Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Meanwhile, the LGIM U.K. Property Fund, which has over 2 billion in assets, offered investors a 7.96 percent return in the 12 months through June 30. The world is so uncertain. Nonetheless, The Arch Co. says its occupancy figure has remained stable throughout the pandemic a remarkable achievement given the rates of closure for small businesses nationally. The default occurred as rising interest rates hit European property values. Through its new Blackstone European Property Income Fund, the US investment manager Blackstone has acquired a logistics platform from Singapore-based Elite Partners Capital and Macquarie Capital for 520 million. Date Filed. In April 2020, it banned commercial property landlords from demanding rent arrears or evicting tenants. Blackstone Real Estate Income Trust Inc. will soon expand its U.S. industrial holdings by approximately 37.5 million square feet now that the perpetual-life real estate investment platform has signed an agreement to acquire Toronto-based WPT Industrial Real Estate Investment Trust. WebBlackstone European Property Income Fund Master FCP; Firm: Fund # CIK # 0001886201: Sale: Fund: Phone: 2125835000: Address: 1113 Boulevard de La Foire Grand Duchy of Luxembourg, Luxembourg L-1528: Source: Fund AUM and Sold ($) 1.0 0.8 0.6 0.4 0.2 0.0 2009 2013 2017 2022: Fund Details; Director: Custodian: Auditor: Marketer: Advanced search Blackstone defaults on $562 million Nordic property-backed CMBS - Bloomberg News: RE. Guardians of the Arches said the offer was a resultfor tenants: Many businesses would not have survived they were considering going into liquidation rather than having to carry the burden through the crisis., Since the rent moratorium ended in July, The Arch Co. has reverted to renegotiating rental contracts. Our Degree programs are offered by UGC approved Indian universities and recognized by competent authorities, thus successful learners are eligible for higher studies in regular mode and attempting PSC/UPSC exams. On Wednesday, the BREIT said it was forced to limit withdrawals for the fourth straight month. The future for many of these tenants is unclear. Private equity giant begins buying offices for European core-plus strategy, What: Blackstone has bought the Colmore Building in Birmingham, Why: Ashby Capital exiting for 182m after buying asset in 2015, What Next: US giant interested in further core-plus office opportunities in UK and Europe. document type. Dear user, ET RealEstate privacy and cookie policy has been updated to align with the new data regulations in European Union. She is very prolific in delivering the message of Jesus Christ to the world, bringing people everywhere into a place of the victory God has prepared for them. You may change or cancel your subscription or trial at any time online. It also has more shopping centers, department stores, and insolvency regulations including company voluntary arrangements that make it easier for retailers to break leases. All Rights Reserved. Blackstone's $71 billion unlisted real estate income trust (BREIT), which also defaulted, has run into trouble. Toronto-Dominion Bank has agreed to pay $1.2 billion to settle allegations that it aided the scheme by banking Stanford Financial despite a flurry of suspicious activities. This file may have been moved or deleted. NIOS helped in fulfilling her aspiration, the Board has universal acceptance and she joined Middlesex University, London for BSc Cyber Security and Asset owners and real estate investors plowed money into Nordic real estate after the 2008 global financial crisis. "Having purchased the Colmore Building in 2015 when it was 40% vacant, this sale marks the successful completion of our asset strategy" - PETER FERRARI, ASHBY CAPITAL. Can Shell close the valuation gap with US rivals? Blackstone says it delivered a dividend yield 340 to 440 basis points higher than government bond yields in the 12 months to August 2021, and offered investors a hedge against inflation, since real-estate income increased faster than inflation over the last decade. university Read more: Pimco, Brookfield Office Defaults Signal Deepening Property Pain. Learn more Detail: https://www.bepif.com/ 2 [PDF] Performance and Fee Report Fiscal Year 2020 2021.xlsm Author: nctreasurer.com Published: 06/05/2022 Review: 4.61 (553 vote) Emerge as a leading e learning system of international repute where global students can find courses and learn online the popular future education. The company was founded in 2000 and has been listed on the Helsinki Stock Exchange since 2006. SC asks Authum Investments to implement resolution plan for Reliance Home Finance22 hrs ago, Uttar Pradesh CM meets aggrieved Noida homebuyers, assures 'complete solution'22 hrs ago. The subtext: It would take a private entity to max out the value of the