Ben Segelman, Valad Property Group

Valad promotes Ben Segelman to fund manager

Pan-European multi-let investment manager Valad Property Group has appointed Ben Segelman as fund manager, based in its London office.  »


Cement

Alpstar Capital buys cement plant in the Netherlands

Alpstar Capital, a European asset manager and investment adviser, has bought a company in the cement sector in the Netherlands and has completed a direct lending facility to an energy-related company in Spain. »


Commercial real estate

Real estate investment managers book more write-downs in 2009

Property indices in Europe and the US are reporting shrinking levels of depreciation in most markets, but for many real estate investment managers it is still a work in progress as they battle through the deleveraging process and continue to take write-downs on assets. »


George McKenzie, president and chief executive of Washington Reit

Washington Reit sells four assets to PS Business Parks for USD23.4m

Washington Real Estate Investment Trust has sold three office buildings and one industrial property in Rockville, Maryland to PS Business Parks for USD23.4m. »


Jos Short, executive chairman of Internos Real Investors

Internos counters fears of a double dip in European real estate

Despite the fear of an economic double dip, Europe continues to offer substantial opportunities for major investors where key country strategies and cycle-resistant sectors will play a crucial role, says Jos Short, executive chairman of Internos Real Investors.  »


Money scale

Misapplied leverage can amplify losses, IPD research shows

Leverage almost doubles negative performance in declining markets, according to research by IPD Japan.  »


Document and pen

Integrated Asset Services completes leadership transition

Integrated Asset Services, a provider of residential mortgage service solutions, has completed a planned transition of the company’s day-to-day management. »


Money and handshake

ProLogis closes two financings totalling EUR180m

ProLogis, a provider of distribution facilities, has completed two financings for ProLogis European Properties Fund II, expanding on one lending relationship and establishing a new one. »


Lease

Carlyle secures 11,700 square metre letting in Copenhagen

Private equity firm The Carlyle Group has let a further 11,700 square metres at its Skt. Petri Passage office development in central Copenhagen, Denmark, which means that the building is now 75 per cent let. »


Tax

Property fund to capitalise on buy-to-let/second home CGT panic sales

Managing Partners, the fund management company, is looking to capitalise on what it believes will be a growing number of “panic” buy-to-let and second home sales as owners look to beat the likely increase in capital gains tax. »


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