Document signing

Hibernia signs contract for completion of 213 apartments in Dundrum

Hibernia REIT has signed a contract with JJ Rhatigan & Company (JJR) for the fit-out and completion of Hibernia’s 213 partially-completed apartments in Block 3, Wyckham Point, Dundrum, Dublin 16.  »


Union Jack Pound

M&G Real Estate buys Aldgate office

M&G Real Estate has purchased a city office building for GBP36.7 million on behalf of the M&G Property Portfolio managed by Fiona Rowley and Justin Upton. »


New York

DeAWM acquires 222 Broadway in New York

Deutsche Asset & Wealth Management’s (DeAWM) real estate investment business has acquired 222 Broadway in New York City for one of its investment funds, in conjunction with L&L Holding Company. »


British pounds

LaSalle awarded GBP750m mandate from Greater Manchester Pension Fund

Real estate investment manager LaSalle Investment Management has won a GBP750 million mandate from the Greater Manchester Pension Fund, the largest local authority fund in the UK. »


Handshake

LREIT appoints Gary Benjaminson as chief financial officer and secretary

Lanesborough Real Estate Investment Trust (LREIT) has appointed Gary Benjaminson as chief financial officer and secretary, replacing Kenneth J Dando, effective 31 August.  »


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. »


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