Three fingers

Rockspring’s UK Value 2 fund holds third close

Rockspring Property Investment Managers has held the third close of its UK Value 2 fund, bringing total equity commitments to GBP150 million. »


Cayman Islands

JTC Group granted Cayman Islands licence

JTC Group has been granted a licence to provide the firm’s full suite of private client, corporate, fund and real estate services in the Cayman Islands.  »


Social media

UK finance industry welcomes Social Media Charter

Key figures from the UK’s financial industry have welcomed the launch of the Social Media Charter, which aims to ensure compliant use of social media. »


Money and calculator

CGI Merchant Group refinances entire office portfolio

CGI Merchant Group has refinanced its West Palm Beach property consisting of four Class A office buildings at a valuation significantly higher than the initial purchase price. »


European flags

Pan-European property fund performance at seven year high

Pan-European real estate fund returns were at their highest level since 2007 in the second quarter of 2014, reaching 3.2 per cent for the quarter, according to the IPD Pan-Europe Quarterly Property Fund Index. »


South East Asia

KKR strengthens Southeast Asia team with new hires

KKR has appointed Jaka Prasetya, former managing partner and founder of Leafgreen Capital Partners, as managing director to lead the firm’s Indonesia efforts as well as credit and special situations initiatives in Southeast Asia. »


Japanese Yen

Nippon Prologis REIT to issue new investment units

Japanese real estate investment trust Nippon Prologis REIT (NPR) is to issue new investment units. »


Handshake

Gables Residential adds Sang Park to lead asset management group

Gables Residential has hired Sang Park as vice president, asset management, responsible for overseeing asset management functions for the Gables portfolio. »


Ireland flag

Hibernia acquires riverside development site in Dublin’s South Docks for EUR17.75m

Hibernia REIT has exchanged contracts to acquire a 0.75 acre freehold site at 1-6 Sir John Rogerson’s Quay, Dublin 2 for EUR17.75m in an off-market transaction.  »


Euros

P3 acquires EUR523m Czech logistics portfolio

PointPark Properties (P3) is to buy 627,000 square metres of logistics warehouses and associated development land in the Czech Republic from two funds advised by Tristan Capital Partners and VGP for EUR523 million. »


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