Property Funds World - Daily News http://www.propertyfundsworld.com/ en Summit Industrial Income REIT increases presence in Montreal industrial market http://www.propertyfundsworld.com/2016/06/24/240957/summit-industrial-income-reit-increases-presence-montreal-industrial-market <p><strong><em>Summit Industrial Income REIT is acquiring a 50 per cent interest in a 56,208 square foot light industrial property in the Greater Montreal Region.&nbsp;</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240957/summit-industrial-income-reit-increases-presence-montreal-industrial-market" target="_blank">read more</a></p> Acquisitions Fri, 24 Jun 2016 15:03:26 +0000 leahrenee09 240957 at http://www.propertyfundsworld.com Mitsubishi Estate London to partner L&G in Hammersmith office scheme http://www.propertyfundsworld.com/2016/06/24/240956/mitsubishi-estate-london-partner-lg-hammersmith-office-scheme <p><strong><em>Legal &amp; General Property, on behalf of its Managed Fund, has sold a 50 per cent stake to Mitsubishi Estate London, in its proposed 250,000 sq ft office scheme at 245 Hammersmith Road, W6. The project has a gross development value of GBP275 million.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240956/mitsubishi-estate-london-partner-lg-hammersmith-office-scheme" target="_blank">read more</a></p> Lettings & Sales Fri, 24 Jun 2016 15:02:20 +0000 leahrenee09 240956 at http://www.propertyfundsworld.com Melcor REIT CFO resigns http://www.propertyfundsworld.com/2016/06/24/240955/melcor-reit-cfo-resigns <p><strong><em>Jonathan Chia, Chief Financial Officer of Melcor Real Estate Investment Trust, has resigned effective 25 August, 2016.&nbsp;</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240955/melcor-reit-cfo-resigns" target="_blank">read more</a></p> Moves & Appointments Fri, 24 Jun 2016 15:01:11 +0000 leahrenee09 240955 at http://www.propertyfundsworld.com GreenOak Real Estate acquires Las Mercedes office complex in Madrid http://www.propertyfundsworld.com/2016/06/24/240954/greenoak-real-estate-acquires-las-mercedes-office-complex-madrid <p><em><strong>GreenOak Real Estate has completed the acquisition of the 78,500 square meters (845,000 square feet) office complex &lsquo;Las Mercedes&rsquo; from Standard Life Investments.</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240954/greenoak-real-estate-acquires-las-mercedes-office-complex-madrid" target="_blank">read more</a></p> Acquisitions Fri, 24 Jun 2016 15:00:06 +0000 leahrenee09 240954 at http://www.propertyfundsworld.com Brexit: Talk of Sterling freefall is overblown, but uncertainty now has no end date attached to it http://www.propertyfundsworld.com/2016/06/24/240949/talk-sterling-freefall-overblown-uncertainty-now-has-no-end-date-attached-it <p><em><strong>&ldquo;Amid the hyperbole and today&rsquo;s vertiginous fall, Sterling&rsquo;s one saving grace is that the Euro is likely to be hit almost as hard by a Brexit,&rdquo; says David Lamb, head of dealing at&nbsp;FEXCO Corporate Payments.</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240949/talk-sterling-freefall-overblown-uncertainty-now-has-no-end-date-attached-it" target="_blank">read more</a></p> Macro Fri, 24 Jun 2016 11:02:34 +0000 mkitchen 240949 at http://www.propertyfundsworld.com Griffin-American Healthcare REIT IV to acquire Rochester Hills Medical Office Building near Detroit http://www.propertyfundsworld.com/2016/06/24/240934/griffin-american-healthcare-reit-iv-acquire-rochester-hills-medical-office-buildin <p><em><strong>Griffin-American Healthcare REIT IV is to acquire Rochester Hills Medical Office Building, an approximately 30,000-square-foot medical office building in the Detroit suburb of Rochester Hills, Michigan, from an unaffiliated third party.&nbsp;</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240934/griffin-american-healthcare-reit-iv-acquire-rochester-hills-medical-office-buildin" target="_blank">read more</a></p> Acquisitions Fri, 24 Jun 2016 08:41:28 +0000 leahrenee09 240934 at http://www.propertyfundsworld.com Capview Partners expands Credit Facility http://www.propertyfundsworld.com/2016/06/24/240933/capview-partners-expands-credit-facility <p><strong><em>Capview Partners, a Dallas-based real estate investment and fund management firm, has amednde its USD150 million credit facility.