Founder Norman Foster... sold a 40pc stake in the firm for £84m in 2007 when commercial property valuations were soaring.
The private equity group is selling its stake back to Foster & Partners for £108m, plus a further £40m interest payment.
Foster & Partners faced a challenging environment during the recession and while estimates valued the business at £300m in 2007, it had amassed a debt burden of £340m by the year ending April 2009. — telegraph.co.uk
Major 3D design software company Autodesk recently announced the launch of the Autodesk Foundation to further invest in influential individuals and non-profit organizations who use impactful design to find solutions for various pressing global issues. And to increase contribution to the...
The Winter Olympics in Sochi are just a few days away. Russia has spent $50 billion on everything from construction to security, making these the most expensive games in history. [...]
"I think one of the knee-jerk reactions has been ... 'will we be left with a load of white elephants?' " he adds.
The answer from most economists who study the Olympics is: Yes, you will. — npr.org
[...] developer Ben Miller says, until now, it’s been impossible for local people to invest in development right across the street.
“Who owns your environment? You don’t know,” he says. “Who’s building your environment, who’s building your city? Not you.”
Miller is co-founder of the group Fundrise, which has started selling shares of private real estate projects to the public online. [...]
First they bought 1351 H Street with private capital, then crowdfunded about a third of it. — marketplace.org
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