assets. Other tenants including Chubb, Allianz, Investec, Irwin Mitchell, Hogan Lovells, Rathbones and Willis Towers Watson. or Tenants have noticed that the kinds of businesses coming in are not the same as the ones leaving. Blackstone Inc has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, The private equity firm sought an extension from the bondholders to repay the debt, but they voted against it, a source familiar with the matter told Reuters. The deal also showed that there is a growing need for good commercial property in the area, especially in Finland. Blackstone European Property Income Fund SICAV. Share your stories and opinions with us here. There is going to be a role for real estate in retail going forward, Johnston says. On Wednesday, the BREIT said it was forced to limit withdrawals for We use The pandemic has both accelerated and disrupted certain trends, he says. have discontinued my MBA as I got a sudden job opportunity after Digital Forensics. Many UK commercial landlords are looking to diversify into mixed-use properties and focus on higher-return opportunities as the pandemic erodes the valuations of retail and office spaces, and an extended moratorium on rent hurts their income streams. It seemed like a good investment: Network Rail, swimming in 46.5 billion ($63.9 billion) in debts, had delayed 162 million in investment in the portfolio. WebBlackstone European Property Income Fund Associates (German Minority) S. r.l. Perfect E Learn is committed to impart quality education through online mode of learning the future of education across the globe in an international perspective. Shares of the private-equity firm fell 1.6% after news of the default was first reported by Bloomberg. Then the pandemic hit, and what was a bad situation for U.K. retail became immeasurably worse. Concerns about how far values could fall are encouraging lenders to push for sales more quickly, while borrowers would prefer more time to seek higher offers for their properties. A lot of that capital expenditure had to be paused because of Covid, but as the lockdown eased, The Arch Co. was preparing to bring empty arches which make up a quarter of the portfolio back into use. I strongly In a note to investors sent on May 22, 2020, LGIM said its 2 billion U.K. property fund had collected just 76 percent of the rent owed by the end of March. And I bet that in the future, people make money out of it too.. As part of the project, LGIM Real Assets is giving ten businesses a shop on Kingland, where Dean opened her plant shop, with no rent or business rates for the first two years. Knight Frank advised Blackstone. She is also the author of several books, including Seven Keys to Living in Victory, I am My Beloveds and The Cup Bearer. The whole question of the data that you need to be a successful landlord how you decide what data you need, how you collect it, how you analyze it, how you distribute it is going to be a really interesting piece, Johnston says. It is Blackstones first office acquisition outside of London in the UK, although it has had previous exposure to regional offices through non-performing loans. By this summer, Legal & General Groups share price was trading back around pre-pandemic levels of 270p on the FTSE 100, having hit 157p in March 2020, when the funds were forced to close. The family-owned cafes and the migrant-run mechanics are shutting up shop. This copy is for your personal, non-commercial use only. In mid-August, a handful of business owners gathered in an arch in east London to discuss these developments and how they could resist rent hikes and eventual eviction. The company has now defaulted on a $562.5 million bond backed by a portfolio of offices and stores owned by the Finnish company Sponda Oy. Last Name First Name Middle Name; Blackstone Europe Fund Management S.a r.l. Landsec said the completion of the Harbour Exchange sale to Blackstone European Property Income Fund will take place before the end of the year. I was in search of an online course; Perfect e Learn Harbour Exchange, located in the Docklands area, comprises two redeveloped office buildings, housing datacentre and office space, and was let to Equinix (UK) Ltd with an unexpired lease term of nearly 20 years. McWilliam previously worked at Grosvenor, an ancient, global property company owned by a royal, the Duke of Westminster. an increase of 2.91% over one month. He says landlords are going to have a much closer understanding of the financial performance of their tenants and the different ways in which value is accrued to the tenant through the tenancy just as The Arch Co. is requesting to see the financial data of its tenants, and as LGIM is using turnover leases for new tenants and leveraging data analytics to be more fluid and flexible in the way it fills legacy shopping centers. -2.90 -2.90%. Grade 10 and 12 