Aberdeen fund still suffering net outflows of £2m per day
Aberdeen Asset Management has revealed that the firm is still seeing net outflows of about £2m a day from its Aberdeen UK Property Fund.
View ArticleSlim pickings in Soho
Investment opportunities for Shaftesbury around its West End estate have become scarcer since the EU referendum, chief executive Brian Bickell has said.
View ArticleWar of words breaks out over industrial trust’s refinancing
Industrial Multi Property Trust (IMPT) and its largest shareholder Alpha Real Trust (ART) have drawn swords ahead of a vote to determine the company’s future.
View ArticleResearch suggests stifled demand for big-ticket finance around Brexit vote
Demand for real estate debt finance is down 25% compared to the three-year average, according to research by Laxfield Capital.
View ArticleHuber-led Hines Europe prepares for uncertain market in 2017
Lars Huber has begun his role as the sole chief executive of Hines Europe following an active fourth quarter during which the firm carried out £2bn worth of property transactions.
View ArticleIgal has landed back in UK for £300m care home push
Israeli billionaire Igal Ahouvi is making a comeback in the UK real estate market with a £300m swoop on the care home sector.
View ArticleBorrowers more cautious in wake of EU referendum vote
It is not just lenders whose appetite for risk is waning in the wake of the EU referendum. Borrowers have also become a lot more circumspect, data on the commercial property debt market from Laxfield...
View ArticleChinese investment is still flowing despite restrictions
Chinese investment into UK property is showing little sign of slowing despite a tightening of restrictions on the outflow of capital from the country.
View ArticleSafestore chief exec bullish about self-storage firm’s prospects
Safestore chief executive Frederic Vecchioli has given an upbeat assessment of the company’s prospects after it posted strong profit growth in full-year results.
View ArticleOakNorth funds aparthotel development
OakNorth Bank has provided a £16m development loan to the Mason family, who are well-known property investors and advisers in Liverpool, for a new 202-bed aparthotel in the city.
View ArticleStudent housing firm secures £305m debt deal
Vero Group has rebranded as iQ Student Accommodation and secured a £305m debt facility arranged by Morgan Stanley with participation from RBC Real Estate Capital Partners.
View ArticleFirst Eskmuir fund’s AUM hits £50m with office deal
Eskmuir Properties has grown the assets under management of its first fund to £50m with the purchase of a multi-let office building in Watford for £7m.
View ArticleBrickVest targets rapid growth in 2017
BrickVest has set an ambitious target of investing £200m in commercial property deals through its online crowdfunding platform in the next nine to 12 months.
View ArticleRule change leaves residential developers facing higher bank funding costs
Changes to rules governing residential development lending by smaller banks are set to increase developers’ funding costs and could hamper housebuilding in the UK.
View ArticleWells Fargo shows faith in Paloma with £35m refinancing deal
Paloma Capital, the fund manager co-founded by Joe Froud and Jack Pitman in 2015, has struck a £35m refinancing deal with Wells Fargo.
View ArticleCanary Wharf Group chair warns on low interest rates
Canary Wharf Group’s chairman Sir Martin Jacomb has warned that ultra-low interest rates are damaging the economy and the prospects of future generations.
View ArticleLBS secures £135m development loan for London resi tower
LBS Properties has secured a £135m senior development loan from ICG-Longbow to fund the construction of The Madison residential tower near Canary Wharf.
View ArticleDelancey teams up with multi-family office to launch new firm
Delancey has joined forces with multi-family office Sandaire to launch a real estate investment advisory firm called Mount Kendal.
View ArticleHong Kong billionaire builds £390m stake in Shaftesbury
Hong Kong billionaire Samuel Tak Lee has established a substantial stake in Shaftesbury worth more than £390m after gradually buying up the company’s shares since the EU referendum.
View ArticleInvestec lends £30m for Meyer Homes’ Fulham development
Investec Structured Property Finance has provided a £30m development loan for a residential-led scheme on a former Tesco-owned site in Fulham in a show of confidence in the prime end of the London market.
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