July/August 2013 Issue
Indirect investment market: Jones Lang LaSalle market commentary
UK market overview The Jones Lang LaSalle Balanced Fund Index continued its unremarkable progress in June, writes Ashley Marks, rising 0.17%, compared to a 0.11% rise in May and taking the 12- month return to -2.73%. This improves to -2.41% including secondary market pricing. Balanced funds There were modest pricing improvements in June, driven by […]
Investor pricing survey: Bullish sentiment on capital growth boosts return expectations
Respondents to the latest four-monthly Colliers International and Real Estate Capital Investor Pricing Survey were more optimistic about capital growth and total returns than in the last survey, in March. Total return expectations for 2013 jumped from 5.3% to 6.25% and investors expected capital growth in all sub-sectors apart from shops. Further improvement is expected […]
DC pension scheme hands L&G task of building NEST
L&G beats rivals to mandate to run scheme’s 20% property allocation
Banks provide NPL feast for hungry private equity players
DISTRESSED DEBT INVESTING US investors are circling as banks prepare next round of distressed loan sales, writes Lauren Parr
Irish 2013 deal boom soon to top €1bn
Foreign buyers of distressed assets help push 2013 first-half turnover to above full-year 2012 total
Cordea Savills joins the hunt for long-lease assets
Cordea Savills is the latest fund manager to respond to the continued demand from pension funds for long-leased, inflation-linked assets.
Internos grows via German buy and LSR liquidation deal
Manager buys German firm and wins mandate to wind up UK retail REIT
Deutsche Annington rejigs debt for a GRAND pay-off
German residential giant uses unsecured debt to help pay off CMBS
Size and street cred count in landing loan-on-loan finance
DISTRESSED DEBT INVESTING Banks favour big, established clients when funding distressed debt deals, reports Alex Catalano
Hunting down bargains is no big deal for Albulus
DISTRESSED DEBT INVESTING The German manager avoids scramble for big-ticket deals to hunt out lower-profile distressed loans, reports Jane Roberts
Cardano sifts capital stack for distressed investment gems
DISTRESSED DEBT INVESTING Pension fund consultant targets range of non-performing loans and CMBS, reports Jane Roberts
Pressure to deleverage keeps loan pipeline flowing in 2013
DISTRESSED DEBT INVESTING Loan sales in 2013 are set to top 2012’s €21.9bn, writes Cushman & Wakefield’s Federico Montero
LaSalle’s debt strategy starts to develop via APG team-up
Dutch investor backs LIM's £238m student and London housing debt fund, writes Jane Roberts
Regions are back on the map as lenders look beyond M25
RESI FUNDING Conference reports lender interest in funding regional resi development, writes Doug Morrison
CarVal arrives via Pittsburgh in Europe’s big NPL league
DISTRESSED DEBT INVESTING Lloyds portfolio deal accelerates US investor’s European debt buying strategy, writes Lauren Parr
Fourth Resolution fund picks East End store for first buy
Former department store is first investment for fund with £650m target
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