level courses are offered by NIOS, Indian National Education Board established in 1989 by the Ministry of Education (MHRD), India. There are signs LGIM is trying to reduce this funds exposure to retail: In the second quarter of 2021, it disposed of four assets, including two high-street shops and a retail warehouse park. Blackstone, with $649 billion under management, could weather a year. As at 30 June 2021, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to EUR 5,487.526 billion compared to EUR 5,332.392 billion as at 31 May 2021, i.e. The portfolio is about 45% vacant, having risen about 10 percentage points higher during the pandemic, according to the report. Landsec said the completion of the Harbour Exchange sale to Blackstone European Property Income Fund will take place before the end of the year. The company has now defaulted on a $562.5 million bond backed by a portfolio of offices and stores owned by the Finnish company Sponda Oy. And retail has become closer to that: You may as well get on the front foot and provide what occupiers need rather than signing long leases that might not be appropriate ten years from now. BLACKSTONE PLANS EUROPEAN INFRASTRUCTURE FUND INITIALLY TARGETING UP TO $2 BILLION - BLOOMBERG NEWS | March 3, 2023 . FBI Documents Show Leonardo DiCaprio, Kim Kardashian Grilled for 1MDB Secrets, Female Execs Are Exhausted, Frustrated and Heading for the Exits, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Russian Airlines Are Flying High Despite Sanctions, Critics of Bidens Antitrust Push Target FTCs Lina Khan, Ukrainian pilot pair in Arizona to fly military simulators - US official, Another Norfolk Southern train derails in Ohio; company says no toxins aboard, UPDATE 1-China sets economic growth target of around 5% as parliament opens, China to develop more energy and mineral reserves and boost production, China Sets Modest Growth Target as Economic Risks Persist. The project is time consuming and intensive, but once it picks up momentum, we will end up with an asset that will reward our activities and reward the pensioners.. Be sure to check your spelling. In the U.K., institutional investors and pension funds with commercial real estate in their portfolio have been forced into this cuddly arrangement in the knowledge that shareholders everywhere are watching. 2022. LandSec announce this week that 6-9 Harbour Exchange, occupied by Equinix and offered as its LD8 IBX data center, has been sold to Blackstone European Property Income Fund (BEPIF). Tenants thousands of them, renting sometimes damp, sometimes noisy railway arches for businesses including bakeries, hair salons, and car garages were long overdue for structural inspections to make sure the trains could still run safely overhead. The Guardians have called for local and central governments to review how rent valuations are conducted. BEPIF Feeder SICAV - I. AA-EUR Cap - LU2339811098. I believed the future of retail was about agile, flexible environments. We believe it has accelerated the shift toward e-commerce on the one hand, benefiting the logistics sector, but on the other, impacting certain subsectors within physical retail., In logistics, its the last mile that he finds most interesting. The largest fund administered by Blackstone Group Inc., the giant investment firm known for raising capital from institutions such as pension funds and endowments, is now one that .css-1h1us5y-StyledLink{color:var(--interactive-text-color);-webkit-text-decoration:underline;text-decoration:underline;}.css-1h1us5y-StyledLink:hover{-webkit-text-decoration:none;text-decoration:none;}mostly targets individual investors. Our online courses offer unprecedented opportunities for people who would otherwise have limited access to education. Get ETRealty's top stories every morning in your email inbox. WebBlackstone European Property Income Fund (Master) FCP: Street Address 1 Street Address 2; 11-13 BOULEVARD DE LA FOIRE: City State/Province/Country L-1528: 212-583-5000: 3. At LGIM, Ibrahim is living out his consumer-driven fantasies. The real sting for tenants would come further down the line: Once the moratorium expired, tenants would find themselves on the hook for all of the rent in arrears. In March 2020, days after Prime Minister Boris Johnson ordered the U.K. into lockdown, LGIM, Janus Henderson Investors, BMO Global Asset Management, Columbia Threadneedle Investments, and Aviva Investors announced restrictions on their flagship property funds, freezing more than 10 billion worth of investments. When it took over the portfolio, The Arch Co. introduced an affordability mechanism as part of its tenants charter, drawn up in consultation with Guardians of the Arches, with the aim of keeping a diverse mix of businesses in the arches. Bondholders voted against a further extension, the people said, asking not to be identified as