REC staff

INREV study finds investors suspect managers’ motives for fund extensions, reports Jane Roberts

Economic turbulence in equities markets also threatens property’s recovery, reports Lauren Parr

At a dinner this month I sat next to a fund manager whose expertise is UK property and he remarked that his next priority was to talk to his research colleagues about Japan. You may have already guessed what came next. He said he’d been thinking that it would be useful to find out what […]

Legal & General’s new commercial property lending business is looking at several potential transactions. The team is headed by Ashley Goldblatt and includes Steve Boyle and Graham Rouse, who joined in the summer from Aviva Commercial Property Finance. At his first press briefing in the role since moving from the fixed income division, Goldblatt said […]

German lender teams up to refinance mall and offices in French capital

A ninth UK pension fund has invested in the UK Ground Lease Fund managed by Pramerica Real Estate Investors. Together with extra capital from existing investors, the fund had taken in a further £98.3m by last month since Pramerica gained the mandate from UBS last year, taking equity committed since the fund’s launch in 2007 […]

Three of Capmark’s former European property finance team have joined hedge fund Chenavari over the summer. Andrew Haines, Sam Mellor and Duncan Elley will source real estate deals for Chenavari’s ABS Toro Fund. It is their third move since leaving Capmark: they worked on a potential mezzanine fund at Evans Randall before moving to boutique […]

Three UK CMBS loans above £150m are due to mature in the next six weeks, the largest of which is the Devonshire Square Estate loan in October, with an expected securitised balloon amount of £285.5m. Rockpoint, owner of the mainly-let City office complex, is topping up the income so that it will cover interest payments. […]

Standard & Poor’s finds German deals make up large slice of those not repaid at 2011 maturity

Andreas Quint will become head of Jones Lang LaSalle’s EMEA corporate finance division next January. Quint joined JLL in 2009 from Catella as chief executive officer for Germany. He has previously worked for accountancy firms Arthur Anderson and Ernst & Young. Frank Pörschke, chairman of the management board at Eurohypo until last month, will replace him […]