&nbsp;</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240933/capview-partners-expands-credit-facility" target="_blank">read more</a></p> Deals and Transactions Fri, 24 Jun 2016 08:40:32 +0000 leahrenee09 240933 at http://www.propertyfundsworld.com Richard Stanard Joins Capital Square 1031 as CFO http://www.propertyfundsworld.com/2016/06/24/240932/richard-stanard-joins-capital-square-1031-cfo <p><strong><em>Capital Square 1031, a leading sponsor of replacement property for Section 1031 exchanges, announced today that Richard Stanard has joined the firm as chief financial officer (CFO).</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240932/richard-stanard-joins-capital-square-1031-cfo" target="_blank">read more</a></p> Moves & Appointments Fri, 24 Jun 2016 08:38:24 +0000 leahrenee09 240932 at http://www.propertyfundsworld.com Brexit: the impact on UK private equity and real estate landscape http://www.propertyfundsworld.com/2016/06/24/240927/brexit-impact-uk-private-equity-and-real-estate-landscape <p><em><strong>Brexit will have an effect on both the European and UK private equity and real estate landscapes, but it is only a number of issues facing managers, says David Bailey, Director of Marketing and Communications at private equity fund administrator Augentius.</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240927/brexit-impact-uk-private-equity-and-real-estate-landscape" target="_blank">read more</a></p> Private Equity Real Estate Fri, 24 Jun 2016 08:31:47 +0000 mkitchen 240927 at http://www.propertyfundsworld.com Irish Funds Annual Conference marks 25 years of investment funds industry in Ireland http://www.propertyfundsworld.com/2016/06/24/240926/irish-funds-annual-conference-marks-25-years-investment-funds-industry-ireland <p><strong><em>Irish Funds, the representative body for the cross-border investment funds industry in Ireland, kicked off its annual funds conference on Thursday, celebrating 25 years of the Association.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240926/irish-funds-annual-conference-marks-25-years-investment-funds-industry-ireland" target="_blank">read more</a></p> Funds Fri, 24 Jun 2016 08:31:10 +0000 leahrenee09 240926 at http://www.propertyfundsworld.com Leave win will cause Brexit bubble in London property market http://www.propertyfundsworld.com/2016/06/24/240919/leave-win-will-cause-brexit-bubble-london-property-market <p><strong><em>The vote to leave in yesterday&rsquo;s EU referendum will generate a short term &lsquo;brexit bubble&rsquo; and then a &lsquo;two-speed&rsquo; London property, according to Peter Wetherell, Chief Executive of Wetherall.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/24/240919/leave-win-will-cause-brexit-bubble-london-property-market" target="_blank">read more</a></p> Real Estate Fri, 24 Jun 2016 08:16:07 +0000 leahrenee09 240919 at http://www.propertyfundsworld.com Senior appointment strengthens Estera’s risk and compliance expertise http://www.propertyfundsworld.com/2016/06/23/240914/senior-appointment-strengthens-estera%E2%80%99s-risk-and-compliance-expertise <p><strong><em>Estera has bolstered its risk and compliance offering with the appointment of Risk and Compliance Director, Tui Iti who will be responsible for ensuring the company consistently adopts the highest global compliance standards across each of its international offices.&nbsp;</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240914/senior-appointment-strengthens-estera%E2%80%99s-risk-and-compliance-expertise" target="_blank">read more</a></p> Moves & Appointments Thu, 23 Jun 2016 15:14:27 +0000 leahrenee09 240914 at http://www.propertyfundsworld.com Qube Global Software appoints Marketing Director http://www.propertyfundsworld.com/2016/06/23/240913/qube-global-software-appoints-marketing-director <p><strong><em>James Lavery has been promoted to Marketing Director at Qube Global Software, overseeing the property software company&rsquo;s UK and global marketing activities.