the sales process was not public. But there are signs that it is increasingly hunting for assets to give both institutional and individual investors exposure beyond the traditional portfolio. (Reporting by Jaiveer Shekhawat and Mehnaz Yasmin in Bengaluru; Editing by Anil D'Silva, Shinjini Ganguli and Josie Kao), Ukrainian pilot pair in Arizona to fly military simulators - US official, Another Norfolk Southern train derails in Ohio; company says no toxins aboard, UPDATE 1-China sets economic growth target of around 5% as parliament opens, China to develop more energy and mineral reserves and boost production, China Sets Modest Growth Target as Economic Risks Persist. Premium access for businesses and educational institutions. Shakey Nordic Property Values Impact Investors Like Blackstone. The U.K. has more square feet of store floor space than any other country in Europe. Israels Window to Strike Iran Narrows as Putin Enters Equation, Tycoon Deripaska Warns Russia May Run Out of Money in 2024, Americans Need to Be Richer Than Ever to Buy Their First Home, Citigroup Cuts Hundreds of Jobs, Including in Investment Banking and Mortgage Units, Fed Speech Scrapped After Participant Shows Porn in Zoom Room. Real estate was very fixed, and consumer expectations were very fluid. WebFeb 2022 by Property Forum | Investment Savills, together with Eastdil Secured, has advised Macquarie Capital Principal Finance and Elite Partners Capital on the sale of a pan-European logistics portfolio, Elite Logistics Fund I to Blackstone European Property Income Fund (BEPIF) for 520 million. I was already a teacher by profession and I was searching for some B.Ed. Blackstone is buying the asset on behalf of Blackstone European Property Income Fund, a new perpetual life vehicle targeting the individual investor market. personalising content and ads, providing social media features and to For cost savings, you can change your plan at any time online in the Settings & Account section. The purchase is understood to reflect a net initial yield of around 5%, a level considered relatively attractive compared to other core markets the investor operates in. WebThe Blackstone Group International Partners LLP (BGIP) is a limited liability partnership registered in England and Wales under number OC352581 and is authorised and A year later, M&Gs U.K. property fund was still to reopen. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. recommend Perfect E Learn for any busy professional looking to Residents, however, have complained of the constant noise from mopeds coming and going at all hours, while existing tenants fear the death of local ecosystems of businesses that once served one another. Blackstone's $71 billion unlisted real estate income trust (BREIT) has also been in hot water. Blackstone has taken a very different approach. For non-personal use or to order multiple copies, please contact The European wager echoes one Blackstone has made in the US, where it struck a record $18.7bn deal to buy a swath of urban warehouses portfolio owned by Singapores GLP. "This debt relates to a small portion of the Sponda portfolio. WebBLACKSTONE EUROPEAN PROPERTY INCOME FUND (MASTER) FCP (LEI# 2221003VMKVL7LLZ3957) is a legal entity registered with LONDON STOCK EXCHANGE LEI LIMITED. Dr. Judy Brown travels across the globe with a prophetic word for the masses. Outside, Deliveroo drivers on bikes pull up near shuttered archways bearing small signs for chain restaurants. We are disappointed that the Servicer has not advanced our proposal," Blackstone said in an emailed statement on Thursday. "The company has incorporated a wholly owned subsidiary named Reliance SOU (RSOUL) to carry on, inter alia, the business of development of properties for commercial use," it said in a BSE filing. Blackstone European Property Income Fund is a buyout fund managed by The Blackstone Group. Blackstone's $71 billion unlisted real estate income trust (BREIT) has also been in hot water. Luxembourg: Blackstone European Property Income Fund Associates LP : Cayman Islands: Blackstone European Property Income Fund Associates Ltd. Cayman Islands: test, which makes it an ideal choice for Indians residing BX. develop their business skills and accelerate their career program. The company has now defaulted on a $562.5 million bond backed by a portfolio LGIM would not confirm where Kingland sits within its fund portfolio, saying only that its retail assets are found across a number of funds. Side-letter deals risk inflating the market, Guardians of the Arches has warned, as the contracted amounts are often different from the amounts being paid. Property values are dropping in Europe as rising interest rates put off buyers until a clearer picture about how far rates will rise emerges. After buying the building, Peter Ferraris firm fully let the space following a refurbishment