REC staff

Deutsche Bank manages to sell first publicly marketed CMBS in nearly four years, but investors force concessions on controversial X notes

The formation of the Commercial Real Estate Finance Council’s CMBS 2.0 Committee reflects the industry’s wish to modernise in preparation for a return of CMBS new issuance in Europe. As a first step, January’s implementation of the Capital Requirements Directive (CRD) article 122a provided much-needed regulatory clarity to the securitisation market. The CRD goes some way […]

Real Estate Capital UK commentary Central London continues to outperform the rest of the UK, with CBRE’s April index showing offices produced 0.4% capital growth and 0.5% rental growth, against 0.1% and no increase respectively for all property. Investors are focusing on big UK REITs with heavy London exposure. Great Portland, British Land, Derwent London […]

UK market overview The Jones Lang LaSalle Balanced Fund Index rose 0.34% in April, compared with 0.30% in March, writes Julian Schiller. The index has risen 1.32% since the start of the year and 4.18% in the past 12 months. Taking into account secondary market pricing, the 12-month return falls to 1.18%, suggesting that the […]

Pricing for 2011 contracts rose 30bps in April, while IPD Q1 2011 figures showed capital values still growing, albeit more slow

Sir John Beckwith’s company is raising three funds, the latest being an indirect vehicle whose liquidity should appeal to defined contribution pension fund investors, reports Jane Roberts

New investors look set to double size of recently launched IPD-tracking fund, reports Jane Roberts

Futures beat swaps for some derivatives users, writes RBS senior derivatives trader Philip Ljubic

Non-bank users dominated derivatives trades to a record extent in Q1 2011, writes Jane Roberts