Jack Sidders
jacksidders.bsky.social
Jack Sidders
@jacksidders.bsky.social
Investing news for Bloomberg in London. Real estate, hedge funds, private equity, asset management, insurance
Reposted by Jack Sidders
Groping, racism, drunk-driving: Inside allegations against leading London property broker Foxtons

Read the Big Take ⤵️
Foxtons Staff Faced Groping and Slurs at London Property Broker
Foxtons is often seen as an entry point for aspiring real estate agents. Junior employees described unwanted touching, drunk-driving — and senior staff who either ignored inappropriate behavior or wer...
www.bloomberg.com
February 25, 2025 at 4:06 PM
Reposted by Jack Sidders
Creditors of Stenn - the Wall-Street backed trade-finance firm - are staring at potential losses of ~$200 million after two of its subsidiaries collapsed last month. Story via @bloomberg.com

www.bloomberg.com/news/articles/2025-01-30/creditors-of-wall-street-backed-stenn-face-near-200-million-hit
Creditors of Wall Street-Backed Stenn Face Near-$200 Million Hit
Creditors of Stenn Technologies, the trade-finance firm backed by some of the world’s biggest banks and investors, are facing a potential shortfall of almost $200 million in the wake of its collapse l...
www.bloomberg.com
January 30, 2025 at 2:14 PM
www.bloomberg.com/news/article...

The world's biggest real estate investor appears to be calling the bottom on New York's beleaguered office market.

Blackstone is in talks to buy 1345 Avenue of the Americas, a vast Midtown office tower
Blackstone Set for New York Office Comeback with Midtown Tower
Blackstone Inc. is nearing an agreement to purchase a Midtown Manhattan tower, which would mark a return to New York office dealmaking for the world’s biggest real estate investor.
www.bloomberg.com
January 30, 2025 at 11:22 AM
www.bloomberg.com/news/article...
JPMorgan is in talks to rent the former Credit Suisse HQ in Canary Wharf after outgrowing its own base, a fact that won't be helped by its soon to be implemented 5-day a week office mandate
JPMorgan in Talks to Rent Credit Suisse’s Former Canary Wharf HQ
JPMorgan Chase & Co. is in negotiations to lease space at the Canary Wharf office that once housed Credit Suisse’s UK headquarters.
www.bloomberg.com
January 28, 2025 at 11:25 AM
Reposted by Jack Sidders
Here’s my experience of *yet another* terrible rental situation, this time with Grainger plc

We, four friends, are living in a building site

With no prior notice, scaffolding went up a week into our tenancy in August – we’ve since suffered major disruption. This was it at its worst 🧵👇
January 20, 2025 at 4:15 PM
Reposted by Jack Sidders
UK market turbulence pushes mortgage costs to 5-month high bloomberg.com/news/article... via @jacksidders.bsky.social
January 19, 2025 at 8:53 AM
Reposted by Jack Sidders
“What’s going on in the real estate market is disgusting."

www.bloomberg.com/news/article...
LA Rental Hits $40,000 a Month as Fires Worsen Housing Squeeze
Los Angeles already had a housing affordability crisis before devastating wildfires burned entire neighborhoods to the ground. The disaster is making it worse.
www.bloomberg.com
January 14, 2025 at 9:30 PM
Reposted by Jack Sidders
Starmer won’t be drawn into row over Spain’s 100% home tax plan www.bloomberg.com/news/article... via @lucygjwhite.bsky.social @jacksidders.bsky.social @pronouncedalva.bsky.social
January 14, 2025 at 7:50 PM
Reposted by Jack Sidders
How did Stenn - a UK trade-finance darling backed by Wall Street giants that was valued at $900m just two years ago- collapse few days? Here is our attempt to explain via @bloomberg.com.

www.bloomberg.com/news/articles/2025-01-09/how-fintech-stenn-went-from-trade-darling-to-insolvency-in-days
UK Trade Darling Stenn Went from $900 Million to Insolvency in Days
British financing firm that was backed by Barclays, Citi, Centerbridge and Natixis imploded last month.
www.bloomberg.com
January 9, 2025 at 10:01 AM
Reposted by Jack Sidders
Private equity firms have become enamored with insurance and the stable money it provides for credit bets. Todd Boehly is taking it a step further with
Security Benefit, investing in loans... to his own firms.
December 20, 2024 at 5:52 PM