and rebranding program in 2016. The bond, which was underwritten by Citigroup and Morgan Stanley, was originally secured against 63 mostly office buildings in Finland. The changing makeup of these portfolios is a signal to investors that the landscape in commercial real estate has irrevocably changed. Please review and accept these changes below to continue using the website.You can see our privacy policy & our cookie policy. According to Landsec, the sale to Blackstone European Property Income Fund will be completed before the end of the year. It formed a joint entity to buy and manage the arches with Telereal Trillium, which manages assets worth 8 billion. in KSA, UAE, Qatar, Kuwait, Oman and Bahrain. This is not as expensive as you may think, Ibrahim says. Retail real estate was given such a big allocation because it was considered the most secure investment, written on long leases and offering an investor ten or 25 years of secure income. Entrepreneurs like Dean are happy. On Wednesday, the BREIT said it was forced to limit withdrawals for the fourth straight month. The firm bought a portion of Facebooks Dublin campus towards the end of last year for 395m for its core-plus platform. Kingland had been in the works since 2018. Ive never owned a shop before in my life, says Hope Dean, who now runs a plant store in a shop that had been empty for six years on Kingland Crescent, an unloved shopping street near the train station in Poole, a seaside town on Englands south coast. It was compared in scale to Blackstones 2015 purchase of Stuyvesant Town, Manhattans biggest apartment complex, and aroused similar political scrutiny. Meg Hillier, the politician in charge of Britains Public Accounts Committee, called the deal a fire sale to plug a debt, and asked the U.K.s National Audit Office to look into it. The new fund will likely come with a minimum investment commitment of about 25,000 euros ($29,860), according to people with knowledge of the matter. In LGIMs shopping centers, hes transforming corridors into experiences in a bid to engage consumers as they drift between stores. Please call 0800 445522 if you require an up to date offer price for this fund. Were not saying the Dolphin Centre is doomed; were saying it requires careful, thoughtful, remedial activities to give it a long-term future, he says. Last week, Landsec said it had bought a 75% stake in MediaCity, the UKs biggest tech and media hub outside London, for $580 million, just two days after it announced the purchase of regeneration firm U+I for $260 million. Under the terms of the agreement, BlackRock acquired all of Sponda's outstanding shares and assumed control of the company's property portfolio. WebSenior Vice President at Macquarie Principal Finance Report this post Report Report Blackstone, with $649 billion under management, could weather a year without 80 million of rental income. The office has achieved an excellent BREEAM environmental and sustainability rating. Blackstone Real Estate Income Trust, a fund sold in increments as little as $2,500, has raised more than $50 billion since it started five years ago. The Arch Co. said these properties needed capital investment investment that required borrowing beyond the power of a public entity like Network Rail. by Andrea Zander Macquarie Capital Principal Finance, in partnership with Singaporean real estate fund Elite Partners Capital, has sold its first pan-European logistics portfolio, Elite Logistics Fund I, to Blackstone European Property Income Fund (BEPIF) for 520 million ($587 million). Perfect E learn helped me a lot and I would strongly recommend this to all.. Travel restrictions then hampered Blackstones sales efforts before the war in Ukraine unleashed a fresh wave of volatility. She has been in ministry over 30 years; and along with her husband is a Senior Pastor of New Genesis Christian Center, Inc. Brooklyn, NY. cookies 125000+ Industry Leaders read it everyday. WebBlackstone European Property Income Fund (Master) FCP: Street Address 1 Street Address 2; 11-13 BOULEVARD DE LA FOIRE: City State/Province/Country L-1528: 212-583-5000: 3. McWilliam initially cut his teeth in private equity and investment banking. In that case, the owner has to be good at producing what occupiers want and at filling gaps, says Bill Hughes, head of real assets at LGIM. Its still a massive risk to open a shop in the pandemic, she says. Blackstones European Property Income strategy, which allows eligible individual investors access to income-producing European real estate, has raised approximately 250m of capital in its first close. The SPDR Blackstone Senior Loan ETF (the Fund) seeks to provide current income consistent with the preservation of capital. Blackstone Inc. is a leading asset management giant and a prolific real estate investor. LGIM was tight-lipped on exactly how many retail assets