REC staff
Several investors and banks are trying to buy the entire White Tower London of๏ฌce portfolio from its special servicer, CB Richard Ellis Loan Servicing. CBRELS said last month in a note to investors in the ยฃ1.15bn securitisation secured on the properties, that it expected to sell the nine assets โpiecemealโ between now and the end [โฆ]
Liberty International is expected to complete its re๏ฌnancing of Lakeside shopping centre as early as January. The regional shopping centre specialist said last month that it was โengaged in positive discussions with a number of lendersโ about re๏ฌnancing the Opera Lakeside CMBS deal. Sources believe the company has agreed seven-year bank ๏ฌnancing rather than a [โฆ]
Duet and partner Forum seeded fund but institutions also contributed
PRUPIM has rebalanced oneย of its funds through ยฃ100m of sub-sector swap trades with a single counterparty in the property derivatives market. PRUPIM has made a series of paired trades going short and long on different sectors with Royal Bank of Scotland as the counterparty. Will Robson, PRUPIMโs head of property derivatives, whoย worked on the [โฆ]
Central bankโs ABS repurchasing facility is made more expensive to use
Joint-venture partners will launch first new long/short property equities fund for two years and widen investor base of successful Iceberg vehicle Reech CBRE Alternative Real Estate is to dramatically expand its real estate hedge fund products at the start of 2010. Joint-venture partners CB Richard Ellis and Reech Alternative Investment Management will unveil the ๏ฌrst [โฆ]