REC staff

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

Several factors helped to pull off the first restructuring of a large, European CMBS loan this cycle: strong borrowers with a good asset management plan; some subordinated debt holders prepared to risk good money after bad; and others prepared to negotiate to cut their losses. Besides all this pragmatism, the servicer to Germany’s Opera 2 […]

Luckily for fund managers, unlike their banking cousins, their bonuses are not in the public spotlight. But that could change, if the EU’s Alternative Investment Fund Managers directive – so loathed by hedge funds and private equity GPs – survives in its current, second-draft form. The draft proposes that high-earning fund management staff must defer […]