Congressional negotiators selling a budget accord won Republican endorsements for the plan to ease automatic U.S. spending cuts for two years, remove the risk of a government shutdown and cut the deficit by $23 billion.
Castlelake LP, the investment firm formerly known as TPG Credit Management LP, is targeting $1 billion for its next fund that will purchase U.S. and European distressed assets, according to an investor presentation.
Capital & Counties Properties Plc, the London developer that owns most of Covent Garden, won approval to build 45 apartments in the district as well as shops and restaurants as property values in the city reach records.
Dexus Property Group and the Canada Pension Plan Investment Board raised their offer for the office fund controlled by Commonwealth Bank of Australia to A$3 billion ($2.7 billion), challenging GPT Group’s bid.
Tomkins Ltd., a London-based producer of auto parts and industrial products, is working with banks including Goldman Sachs Group Inc. on a sale or initial public offering, people with knowledge of the matter said.
Investors from Norway to Singapore are bypassing property funds and putting money into London commercial projects with developers, taking more risk in a bid to increase returns as the U.K. market recovers.