REC staff
CLS Holdings has agreed an innovative ‘conditional’ arrangement for hedging its latest loan facility. The quoted property firm replaced an expiring Eurohypo loan secured on Spring Gardens in Vauxhall, London, with a £78.5m, four-year RBS and Deutsche Postbank club facility. The offices are let on RPI leases to the Home Office for another 14 years. CLS […]
SEB becomes latest manager to call time on German open-ended fund SEB ImmoInvest is to be liquidated, forcing it to sell €6bn of assets over the next five years. The German open-ended fund received more claims for redemptions than the liquidity available when it re-opened on 7 May after being frozen for two years. The […]
Cerberus and Kennedy Wilson are among those to make the shortlist for latest big non-performing loan deal, as Lloyds offers €400m Irish portfolio
At a time of weak equity markets and ultra-low interest rates, high investor demand for dividend yield can be met by income flows from European listed property companies – particularly REITs. A key feature of real estate investments is their ability, if managed and structured correctly, to generate stable income returns. Since 1999, European property companies’ […]
UK market overview In February the Jones Lang LaSalle Balanced Fund Index fell for the first time since July 2009, a trend that continued in March, when the index fell -0.23%, writes Ashley Marks. In previous months the index was flat or showed a slight increase in performance. The index has risen 1.88% in the […]
This year has opened with a quieter first quarter in the UK and elsewhere for property investment. JLL reported subdued global volumes of $75bn, 23% down on Q1 2011. According to The Property Archive, Q1 2012 UK investment volumes were £7.53bn, 12.4% lower than the £8.6bn in Q1 2011 and 28.4% below the £10.52bn in […]
Fresh from winning the work-out of Uni-Invest’s assets, US private equity giant TPG is warming to European real estate and may be set to launch its first dedicated property fund, reports Lucy Scott
Government backs resi REITs rather than commercial property debt vehicles, writes Doug Morrison
Relaxation of conversion charge will allow variety of firms to become REITs, reports Alex Catalan
High swap breakage costs are preventing work-out of some legacy loans, writes Alex Catalano