Hansteen has been very busy during the first part of the year, continuing the high level of activity in 2010. The Group enhanced its financial strength during the period with a Placing and Open Offer to take advantage of the market’s weakness; sold two properties for a total of GBP2.6 million; reduced voids and increased the rent roll.
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High yielding Real Estate Investment Trusts (REITs) have been a popular investment since the low interest rate environment set in two years ago. Several REITs earn their money on the spread between low-interest short-term borrowing and purchasing high-interest long-term securities, making the present economic climate highly lucrative for REITs.
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Alchemy Japan’s Japanese Leisure Hotels reported Q1 2011 results producing EBITDA of JPY146 million, a 13% improvement on the previous year, from a Net Operating Income of JPY211 million being a 7% growth on net income for Q1 2010. Sales grew to JPY497 million, a 6% increase on Q1 2010. Revenue growth was led by a 12% increase in customer numbers as Q1 2011 average Occupancy Rate (OCR) reached 260%.
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The European real estate investment fund, Orion European Real Estate Fund III sponsored by Orion Capital Managers, LLP (‘Orion’), has acquired 50% of the Shopping and Leisure Centre, Puerto Venecia in Zaragoza, Spain.
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CB Richard Ellis Investors' (CBRE Investors) newly launched defined contribution (DC) property fund (CB Richard Ellis UK Property Fund) is now available on Fidelity International’s UK platform.
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KSB Capital Group has selected Advent Software's asset management solution, offered by Advent’s premier local partner, SISCOM, to deliver portfolio, client relationship, trade and fund order management.
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Behringer Harvard has sold Waterford Place, a 390-unit multifamily community at 4800 Tassajara Road in Dublin, California approximately 35 miles east of San Francisco. The buyer is an institutional investor.
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Rental growth and income return in the Midtown office market was the strongest amongst the London offices, according to the Farebrother IPD Midtown Investment Report. Rents saw an increase of 7.1% over 2010, outperforming both City and West End offices, at 6.6% and 5.2% respectively, and were well above the all UK office average of 1.5%.
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OSCRE, the Open Standards Consortium for Real Estate, and The Building Owners and Managers Association International (BOMA), have signed a memorandum of understanding with the common goal of advancing the interoperability among information systems that exchange real estate related information.
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Capital growth slowed in April to 0.1%, according to the IPD UK Monthly Index. The slowing capital appreciation was driven by a 30 basis point fall in Retail sector growth, to just 0.1%, along with a deceleration in Industrials which saw values flat-line. Office value growth declined slightly to 0.2% as Central London Office growth slowed and values outside of London continued to see a decline.
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Gina Germano (pictured), managing partner and head of sub-investment grade at Goldbridge Capital Partners, which launched its first funds this summer...
A look at the options available to managers re-examining their current home jurisdiction in the light of the changes that have swept the alternative investment management industry over the past three years
