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London

Prime London property prices storm ahead

Property prices are storming ahead in Prime London Central (PLC), according to statistics released by the HM Land Registry. House prices in the heart of the capital rose 13 per cent over the year to reach a new high of GBP1,379,142 – six times higher than England and Wales. »


Guernsey flag

Guernsey to co-operate with European securities regulators on cross-border supervision of AIFs

The European Securities and Markets Authority (ESMA) has approved the co-operation arrangements between the Guernsey Financial Services Commission (GFSC) and the EU securities regulators for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds.  »


Andrew Jones, chief executive of LondonMetric

LondonMetric profit up 105 per cent to GBP39.9m

UK real estate investment trust LondonMetric has reported a profit before tax and adjusted for exceptional items of GBP39.9m for the year ended 31 March 2013 – an increase of 105 per cent on the previous year’s profit of GBP19.5m. »


Geoff Cook, chief executive, Jersey Finance

ESMA approves Jersey AIFMD cooperation agreement

The European Securities and Markets Authority (ESMA) has approved a cooperation agreement with Jersey to ensure it can continue to deliver alternative investment funds business into Europe after the introduction of the EU Alternative Investment Fund Managers Directive (AIFMD) in July. »


Handshake

LaSalle names Tiziana Galassini COO and head of product development – client capital group

LaSalle Investment Management has appointed Tiziana Galassini as chief operating officer and head of product development – client capital group, reporting to Jon Zehner, global head of the client capital group. »


Netherlands flag

Valad Europe to manage Landmark Portfolio in the Netherlands

Valad Europe has been appointed by Tide Finance to manage the Landmark Portfolio in the Netherlands. »


Grocery bag

Urstadt Biddle Properties acquires two retail properties in Greenwich, Connecticut

Urstadt Biddle Properties has acquired two retail properties located on Putnam Avenue (US Route 1) in Greenwich, Connecticut for USD18m. »


Steven Maijoor, ESMA chair

ESMA promotes global supervisory co-operation on alternative funds



The European Securities and Markets Authority (ESMA) has approved co-operation arrangements between EU securities regulators, with responsibility for the supervision of alternative investment funds (AIFs), including hedge funds, private equity and real estate funds, and 34 of their global counterparts. »


Clouds

New Vernon Capital chooses Gravitas Private Cloud

New Vernon Capital will use Gravitas Private Cloud for several core systems.  »


Thumbs up

Non-listed real estate funds positive in Q1 2013

For the first time since Q2 2011, non-listed real estate funds delivered positive capital growth in Q1 2013 at 0.32 per cent, according to the INREV Q1 2013 Quarterly Index. »


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