8 billion

  Bloomberg The Crown Estate, the property company that generates income for Queen Elizabeth II, said the value of its real estate rose 9.7 percent to a record 12 billion pounds ($15.8 billion). Total return, comprising of rental income and value increases, from its properties, wind farms and other assets was about 17 percent over the past year, the London-based ...

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Cohen’s Point72 plans move to skyscraper in NYC’s Hudson Yards

  Bloomberg Billionaire Steven A. Cohen’s Point72 Asset Management agreed to move its New York offices to 55 Hudson Yards, the third skyscraper planned for Related Cos.’s $25 billion development on Manhattan’s far west side. Point72, the $11 billion firm that oversees Cohen’s wealth, plans to lease more than 175,000 square feet across six floors in the tower, according to ...

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