Office

2022 - 5 - 9

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Image courtesy of "Reuters"

Hungarian official sacked from Orban's office on bribery allegations (Reuters)

Hungarian Prime Minister Viktor Orban's office has fired an employee and is co-operating with a related investigation into allegations of bribery, ...

That process could also freeze funds for Hungary over corruption risks. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

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Image courtesy of "Bloomberg"

Blackstone Opens Toronto Office in Canada Real Estate Expansion (Bloomberg)

Lin, former chief investment officer at Revera, “will help drive Blackstone Real Estate's Canadian footprint as it continues to invest across all asset classes, ...

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Image courtesy of "ZDNet"

Airbnb boss: The office is 'over', and here's why (ZDNet)

Tech giants are chasing the three-day week at the office, but Airbnb's chief reckons even this won't be sustainable.

"The solution is going to be a true hybrid, not three days in the office. Apple will also require staff to come to the office three days a week on Mondays, Tuesdays and Thursdays from May 23. Chesky told Time in an interview that " the office as we know it, is over."

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Image courtesy of "ZDNet"

Employees aren't rushing back to the office. But there's still a good ... (ZDNet)

According to an analysis of data by workspace booking platform Robin, US employees worked from the office an average of just 4.9 days per month in Q1 2022, with ...

"When businesses needed their people to go home and work their butts amid a pandemic, they did precisely that," the report said. This suggests that, when workers are choosing to go into the office to work, they are getting what they need out of their time there. Employees' use of the office is also on the rise – albeit at a gradual pace. Some financial firms, for example, have been monitoring office attendance by tracking how often employees swipe their building passes. Whatever your sentiments are on the remote work vs office debate, it appears as though workers aren't rushing to get back to their desks. The slow reopening of workplaces has proven divisive.

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Image courtesy of "PE Hub"

Blackstone Real Estate opens Toronto office (PE Hub)

The office will be led by Janice Lin, appointed by the firm as head of its real estate business in Canada. Lin was previously CIO of Revera, a retirement and ...

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Image courtesy of "The Globe and Mail"

Blackstone targets Canadian real estate, opens office in Toronto (The Globe and Mail)

Blackstone is expanding from significant investments in warehouses into new sectors such as commercial and residential properties.

Commercial real estate services firm Avison Young recently released a study that said “the relationship between real estate and inflation is much more nuanced than conventional wisdom would suggest.” Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Blackstone is bulking up as its institutional investor clients increase the amount of capital they earmark for real estate. Blackstone currently owns about 450 properties in Canada, valued at $14-billion. The bulk of its portfolio is focused on logistics, such as warehouses. “I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors,” said Ms. Lin in a press release. A number of its major competitors are Canadian, including Brookfield Asset Management Inc.

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Image courtesy of "Business Wire"

Blackstone Real Estate Expands Presence in Canada with New ... (Business Wire)

Blackstone (NYSE: BX) today announced that it is establishing a Blackstone Real Estate office in Toronto and the appointment of Janice Lin as head of.

Blackstone’s real estate business was founded in 1991 and has US $298 billion of investor capital under management. Blackstone is a global leader in real estate investing. I look forward to strengthening Blackstone’s strong presence in Canada and supporting businesses across a number of different sectors.” Blackstone’s Core+ business invests in substantially stabilized real estate assets globally, through both institutional strategies and strategies tailored for income-focused individual investors including Blackstone Real Estate Income Trust, Inc. (BREIT), a U.S. non-listed REIT, and Blackstone’s European yield-oriented strategy. Nadeem Meghji, Blackstone’s Head of Real Estate Americas, said, “We are excited to officially open a real estate office in Canada and welcome Janice to lead our real estate business in the country. Blackstone’s portfolio companies across the firm employ more than 3,550 people in Canada.

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