September 2013 Issue

UK market overview Over the summer, the overall picture has been one of an improving economy and increasing demand for indirect property exposure, writes Ashley Marks. This has caused an increase in bids from potential investors, with a material and positive impact on pricing across all sectors. Balanced funds Of all the types of funds, […]

Titlestone’s backer, US-listed Oaktree Capital Management, invests in European real estate either directly, via its global Oaktree Real Estate Opportunities Fund series – it recently began investing fund number six – or via its European Principal Fund vehicles. The third European principal investments fund, which funded Orr’s business, raised €3bn in 2011. The opportunistic company […]

Moore takes MEPC directorship Former M&G Real Estate chief Martin Moore is joining MEPC as a non-executive director. Moore is also an adviser to US private equity firm KKR and a non-executive for F&C Commercial Property Trust. MEPC manages 7m sq ft across seven UK business parks. Grosvenor’s Howard moves on Mervyn Howard is leaving […]

Private bank is seed investor for fund with €300m equity raising target

US rivals Avenue Capital and Greystar set to carve up £1bn of student accommodation assets previously run by collapsed UK operator Opal

French manager injects $600m into Forum products including new fund

Lloyds, Sareb, NAMA and RBS are among the lenders marketing nine big asset and loan packages

SPANISH DEBT SALES Bad bank to step up sales with Corona, Teide and Abacus deals, write Lauren Parr and Jane Roberts

OPPORTUNITIES IN GERMANY Domestic funds put up fierce competition as foreign players flock to Germany, writes Jane Roberts

OPPORTUNITIES IN GERMANY Private equity firm adds Monsoon and Phoenix portfolios to its German haul, reports Lauren Parr

COMMENT writes Jane Roberts

OPPORTUNITIES IN GERMANY Sector offers rising share prices and solid, if unspectacular returns, writes Virginia Blackburn

OPPORTUNITIES IN GERMANY Thaw in source of lenders’ funding spurs return of low-cost property debt, reports Jane Roberts

OPPORTUNITIES IN GERMANY Lloyds and RBS plan more sales, but German banks have little incentive to sell, reports Lauren Parr

STUDENT HOUSING Collapsed UK operator’s problems are not symptomatic of wider malaise, reports Doug Morrison

OPPORTUNITIES IN GERMANY Calls for tighter rent controls on multi-family housing threaten value growth, writes Alex Catalano

Asset manager targets shorter loan terms than other insurance lenders

TITLESTONE In the third in our series on specialist lenders, Doug Morrison profiles a start-up operation on a quest to offer resi developers a blend of senior and mezzanine debt, with help from its US backer

VIEWPOINT Dan Boakes

Deal boosts quality of assets for UK investor with a focus on Germany

Bank beefs up regional team as other lenders make raft of appointments

Additional lenders help refinance assets in Henderson Outlet Mall Fund