Prologis to buy industrial properties from Blackstone for $3.1 billion
Prologis Inc (PLD.N) said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (BX.N), for $3.1 billion in an all-cash deal. The acquisition price represents about “4% cap rate in the first year and a 5.75% cap rate when adjusting to today’s market rents”, the warehouse-focused […]
Sweden fines Nasdaq $9.6 million over regulatory violations
Sweden’s financial supervisory authority has fined Nasdaq Stockholm (NDAQ.O), 100 million Swedish crowns ($9.59 million) for not complying with bourse rules at several occasions in recent years, the regulator said in a statement on Wednesday. “Investigations show that, in conjunction with … four company events, there have been deficiencies in how Nasdaq Stockholm has conducted its […]