New managers struggle to raise money in 2015
New real estate fund managers are finding fundraising increasingly challenging as the number of funds from first-timers to reach a final close falls to a record low, research by Preqin has found.
View ArticleEdiston’s new REIT delivers on promises in first year
Ediston Property Investment Company (EPIC) is eyeing more deals and asset management opportunities after delivering growth in net asset value (NAV) per share of 8.6% in its maiden full-year results.
View ArticleAXA IM secures €400m to finance Tour First deal
AXA IM Real Assets has secured a highly competitive €400m (£304m) financing package for its acquisition of France’s tallest building, Tour First.
View ArticlePrologis shares soar as occupancy spikes
Prologis shares jumped more than 4% on Tuesday after the industrial specialist revealed strong profit growth and record occupancy levels in its full-year results.
View ArticleGlanmore’s REIT plan hangs in balance despite ‘yes’ vote
Investors in the Glanmore Property Fund have voted to become a REIT - but the plan hangs in the balance because many of them want to withdraw their cash.
View ArticleDixons Carphone reveals positives behind closures
Retail group Dixons Carphone used its Christmas trading update earlier this week to announce the findings of a strategic review of its property portfolio.
View ArticleCogress completes fastest fundraise to date for Fulham scheme
Cogress has completed its quickest-ever fundraise, drumming up £1.35m from its investors in 24 hours to help finance a new residential scheme in south-west London.
View ArticleReal estate debt markets embrace syndication deals
The popularity of syndication in real estate debt markets - where banks sell parts of loans they have originated - increased dramatically in 2015.
View ArticleChina’s PGC Capital reveals ambitious UK growth plans
After breaking ground on its first development in Birmingham last week, Chinese private equity firm PGC Capital is now embarking on an ambitious UK expansion strategy.
View ArticleHampshire Trust sets out to plug a gap in the commercial market
Hampshire Trust Bank has branched out beyond residential development finance to provide funding for commercial projects.
View ArticleHealthcare investors look to Ireland for better returns
Primary Health Properties (PHP) is looking to invest in the Republic of Ireland for the first time - hot on the heels of its rival MedicX Fund, which made its debut Irish acquisition last year.
View ArticleWellesley recruits two industry heavyweights
Peer-to-peer (P2P) property lender Wellesley has appointed former Ulster Bank board member Stephen Bell and former Shawbrook director Nick McAuliffe to key roles.
View ArticleHammerson boss votes yes to staying in EU
Hammerson’s chief executive David Atkins has said that he is in favour of the UK remaining in the EU - but that Brexit is unlikely to be as damaging for Hammerson as it could be for some other property...
View ArticleSilver lining in financial market turbulence for property borrowers
Swap rates in the UK have plummeted, giving real estate borrowers the chance to hedge against an interest rate hike at minimal cost.
View ArticleBumper payday for big propco bosses
The average pay of chief executives at the UK’s eight biggest listed property companies has almost doubled in five years, and the gap between the best- and worst-paid bosses has ballooned, new research...
View ArticleStudent housing float on AIM is delayed
The flotation of a new student housing company on the AIM stock exchange has been delayed after a turbulent spell in global equity markets.
View ArticleUnite sets ambitious targets
Unite Group is set to invest up to £700m on new student developments over the next four years and convert to a REIT next year.
View ArticleLaSalle backs Fusion project
LaSalle Residential Finance is backing a new 437-bed student housing scheme in Nottingham with a £26m whole loan.
View ArticleGlanmore to sell assets in ‘orderly wind-down’
The remaining £38.3m worth of real estate in the Glanmore Property Fund will be sold after a plan to list it on the AIM stock exchange and convert it to a REIT fell flat.
View ArticlePalmer fund goes for growth after relaunch
A fund raised by Palmer Capital in the depths of the recession in 2009 with investments from its own directors and senior figures at GVA Grimley, now Bilfinger GVA, has been relaunched as an open-ended...
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