REC staff
Real Estate Capital UK commentary UK all-property company relative returns were just positive in January, at 0.4%. However, over the past 12 months, returns remain poor, at -8.4%. The total return for property shares over the year to the end of January was 8.75%, compared to an 18.7% return for the UK equity market. There was […]
UK market overview The Jones Lang LaSalle Balanced Fund Index started 2011 in a similar fashion to the end of last year, with a modest gain of just 0.22%, compared to 0.33% in December, writes Julian Schiller. Average secondary market pricing for balanced funds improved from -1.00% in December 2010 to -0.21%. Taking into account […]
Recent evidence suggests banks in the UK are already offloading property, reports Jane Roberts
European direct investment volumes in 2010 rebounded to €102bn, up 40% on 2009, according to Jones Lang LaSalle. CB Richard Ellis puts the final figure slightly higher, at €110bn in 2010, up from €73bn in 2009. DTZ’s overall figures are close but slightly lower and show a bigger, 53% jump, from €62bn in 2009 to […]
Private equity investor Corestate Capital has raised another €40m of equity from one investor for its German commercial fund. The fund buys office and retail assets with value-added potential and gears relatively highly, at a 60-65% loan-to-value ratio, and targets 12-15% returns. Corestate said the equity adds around €120m of extra investment capacity, taking firepower to […]
Recent investments in China, the Philippines and Australia, plus a big chunk of UK retail, mean APG’s client ABP is on target to up its property exposure by around €2bn, reports Lauren Parr
An improved offer will be required for managers to win back investors that have lost faith in funds
ULI report respondents see more opportunities ahead to buy secondary assets, writes Lauren Parr
Investment rose in 2010 as equity buyers sought core assets. Is this the future? asks Jane Roberts
A CMBS recovery is widely expected this year; the question is, in what form? Lauren Parr reports