it owns, including shopping malls, retail parks, and U.K. high streets, which are the equivalent of U.S. main streets. Blackstone Inc. is a leading asset management giant and a prolific real estate investor. S&P Report (Nov-2022) Rating Agency Reports. The purchase was part of BlackRock's plan to grow its ability to invest in real estate in Europe and to get a bigger share of the Nordic market. Blackstone Inc has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, BlackRock European Dynamic Fund Bid price as of Feb 27, 2023 GBP 2.80 Offer price as of Feb 27, 2023 GBP 2.81 Morningstar Rating We are currently experiencing technical difficulties with publishing our offer prices. For a full comparison of Standard and Premium Digital, click here. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Thats why so many small businesses are leaving.. Even so, half her family thought she was crazy. Toronto-Dominion Bank has agreed to pay $1.2 billion to settle allegations that it aided the scheme by banking Stanford Financial despite a flurry of suspicious activities. Enter McWilliam, a man from a family of surveyors his father and his wife are both in the trade. Blackstone acquired Sponda for almost 1.8 billion in 2018. Macquarie Capital Principal Finance (Macquarie Capital) in partnership with Singaporean real estate fund, Elite Partners Capital (Elite) have announced the sale of its first pan- European logistics portfolio, Elite Logistics Fund I to Blackstone European Property Income Fund (BEPIF) for 520 million. The Blackstone The well-heeled investors in the $69 billion Blackstone Real Estate Income Trust Inc. learned Thursday the fund will limit withdrawals as people seek to pull money from whats been a cash magnet for one of the largest owners of real estate globally. The $71bn Blackstone Real Estate Income Trust has become a barometer of the health of the commercial property market and a driver of asset and fee growth at We regret that the service provider did not move further with our proposal ". Blackstone's $71 billion unlisted real estate income trust (BREIT) has also been in hot water. (Bloomberg) -- Blackstone Inc. defaulted on a 531 million ($562 million) bond backed by a portfolio of Finnish offices and stores as rising interest rates hit European Theres going to have to be a reset, and thats never an easy experience. Johnston says investors will increasingly find themselves in a situation where the financial viability of the investment is linked to the success of the tenant and that investors will get ahead by using data creatively to figure out how to change the terms of their offer. 2023 proptech predictions | End of 'period of exuberance'? The default occurred as rising interest rates hit European property values. successful learners are eligible for higher studies and to attempt competitive You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. (Reuters) -Blackstone Inc has defaulted on a 531 million euro ($562.5 million) bond backed by a portfolio of offices and stores owned by Finnish company Sponda Oy, as rising interest rates hit European property values. It was a stark reminder that real estate as an asset class doesnt lend itself to quick, easy sales. Landlords are not deaf to the whole ESG agenda. Almost 30 million square feet of retail space permanently closed across the U.K. in 2020 alone. Fixed-rate financing includes How the biggest companies plan mass lay-offs, The benefits of revealing neurodiversity in the workplace, Tim Peake: I do not see us having a problem getting to Mars, Our ski trip made me question my life choices, Michelle Yeoh: Finally we are being seen, Apocalypse then: lessons from history in tackling climate shocks, How Glasgows tiny, muckraking crime mag stays afloat. The court of the adjudicating officer, or AO, issued the warrant on February 7 after hearing the complaints of the allottee, HRERA said in a official statement. When I called in June, she said journalists were calling every day to hear about the scheme. Erin Peyman, head of property at Weezy, says the company has been working together with The Arch Co., using its property location requirement list to look for its next fulfillment centers. The Blackstone European Property Income Fund (BEPIF) has acquired a EUR 520 mln pan-European logistics portfolio from Elite Logistics Fund I. Blackstone is buying the asset on behalf of Blackstone European Property Income Fund, a new perpetual life vehicle targeting the individual investor market. Leveraged Loan 100 Index (the Lab leak theory: 3 years on, will we ever know where COVID came from? But, our concern was whether she could join the universities of our preference in abroad. Most people want to expand on their business at home, not take on the risk of a whole shop. Youre going to have a more symbiotic partnership between landlords and tenants, he says.