REC staff

Derivatives contracts are pricing in a 5% total capital fall for 2009, while long-term pricing reflects fears of a slow recovery. CBRE-GFI market commentary As the physical market continues its rally, property derivatives have been remarkably stable over the past month, writes Michel Heller This highlights the fact that derivatives tend to price in expected […]

The derivatives market has already priced in the physical market’s rally and suggests capital value growth will slow down CBRE-GFI market commentary The derivative curve’s steady front end and falling back end reflect concern about UK property’s long-term growth prospects, writes Michel Heller. Derivative prices suggest that the physical market’s rally has been fully-priced in […]

Overseas buyers stepped up UK investment throughout 2009, while UK institutions returned to net property investment in Q4. UK investment jumped again in the last quarter of 2009, to £7.8bn, taking the total deals for the year to £22.3bn. A total of £13.6bn was transacted in the second half of the year, compared with £8.7bn […]

The joint CEOs of newly converted REIT Hansteen are having to widen their search and bide their time in their quest to invest a £500m war chest in industrial property bargains, writes Jane Roberts

With the launch of its first fund, Arbuthnot’s new fund management business aims to resolve the pricing and liquidity problems that have dogged open-ended property funds, writes Jane Roberts

Agency says outlook is good apart from some worries in Spain and Germany, writes Jane Roberts

Germany is the progenitor of the covered bond. Pfandbrief were established under Frederick the Great in 1769, originally as a means of giving estate owners access to credit. France followed with obligations foncières in 1852, while in Spain, cèdulas hipotecarias was introduced in 1981. The first UK covered bond was not issued until 2003 and […]

Bonds backed by balance-sheet loans have proved vital as a refinancing tool, writes Alex Catalano

Fresh loans and equity will help reposition malls behind defaulted CMBS, reports Jane Roberts

INREV study points to a move away from fees based on gross asset value, writes Jane Roberts