Business Park News
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Qatar Holding LLC, a unit of the Persian Gulf emirate’s sovereign-wealth fund, agreed to buy a 40 percent stake in Milan’s newly built Porta Nuova business district to expand its Italian real estate holdings.
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KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, formed a joint venture with Hines to develop a master-planned business park in Houston as it seeks to expand in real estate deals.
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Dubai appointed Saeb Eigner as the chairman of the Dubai Financial Services Authority, the regulator of the Dubai International Financial Center tax-free business park, to replace Abdullah Mohamed Saleh.
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Five men died and another man has been seriously injured after an explosion at a business park in Lincolnshire, eastern England, police said. The cause of the explosion, which occurred last night, isn’t yet known, Lincolnshire police said in a recorded telephone message.
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Move over, Milan, Indiana. Make room for Scott County, Kentucky.
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Blackstone Group LP , the world’s largest private-equity firm, agreed to buy a west London business park from Schroders Plc for 480 million pounds ($787 million).
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Meydan LLC , Dubai’s state-owned developer of the world’s biggest horse-racing complex, signed an agreement with a unit of China’s Guangsha Holding Venture Capital Group to build a business park in the emirate.
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KKR & Co., the buyout firm run by Henry Kravis and George Roberts, is preparing to market its first fund dedicated to real estate investments with an initial $500 million committed to the pool, according to two people with knowledge of the matter.
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Stroll through any Porsche dealership and you’ll experience lust and sticker shock. All those gorgeous new 911 Carreras, from shiny S models to enticing convertibles, tugging at your heartstrings and wallet.
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Ian Coull , the chief executive officer of Segro Plc , made two of the best-timed property transactions of the last three years: the sale of the company’s U.S. unit at the peak of the market and the purchase of its biggest U.K. rival at the bottom.
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