Category: Trucking News

No Deal Is Too Large for Blackstone’s Real Estate Investors

(Bloomberg) -- Nothing -- not a trade war with China, not the prospect of a slowing global economy, not a run-up in asset prices -- can curb Blackstone Group Inc.’s appetite for property. And as one of the world’s largest real estate investors looks for more to buy, the sky’s the limit on size.“Anything is really possible,” Kathleen McCarthy, Blackstone’s co-head of real estate, said in an interview with Bloomberg Television. “There’s just less competition.”Blackstone Chief Executive Officer Steve Schwarzman has long preached the virtues of scale. In a market where real estate assets “feel fairly fully valued in a lot of places,” that’s an added advantage, McCarthy said. The New York-based firm can deploy more capital faster and with greater certainty in complex situations.Including two deals since June for a total of almost $25 billion, Blackstone has acquired a billion square feet of warehouse space in the past decade. McCarthy...

CEE MARKETS-Forint underperforms on surprise increase in inflation

Headline inflation picked up to 2.9% in October, while the central bank's key tax-adjusted inflation number also rose to 3.7% in October from 3.4% in September, data showed. Hungary's benchmark base rate is at 0.9% while the overnight deposit rate is at -0.05%. "This is one factor in the forint's weakness ... that we have the loosest monetary policy in the region," one dealer in Budapest said....

ESB  Nears Deal for Stake in EDF’s Scottish Wind Farm

(Bloomberg) -- Electricity Supply Board, the state-owned Irish utility, is in advanced talks to buy a stake in a Scottish offshore wind farm project owned by Electricite de France SA, people familiar with the matter said.A deal for a 50% holding in the Neart na Gaoithe development could be announced as soon as the next few weeks, the people said, asking not to be identified because the information is private.EDF bought the asset from Mainstream Renewable Power Ltd. last year for an undisclosed amount. At the time, EDF said it would open the project to other investors in due course. The 450-megawatt facility is set to cost about 1.8 billion pounds ($2.3 billion) to build and will supply enough electricity for 375,000 homes. It’s due to be commissioned in 2023, the French state-controlled utility has said.No final agreements have been reached, and talks could still be delayed or fall apart, the...