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240913/qube-global-software-appoints-marketing-director" target="_blank">read more</a></p> Moves & Appointments Thu, 23 Jun 2016 15:13:02 +0000 leahrenee09 240913 at http://www.propertyfundsworld.com Boutique property developer Banda makes GBP8m Brixton acquisition http://www.propertyfundsworld.com/2016/06/23/240912/boutique-property-developer-banda-makes-gbp8m-brixton-acquisition <p><em><strong>Banda Property, a design-led boutique developer, has purchased a site on Mandrell Road in Brixton, London for GBP8 million. &nbsp;</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240912/boutique-property-developer-banda-makes-gbp8m-brixton-acquisition" target="_blank">read more</a></p> Acquisitions Thu, 23 Jun 2016 15:12:07 +0000 leahrenee09 240912 at http://www.propertyfundsworld.com Private equity real estate lawyer Robert Porter joins Skadden in London http://www.propertyfundsworld.com/2016/06/23/240911/private-equity-real-estate-lawyer-robert-porter-joins-skadden-london <p><em><strong>Skadden, Arps, Slate, Meagher &amp; Flom has appointed private equity real estate lawyer Robert Porter Robert Porter as Of Counsel in the firm&rsquo;s London office.&nbsp;</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240911/private-equity-real-estate-lawyer-robert-porter-joins-skadden-london" target="_blank">read more</a></p> Moves & Appointments Thu, 23 Jun 2016 15:11:00 +0000 leahrenee09 240911 at http://www.propertyfundsworld.com Praxis acquires Longcross portfolio http://www.propertyfundsworld.com/2016/06/23/240908/praxis-acquires-longcross-portfolio <p><strong><em>Property investor Praxis has completed the purchase of the remaining assets in the Longcross Property Investment Fund in a deal worth GBP8.2 million, reflecting an 11 per cent net initial yield.&nbsp;</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240908/praxis-acquires-longcross-portfolio" target="_blank">read more</a></p> Acquisitions Thu, 23 Jun 2016 15:08:04 +0000 leahrenee09 240908 at http://www.propertyfundsworld.com Silver Bay Realty Trust Corp names Thomas Brock as CEO http://www.propertyfundsworld.com/2016/06/23/240896/silver-bay-realty-trust-corp-names-thomas-brock-ceo <p><em><strong>Silver Bay Realty Trust Corp&rsquo;s board of directors has appointed Thomas W Brock as President and Chief Executive Officer. Brock has served as Interim President and Chief Executive Officer of Silver Bay since 19 January, 2016, and joined the company&#39;s board in connection with its initial public offering in December 2012.</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240896/silver-bay-realty-trust-corp-names-thomas-brock-ceo" target="_blank">read more</a></p> Moves & Appointments Thu, 23 Jun 2016 09:49:58 +0000 leahrenee09 240896 at http://www.propertyfundsworld.com M&G Real Estate and intu plan GBP11m food and beverage development at Manchester Arndale http://www.propertyfundsworld.com/2016/06/23/240895/mg-real-estate-and-intu-plan-gbp11m-food-and-beverage-development-manchester-arnda <p><strong><em>M&amp;G Real Estate and intu today announce plans for an GBP11m redevelopment of Halle Square at Manchester Arndale. The 25,000 sq ft space will be rebranded as &ldquo;Halle Place&rdquo; and will deliver a new contemporary casual dining destination at the heart of one of the UK&rsquo;s busiest shopping centres.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240895/mg-real-estate-and-intu-plan-gbp11m-food-and-beverage-development-manchester-arnda" target="_blank">read more</a></p> Deals and Transactions Thu, 23 Jun 2016 09:49:01 +0000 leahrenee09 240895 at http://www.propertyfundsworld.com Verdant Leisure buys two premium parks in the North East http://www.propertyfundsworld.com/2016/06/23/240894/verdant-leisure-buys-two-premium-parks-north-east <p><strong><em>Palatine-backed Verdant Leisure has bought two premium leisure parks in County Durham for an undisclosed sum from Park Leisure Holiday Homes.</em></strong></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240894/verdant-leisure-buys-two-premium-parks-north-east" target="_blank">read more</a></p> Acquisitions Thu, 23 Jun 2016 09:47:53 +0000 leahrenee09 240894 at http://www.propertyfundsworld.com DTZ Investors acquires 80-86 St John’s Road, Clapham http://www.propertyfundsworld.com/2016/06/23/240885/dtz-investors-acquires-80-86-st-john%E2%80%99s-road-clapham <p><em><strong>DTZ Investors has completed on the off-market acquisition of 80-86 St John&rsquo;s Road, Clapham for GBP10,680,000 on behalf of Strathclyde Pension Fund.</strong></em></p> <p><a href="http://www.propertyfundsworld.com/2016/06/23/240885/dtz-investors-acquires-80-86-st-john%E2%80%99s-road-clapham" target="_blank">read more</a></p> Acquisitions Thu, 23 Jun 2016 09:38:05 +0000 leahrenee09 240885 at http://www.propertyfundsworld.com