REC staff

Canadian pension fund puts up £190m for London offices joint venture

German bank closes £450m of lending to three UK assets in a single day, paving the way for autumn follow-up to landmark Chiswick Park CMBS

The market needs to address some key issues to encourage investors back to CMBS, a product that was unprepared for the scale of the downturn and that has been slow to address its shortcomings. As a servicer, I am concerned about the lack of servicer scrutiny. Scrutiny would have led to more servicers being replaced […]

Real Estate Capital UK commentary After a bullish April, the UK REIT sector’s share prices flat-lined in May, while the wider stock market  drifted down by 1.9%. Land Securities reported better-than-expected results, with an IPD-busting 8.4% rise for its portfolio value in the year to the end of March. British Land’s 6.9% value growth also beat  […]

UK market overview The Jones Lang LaSalle Balanced Fund Index rose 0.51% last month, compared with 0.34% in April, writes Julian Schiller. The index is up 1.83% since the start of the year and 4% up over the past 12 months. Taking into account secondary market pricing, the 12-month return falls to just 2.64%. Balanced […]

Pricing for 2011 contracts has picked up in the past month following the 22nd consecutive month of capital growth

Orion Capital Managers’ founders believe their experience of raising funds and sourcing deals in even the toughest times will allow them to remain vigorously independent, reports Jane Roberts

Past problems make many banks keen to limit mezzanine providers’ rights, reports Lauren Parr Senior lenders are taking a firm line on the rights that mezzanine providers are entitled to within the capital stack, if they will allow a junior tranche to sit behind them at all. Some French and German banks are thought to […]

Savills finds 20 new lenders in UK since last year, but “many are embryonic”. Lauren Parr reports