REC staff
Winning bid for Barclays’ ‘non-core’ unit boosts Capita’s loan servicing push, reports Lauren Parr
Funds targeting debt or other niche areas had an edge in tough first quarter, reports Jane Roberts Capital raising for UK-based fund managers remained as difficult as ever in the first quarter of this year. “It is still bloody tough out there,” says David Rendall, European CEO of Cushman & Wakefield Investors. This month CWI […]
Two news stories of significance to the property derivatives market broke this month. One was that broker ICAP is pulling out of trading property derivatives after a near six-year struggle to make money; the other, that LaSalle Investment Management is set up to start trading. These announcements were in no way co-ordinated, but there is some […]
Michelin Pension Plan and two other corporate pension schemes have committed £117m to Legal & General Property’s Limited Price Inflation Income Property Fund. LGP launched the open-ended fund for defined benefit pension schemes last year. The latest investments take total commitments to nearly £180m, from eight investors. The fund matches pension fund liabilities by investing […]
Investors are still targeting more than £40bn of equity at central London real estate, according to Jones Lang LaSalle. The agent said at MIPIM this month that this represents more than 80% of an estimated £52bn of capital chasing UK property. Chris Brett, director and head of JLL’s London-based international desk, predicted that this year […]
Russian investors back London fund, as US vehicle prepares for launch Wainbridge Capital is to hold a second closing for its Wainbridge Global Opportunities London (WGOL) fund in April. The group, which was set up last year by former Cambridge Place Investment Management property director Rob Rackind, hopes to follow up with a final closing […]
Amundi Real Estate will launch a fund to target the Paris office market in the next three months, backed by €300m-€350m of mainly German and Dutch institutional money. With leverage, the fund will have a total investment volume of €600m. ING Real Estate Finance has provided some of the debt for group funds in the past. […]
Bayern LB is targeting £500m of new business in the UK this year, on a par with the volume of lending it provided in 2010. This will amount to an increase overall, because new lending was matched by repayments last year. Its two biggest 2010 deals, closed at the end of the year, were a […]
Company has deployed well over half of £188m equity raised since 2009 Development Securities has invested £110m of the £188m of equity it raised during 2009 and 2010. Including debt, the quoted property company has made £233m of acquisitions since the first equity raising in July 2009. The company buys secondary assets that it believes can […]
UniCredit has earmarked up to €6bn for financing real estate deals this year – a 10-20% higher allocation than last year. But the UK is not one of its core markets as loans cannot go into its pfandbrief programme and the bank is not allocating balance-sheet capacity here. The German bank plans to invest more […]