front cover special report on hedge fund regulation and UCITS 3

Alternative Ucits: valuable innovation or short-term fad?

 PRO   * Tried and tested structure with strong global brand * Regulation, transparency and liquidity meet investor concerns »


Regulatory upheavals prompt alternative Ucits boom

 There are questions about their suitability for retail investment, their ability to deliver long-term performance has yet to be proven, and Europe’s regulators could yet seek to rein in »

European parliament building

Critics question long-term appeal of ‘Newcits’ funds

 Even as the growth of ‘Newcits’ funds in the marketplace accelerates, concern has been growing about their limitations and potential dangers. »

D. M. (Rusty) Moore, Jr., Housing Recovery Fund of America

Housing Recovery Fund of America is formed

The Housing Recovery Fund of America has been formed to establish a real estate investment fund that invests in single and multifamily residential real estate across the US. »

Dr Gerd Leutner, CMS Hasche Sigle

CMS Hasche Sigle advises Accor on sale and leaseback of 48 hotels

The Accor Group and its subsidiary Accor Hotellerie Deutschland have sold 48 hotels in Germany, France and Belgium and leased them back again. »

Real estate fund

Just 24 per cent commit to private real estate fund in first half

Less than a quarter of private real estate fund investors made a commitment in the first half of 2010, research by Preqin shows. »

Sold sign

Broadstone Net Lease acquires two properties

Broadstone Net Lease has completed two acquisitions of triple net-leased properties for a combined purchase price of USD13.9m. »

Document signing

ING UK Real Estate Income Trust transfers Rugby Reit assets

ING UK Real Estate Income Trust has entered into intergroup transfer arrangements for Rugby Real Estate Investment Trust, whereby the Rugby Reit assets will be held within Guernsey domiciled companies in a more tax efficient manner. »

Mark Allan, chief executive of The Unite Group

Unite Group NAV per share up by eight per cent

The Unite Group, a UK developer and manager of student accommodation, has reported an increase in its adjusted fully diluted NAV per share of eight per cent to 286 pence for the first half of 2010. »


Anrev database reaches 46 per cent GAV coverage of Asian funds universe

The number of non-listed real estate funds captured by the Anrev Asian Vehicles Database reached 84 representing USD60bn gross asset value in the first six months of 2010. »

Upcoming events

2 days 11 hours from now - Amsterdam
3 days 11 hours from now - London
1 week 3 days from now - London
1 week 3 days from now - London
1 week 3 days from now - Cartegena

Upcoming training