The UK’s private rented sector has become Europe’s top destination for overseas and domestic institutional fund managers, even though its hard-earned rewards are, for some, a triumph of hope over expectation.
When the pros and cons of mortgage REITs were last debated in the UK, in a 2012 Treasury review of REITs, the idea of an equity-based vehicle investing in property debt, but not the assets, was too much of a stretch for the policy wonks; they dumped their mortgage REITs file into the “too difficult” box.
With a politician’s impeccable timing, Narendra Modi, India’s pro-business, pro-foreign investment Prime Minister, celebrates his first year in office this month, during what appears to be something of a boom in the country’s market for real estate debt finance, much of it from overseas.
New Cushman & Wakefield figures reveal a surge in the number and value of Indian real estate private equity deals, but with a post-financial crisis focus on structured finance rather than riskier equity investment.
Nick Porter, founder of leading UK operator Unite and one of the founding fathers of UK student accommodation as an asset class, has made no secret of what he likes best about the sector: to build a business from scratch, establish a brand, then move on to the next challenge.
So there was little surprise when Porter sold his interest in his latest brand, Urbanest, in December, after presiding over its growth to 8,000 rooms in just six years.
RBS sued for pulling residential scheme funding
As one of the leading institutional backers of UK housing, Legal & General has been an enthusiastic investor in everything from housebuilding to student accommodation. Now, the insurer is steadily plugging one important gap in its portfolio: social housing. With little fanfare, over the past 18 months L&G has invested £500m in social and affordable […]
Refinancing sets up victim of Spanish crash to compete with new REITs, says Doug Morrison
Big new funds may replace councils’ old pension property strategy, writes Doug Morrison Fund managers with UK local authority pension scheme mandates are facing far-reaching changes to the way they do business, following government proposals to cut investment management costs. A major casualty of the proposed reforms is likely to be the fund-of-funds financial model, which […]
Commercial projects are yet to benefit from a surge in property lending, reports Doug Morris These are frustrating times for commercial developers. UK plc has taken its initial, tentative steps on the path to recovery and occupiers have shown signs of expansion for the first time in years… just at the point when some familiar […]