All news

Duncan Owen, chief executive of Invista

Invista strengthens its industrial team

Invista Real Estate Investment Management, the largest listed real estate fund manager in the UK, has appointed Tom Gamble and George Dickens to its industrial team as director and associate director respectively.  »

William E. Sullivan, chief financial officer, ProLogis

ProLogis closes on two credit facilities for European property funds

ProLogis, a provider of distribution facilities, has closed on two unsecured credit facilities on behalf of ProLogis European Properties and ProLogis European Properties Fund II. »

Sold sign

LaSalle sells Poole property for GBP3m

LaSalle Investment Management has sold Fleets Lane Industrial Estate in Poole.  »

Henderson's retail unit in Maidenhead

Henderson acquires GBP6.6m retail unit in Maidenhead

Henderson Global Investors, on behalf of the GBP823m Henderson UK Property Unit Trust, has acquired a retail unit in Maidenhead.  »

Report and magnifying glass

London & Stamford publishes UK Reit proposals

London & Stamford Property has published a scheme circular to shareholders in relation to the election for UK real estate investment trust status. »

Real estate fund

Chartwell Reit appoints Sharon Sallows as director

Chartwell Seniors Housing Real Estate Investment Trust has appointed Sharon Sallows as a member of the board of directors of Chartwell Master Care. »

John Saunders, MGPA’s managing director, Asia funds

MGPA and Axa agree terms for Singapore office lease

MGPA, the private equity real estate investment advisory company, and financial services provider Axa have agreed terms for Axa to become the anchor tenant for 8 Shenton Way, Singapore. »

UK property

UK property market completes 12 months of positive growth, says IPD

The UK commercial property market has completed a full year of capital growth, with markets rising by 15.4 per cent since last August, according to July’s IPD UK Monthly Index. »

Shopping bags

TNP Strategic Retail Trust acquires San Jacinto Esplanade in California

TNP Strategic Retail Trust, a publicly registered non-traded Reit that invests in grocery and drug-store anchored retail properties, has acquired San Jacinto Esplanade in California. »

London Stock Exchange

Carey Olsen advises Raven Russia on move to official list

Lawyers from Carey Olsen’s corporate team have provided Guernsey legal advice to Raven Russia, a commercial property investment company, on its move from AIM to the London Stock Exchange’s main market. »

Shopping bags

Henderson’s European Outlet Mall Fund sees strong demand for equity raise

Henderson Global Investors’ EUR1.4bn European Outlet Mall Fund has seen strong demand for its latest equity raise. »

Map of Germany

LaSalle to launch German regulated investment company

In a bid to gain wider appeal among German, Austrian and Swiss investors, LaSalle Investment Management is planning to launch a Kapitalanlagegesellschaft für Immobilien-Spezialfonds, a regulated investment company under German law. »

Richard David, chief executive, Treasury China Trust

Treasury China Trust secures 82 per cent rental increase for Shanghai tenant

Treasury China Trust, which listed on the Singapore main board in June this year, has secured an eight year extension for Nina’s Sichuan Restaurant at Central Plaza, an office and retail tower located in Shanghai, at an 82 per cent increase over the previous rent. »

Irish flag

One quarter of Irish property income over-rented, says IPD

More than a quarter of Irish commercial property income is over-rented, research by IPD shows. »

Commercial property

CB Richard Ellis hires senior real estate professionals

CB Richard Ellis Group has hired several senior commercial real estate services professionals, mostly in production, since May 2010. »

Man with laptop

Carbon360 launches the Fund Administration Market

Research and consulting firm Carbon360 has launched the Fund Administration Market, a service designed to aid fund managers with the selection of fund administrators. »

Anthony Orso, executive managing director of Cantor Fitzgerald

Cantor Fitzgerald and CIM launch commercial real estate business

Cantor Fitzgerald and CIM Group have launched Cantor Commercial Real Estate, a real estate financing business that will originate underwritten fixed and floating rate mortgages and mezzanine loans secured by real estate assets, predominantly in urban communities in major US markets, and will engage in securitisations of these loans. »

UK property

Grainger completes GBP49.4m of residential sales

Grainger, the UK’s largest quoted residential property owner, completed a further GBP49.4m of residential sales during the four month period to 31 July 2010. »

Hotel

Chatham Lodging Trust secures USD85m senior credit facility

Chatham Lodging Trust, a hotel real estate investment trust, has signed a commitment letter with a group of lenders for a USD85m senior secured credit facility. »

Terry Roussel, Cornerstone’s founder

Cornerstone Core Properties Reit acquires USD1.3m industrial facility

The Cornerstone Core Properties Reit has acquired a 13,200 square foot freestanding industrial building situated on approximately one acre of land in a planned industrial area of Santa Ana, California. »