September 2013 Issue


    Month: September
    Year: 2013

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    Indirect investment market: Jones Lang LaSalle market commentary

    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, […]

    US backer sees UK residential as land of opportunities

    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 […]

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    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 […]

    Caerus mezz vehicle gets a kick-start from Swiss bank

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

    US groups on course to nab Opal student housing assets

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

    La Francaise backs Forum’s European debt fund launch

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

    Wave of bank portfolios hits the market

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

    Sareb starts to address pain in Spain with €1bn disposals

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

    Deal-hungry Cerberus tracks down fresh prey in Germany

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

    Foreign buyers face might of Germany’s great institutions

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

    Money finds safe, no-thrills home in German listed resi

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

    Germany’s lenders get back into property debt at home

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

    Domestic banks play it cool as loan sales market hots up

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

    Opal’s failure lets US players claim UK university places

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

    Investors give no confidence vote to new rent cap policies

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

    Standard Life set to take on banks in senior debt territory

    Asset manager targets shorter loan terms than other insurance lenders

    Oaktree starts from seed to grow stretched senior lender

    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

    UK firm’s three German mall buys help Redefine portfolio

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

    RBS recruits Goodbody for regional lending campaign

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

    MetLife and Santander join Bayern LB’s Mall refinancing

    Additional lenders help refinance assets in Henderson Outlet Mall Fund
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