REC staff

Liberty International is expected to complete its refinancing of Lakeside shopping centre as early as January. The regional shopping centre specialist said last month that it was “engaged in positive discussions with a number of lenders” about refinancing the Opera Lakeside CMBS deal. Sources believe the company has agreed seven-year bank financing rather than a […]

Duet and partner Forum seeded fund but institutions also contributed

PRUPIM has rebalanced one  of its funds through £100m of sub-sector swap trades with a single counterparty in the property derivatives market. PRUPIM has made a series of paired trades going short and long on different sectors with Royal Bank of Scotland as the counterparty. Will Robson, PRUPIM’s head of property derivatives, who worked on the […]

Central bank’s ABS repurchasing facility is made more expensive to use

Joint-venture partners will launch first new long/short property equities fund for two years and widen investor base of successful Iceberg vehicle Reech CBRE Alternative Real Estate is to dramatically expand its real estate hedge fund products at the start of 2010. Joint-venture partners CB Richard Ellis and Reech Alternative Investment Management will unveil the first […]