All news

Capita to administer CBRE’s UK property fund

Fri, 12/03/2010 - 12:07
Capita Financial Group has been appointed to provide third-party administration, including fund accounting and transfer agency services, for the UK’s first daily dealing property authorised investment fund by property management firm CB Richard Ellis Investors. »

Pennsylvania Reit closes USD670m secured credit facility agreement

Fri, 12/03/2010 - 10:53
Pennsylvania Real Estate Investment Trust has closed on a secured credit facility with USD520m of term loans and a USD150m revolving line of credit with its bank group, led by Wells Fargo Bank. »

Continental European property set for a better year in 2010

Fri, 12/03/2010 - 07:02
Continental European property appears set to benefit from more stable economic conditions, subdued development activity and attractive relative pricing in 2010, a report by Invista Real Estate Investment Management says. »

Fund professionals see further growth in Channel Islands business

Fri, 12/03/2010 - 07:00
Recent indications of growth in the Channel Islands funds sector are rooted in alternative investments, bespoke closed-ended funds and confidence in the islands as reliable jurisdictions, say practitioners – and there are signs that further expansion is in prospect. »

German prime rents to increase across all sectors

Fri, 12/03/2010 - 06:05
Aberdeen Property Investors is forecasting an increase in prime rents across all sectors in Germany for the period 2011-2014, ranging from 1.5 per cent to 2.7 per cent per annum. »

BPO Properties modifies Canadian office Reit conversion proposal

Thu, 11/03/2010 - 16:12
Brookfield Properties will be shortly mailing its information circular to shareholders containing some modifications to the previously announced proposal to create a Canadian office real estate investment trust, to be named Brookfield Office Properties Canada. »

South Korea's Hana Financial adds real estate trust unit

Thu, 11/03/2010 - 15:00
Hana Financial Group has added a real estate investment trust affiliate to make inroads into the market for real estate management. »

Dolphin Capital Investors NAV down 4.7 per cent in Q4

Thu, 11/03/2010 - 14:29
Dolphin Capital Investors’ net asset value before deferred income tax liabilities was EUR1.343bn at 31 December 2009, representing a decrease of EUR67m or 4.7 per cent from 30 September 2009. »

Saxo Bank launches property investment products

Thu, 11/03/2010 - 13:49
Saxo Bank, the online trading and investment firm, will now offer property investment products for both private clients and institutional investors through a new company, Saxo Properties. »

JCR holds first closing of commercial real estate fund

Thu, 11/03/2010 - 13:01
JCR Capital, a Denver-based commercial real estate finance company, has held the first closing of the JCR Capital Distressed & Opportunistic Real Estate Fund I. »

F&C Reit portfolios outperform IPD index

Thu, 11/03/2010 - 12:16
F&C Reit Asset Management, the property asset management group created in September 2008, says the aggregate of its property portfolios outperformed the Investment Property Databank database in 2009. »

Wells Reit II acquires Sterling Commerce Centre, Ohio

Thu, 11/03/2010 - 11:12
Wells Real Estate Investment Trust II, an office Reit, has acquired the headquarters of AT&T subsidiary Sterling Commerce in suburban Columbus, Ohio. »

Phoenix appoints managing director, national acquisitions

Thu, 11/03/2010 - 10:37
Phoenix Realty Group, a real estate investment manager, has appointed Edward J. Ratinoff as managing director, national acquisitions. »

Herald acquires retail warehouse park in Germany for EUR30m

Thu, 11/03/2010 - 06:47
Henderson Global Investors’ EUR900m pan-European retail property fund Herald has acquired the Real Hypermarket & Gallery, a retail warehouse park in Giessen, Germany, for approximately EUR30m from the Metro Group, reflecting a yield of around eight per cent. »

CBRE Investors launches defined contribution fund

Thu, 11/03/2010 - 06:06
CB Richard Ellis Investors, the real estate investment management firm, has launched a UK direct property fund for defined contribution pension investors. »

Fund return spread is record-matching 24pp, delegates told

Wed, 10/03/2010 - 16:07
The velocity of fund performance coming into and ending 2009 delivered a record-matching 24 percentage points spread in fund returns, delegates at the IPD UK 2009 Benchmark Launch were told yesterday morning.  »

AMB Property leases 142,000 sq ft in London development project

Wed, 10/03/2010 - 14:17
AMB Property, an owner, operator and developer of industrial real estate, has leased approximately 142,000 square feet in its AMB East London Distribution Park. »

Appleby appoints five partners

Wed, 10/03/2010 - 12:01
Appleby, a provider of offshore legal, fiduciary and administration services, has appointed five partners. »

Terrace Hill makes adjusted pre-tax profit of GBP2.6m

Wed, 10/03/2010 - 11:08
Terrace Hill Group, a UK property development and investment group, made an adjusted pre-tax profit before property provisions of GBP2.6m for the year to 31 October 2009, up from GBP1m the previous year. »

Cordea Savills adds Helen Soult to Charities Property Fund

Wed, 10/03/2010 - 06:05
Property fund manager Cordea Savills has appointed Helen Soult as assistant portfolio manager for the Charities Property Fund. »