Category Archives: Fund Management

German open-ended funds must complete €10bn property sell-off by 2017

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German open-ended funds (GOEFs), which collectively own €82bn of property assets worldwide, must sell almost €10bn of European commercial property before the end of 2017, driven by the financial crisis which has forced 18 funds to liquidate. On the basis … Continue reading

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Secure Income REIT posts gearing-driven 50% NAV jump and considers early refinancing

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Secure Income REIT, the newly-incorporated property company managed by Prestbury Investments, reported an eye-watering 50% increase in net asset value (NAV) over seven months to the end of 2014, amplified by the high balance sheet leveraging amid a rising market. … Continue reading

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Intu Properties to sell UK mall equity stakes and raise development finance to fund £1.9bn development programme

Intu Properties plans to sell further equity stakes in its existing built UK shopping centre portfolio as well as seek a partner for its Spanish shopping centre in Zaragoza, in a three-part strategy to fund the REIT’s ambitious £1.9bn development … Continue reading

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Moorfield Group closes third fund with up to £500m in equity capital commitments

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Moorfield Group has successfully completed its final close for Moorfield Real Estate Fund III (MREFIII) having raised up to £500m in equity capital across three tranches. The equity capital total is comprised of £250m of discretionary equity capital; a second … Continue reading

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Valad Europe appoints director Simon Marriott to replace Rob Howe as UK MD

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Valad Europe has appointed former Oxford Properties managing director Simon Marriott to replace Rob Howe, who has left the European investor and asset manager to start-up a new UK-focussed investment management firm. Marriott has joined as head of UK real … Continue reading

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The Great £2.7bn end of year UK portfolio sell-off frenzy

Around £2.7bn of UK commercial property is up for sale across more than a dozen live portfolio deals, with the vast majority of vendors targeting an end of year disposal as they seek to capitalise on the feeding frenzy driven … Continue reading

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Consortium of banks finance Wereldhave’s entry into French shopping centres

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Wereldhave, the Dutch listed real estate investment company, has agreed to buy six prime French shopping centres for €850m from Unibail-Rodamco, financed by a €550m share sale and the drawdown of €150m of existing bank facilities. This marks the entry … Continue reading

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Hibernia REIT on target to raise €300m fresh capital

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Hibernia REIT has returned to the capital raising trail seeking a further €300m, as the Irish real estate trust continues to capitalise on continuing NAMA and bank de-leveraging to build upon its circa €500m predominantly Dublin property portfolio. Credit Suisse … Continue reading

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Allianz Real Estate commits to invest €140m in IPUT

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Allianz Real Estate, the international real estate division of Allianz Group with €30bn in assets under management, has committed to invest €140m in IPUT, the unlisted debt-free property fund in Ireland. The new capital is evidence of IPUT’s stated ambition … Continue reading

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