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UK Commercial Property Trust Limited releases interim management statement

Fri, 03/02/2012 - 17:00
UK Commercial Property Trust Limited (LSE: UKCM), the largest UK focused commercial property trust, has released its Interim Management Statement for the three months to 31 December 2011 and unaudited quarterly Net Asset Value (NAV) as at 31 December 2011. »

Joe Froud, Managing Partner of Columbus Capital Management,

Columbus Capital restructures Gracechurch Street head lease with the Fishmongers’ Company

Fri, 03/02/2012 - 16:45
Columbus Capital Management LLP (Columbus) has completed a GBP26 million restructuring of the head lease of Lombard House at 33 Gracechurch Street, London EC3 with the Fishmongers’ Company. »

William P Donohue, Jr, Managing Director, Grosvenor Fund Management

Grosvenor appoints Donohue as head of asset management, Kilroy to head separate accounts

Fri, 03/02/2012 - 16:00
Grosvenor Fund Management (GFM) has appointed William P Donohue, Jr to serve as Managing Director and Head of Asset Management in the Philadelphia, PA office. He will be responsible for US real estate assets managed by GFM, with a focus on GFM fund products. »

Thomas Lindstrom, Managing Director at Carlyle European Real Estate, Carlyle Group

arlyle Group acquires EUR337m Stockholm office and residential portfolio

Fri, 03/02/2012 - 14:00
Global alternative investment manager The Carlyle Group has acquired an office and residential led mixed use portfolio in the Nacka Strand area of central Stockholm for SEK2.95 billion (EUR337 million), from Vasakronan, Sweden’s national pension fund. Carlyle invested through its third European real estate fund CEREP III, which raised EUR2.2 billion of equity »

Andrew L Farkas, CEO, C-III Capital Partners

C-III Capital Partners acquires NAI Global

Fri, 03/02/2012 - 12:00
C-III Capital Partners LLC (C-III) has completed its previously announced acquisition of NAI Global. The transaction will help create a leading fully integrated commercial property services company that will operate in markets around the world.  »

Arthur de Haast, Lead Director of the International Capital Group at Jones Lang LaSalle

Investors more bullish on cross border transactions, says Jones Lang LaSalle

Fri, 03/02/2012 - 11:22
Jones Lang LaSalle’s Year End 2011 Global Capital Flows report shows there was USD410.6 billion of direct commercial investment in 2011, a 28 per cent increase over 2010.  »

Marcus Pallot, Partner, Carey Olsen

Carey Olsen succeeds in Battersea Power Station Group administration bid

Fri, 03/02/2012 - 11:18
Jersey’s Royal Court has agreed to request that four Jersey companies, which were the key borrowing entities involved in the planned redevelopment of the Battersea Power Station site, be put into administration by the High Court of England and Wales. »

Ivan Kaufman, Chairman and CEO, Arbor

Arbor promotes John Caulfield to COO

Fri, 03/02/2012 - 10:00
Following a year in which the company exhibited record agency loan origination volume, Arbor Commercial Mortgage, a national, direct commercial real estate lender, has promoted John Caulfield to Chief Operating Officer. »

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NYSE Euronext and Deutsche Borse terminate merger agreement

Fri, 03/02/2012 - 09:48
NYSE Euronext and Deutsche Borse have both agreed to a mutual termination of the business combination agreement originally signed by the companies on 15 February, 2011. »

Prakash Mehta, co-head of investment funds and private equity practice group worldwide, Akin Gump

Akin Gump to expand London funds practice with two partner hires

Fri, 03/02/2012 - 06:00
International law firm Akin Gump Strauss Hauer & Feld LLP is to add two partners to its London funds practice. Tim Pearce and Ian Meade will join the firm from Simmons & Simmons. »

Jan-Michiel Hessels, Chairman, NYSE Euronext

NYSE Euronext to focus on ’standalone strategy’

Thu, 02/02/2012 - 16:00
NYSE Euronext announced today that in light of the decision by the European Commission to prohibit its proposed combination with Deutsche Boerse, the companies are in discussions to terminate their merger agreement.  »

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Pure Industrial Real Estate Trust announces USD4.45 million acquisition

Thu, 02/02/2012 - 14:19
Pure Industrial Real Estate Trust (PIRET) has successfully completed the purchase of a single tenant, fully leased income producing industrial property for a total purchase price of USD4,450,000. »

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Scott's REIT secures 12 month IPO mortgage extension

Thu, 02/02/2012 - 13:52
Scott's REIT has secured a further one-year extension for its USD32 million IPO mortgage to 1 February, 2013. The extension has been granted using the same terms as the original loan; 4.9 per cent interest only, payable monthly, and the mortgage is open for payment at any time during the one-year extension period. »

Christopher Fry, fund manager at LaSalle Investment Management

LaSalle completes sale of Wey Retail Park, West Byfleet

Thu, 02/02/2012 - 11:53
LaSalle Investment Management has completed the sale of Wey Retail Park, West Byfleet, on behalf of a pension fund client. The sale to ING was agreed at a price of GBP12.85 million, representing a net initial yield of 5.93%. »

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Redefine places 12,750,000 ordinary shares

Thu, 02/02/2012 - 10:00
The Directors of Redefine International, the income-focused diversified property company, have announced that a total of 12,750,000 Ordinary Shares of 7.2 pence each have been placed with Redefine Properties International Limited (RIN) at a price of 37.0 pence per share – a 2% discount to the closing mid-price on 31 January 2012 of 37.75p – of which 939,000 Ordinary Shares have been sold out of treasury. »

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Bowtie Cinemas expands footprint in Richmond, VA

Thu, 02/02/2012 - 06:00
Richmond (VA) residents will soon be able to add dinner to their moviegoing experience at Bow Tie Cinemas’ Movieland located at Boulevard Square, 1301 Boulevard. Bow Tie Cinemas has expanded its footprint by acquiring a additional land adjacent to its existing Boulevard Square property. »

Peter Niven, Chief Executive, Guernsey Finance

Guernsey remains a MENA favourite

Wed, 01/02/2012 - 14:30
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry – explains why the jurisdiction continues to prove attractive to MENA managers… »

Justin O’Connor, Chief Executive Officer at Cordea Savills

Cordea Savills buys German real estate asset manager

Wed, 01/02/2012 - 13:56
Cordea Savills, the international real estate investment manager, has acquired International Property Asset Management GmbH (IPAM), a German real estate asset management company, for an undisclosed sum. »

Ed Nicoll, Chairman, GlobeOp

GlobeOp to be acquired by TPG for GBP508 million

Wed, 01/02/2012 - 13:30
Fund administrator GlobeOp is to be acquired by private equity firm TPG Capital in a deal worth around GBP508 million (USD800 million). »

Phillip Burns, CEO of CORESTATE,

CORESTATE announces final close of commercial properties fund

Wed, 01/02/2012 - 13:14
CORESTATE Group, a specialist private equity real estate investor based in Zug/Switzerland, with partner offices in Frankfurt, Essen, London, and Luxembourg, has held the final close of its German Commercial Properties Fund LP (CGC).   »

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