Hugh Stevens, head of Private Equity and Real Estate Services at BNP Paribas Securities Services

Coping with the demands of risk transparency

Today’s prevailing narrative is quite simple: heightened demands for a transparent view of investment risks are putting considerable pressure on private equity and real estate fund managers, and their service providers. »


James Williams, Hedgeweek

Luxembourg braces itself for increased PERE fund activity

According to figures released by ALFI at the end of July 2014, there were 3,891 funds with total assets of EUR2.90trn. By comparison, at the end of 2013 the size of Luxembourg’s fund industry was EUR2.61trn with 3,902 funds. During 2013 the number of sub-funds increased by 265 and there were 279 SICARs established. Between end-2012 and end-2013, the number of Specialised Investment Funds (SIFs) – Luxembourg’s most popular regulated fund vehicle – increased from 1,485 to 1,562. »


Sold sign

Rockwood Capital and Jamestown-led partnership closes on sale of 530 Fifth Avenue for USD595m

A partnership among Rockwood Capital, Jamestown, Crown Acquisitions and Murray Hill Properties has closed on the sale of 530 Fifth Avenue in New York to a partnership led by Thor Equities. »


Travelodge

L&G purchases Piccadilly Gardens Travelodge for GBP23m

Legal & General Property (LGP) has acquired 19/31 Piccadilly Gardens in Manchester for total consideration of GBP23,100,000 from Jolan Piccadilly Limited. »


Accounts

Prologis Q3 core FFO up 18 per cent year-on-year

Prologis has reported core funds from operations (FFO) per fully diluted share of USD0.48 for the third quarter of 2014 compared with USD0.41 for the same period in 2013, a year-over-year increase of 18 per cent. »


EU flag

Logistics occupiers in Europe will benefit from lowest cost inflation, says DTZ report

Occupier demand will grow steadily across all three regions, supported by strengthening trade, e-commerce, consumption and manufacturing, according to a report by DTZ Research. »


Care home

Aviv REIT acquires two skilled nursing facilities

Aviv REIT has acquired two skilled nursing facilities (SNF) in Dallas, Texas for USD28.5 million.   »


Warehouse

IDI Gazeley Espana to develop 23,000 sq m build to suit logistics warehouse

IDI Gazeley (Brookfield Logistics Properties) is to develop a new 23,000 square metre (247,500 square foot) logistics warehouse for multi-national retailer Carrefour in Torrejón de Ardoz (Madrid). »


Russia flag

RDIF to invest in development of new logistics facilities

The Russian Direct Investment Fund (RDIF) is to invest in the development of Class A logistics space in Russia as part of a joint venture. »


Handshake

Orangefield appoints Anna Coutts Donald as director in UK office

Orangefield, a provider of corporate and fund services, has appointed Anna Coutts Donald as director at its UK office.  »


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