October 2013 Issue

    Month: October
    Year: 2013

    Back to Print Editions

    Spate of deals reshuffles the property fund manager pack

    GLOBAL FUND MANAGER RANKINGS Major players as well as independents look vulnerable to consolidation, reports Jane Roberts

    Lloyds finalises shortlist for Project Hampton loan sale

    Five expected to enter final phase for €1.5bn pan-European loanbook

    Quest for better-value deals lures lenders out into regions

    REGIONAL LENDING Growing pack of lenders climbs risk curve to fund repriced regional assets, writes Lauren Parr

    Opal student assets set for move to Australia’s Campus

    Australian operator poised to beat two US rivals to win £245m portfolio

    Three bidders vie to take on German lender WestImmo

    Aareal, Pimco and ING tipped to be in running to acquire €15.2bn book

    Experts’ real estate finance vision aims to prevent crash

    Recommendations include linking CRE lending to long-term LTVs

    Housing revival gives wings to bridging expert Dragonfly

    DRAGONFLY PROPERTY FINANCE Mainstream banks’ retreat gave Dragonfly Property Finance the space to write 1,200 residential loans in the past five years, writes Doug Morrison in the latest in our series on specialist lenders

    IREBS unveils first German debt survey

    Survey covering 50% of market shows competition will put pressure on margins and LTV levels

    Low fees are the price to pay for securing DC mandates

    PENSION FUNDS – DB to DC Only big property players can balance paying high transaction costs while keeping charges low

    AXA set to double loanbook via Norges mandate victory

    Co-investment with Norway’s wealth fund could take book size to €15bn

    Aviva takes a hit in Redefine shopping malls restructuring

    Insurer writes off chunk of Redefine’s debt on two secondary centres

    Henderson hits funding trail for Leadenhall tower in City

    Mandate for £200m-300m to back £1bn scheme in heart of the Square Mile could be largest development financing ticket since financial crisis

    Property struggles to define its contribution to pensions

    PENSION FUNDS – DB to DC Defined contribution schemes’ liquidity requirement is property’s problem, reports Alex Catalano

    Debut Aldersgate deal gets Ferrari’s new vehicle moving

    ASHBY CAPITAL The investment firm set up by former Heron International man Peter Ferrari is hunting for further central London deals, after buying 200 Aldersgate in the City for its Saudi client, writes Jane Roberts

    North American might takes Brookfield to top of the table

    GLOBAL FUND MANAGER RANKINGS US and Canadian giant tops fund managers table as market returns to growth, writes Jane Roberts

    Putting real assets into the mix will help to feather NEST

    PENSION FUNDS – DB to DC Retirement-date funds give pension provider more choice on asset allocation, writes Alex Catalano

    In brief

    DebtX to sell $5bn US portfolio America’s Housing & Urban Development (HUD) has appointed DebtX to sell a $5bn portfolio of non-performing loans. The sale, the largest DebtX has undertaken for HUD, is expected to attract international bidders. DebtX said the model would be applicable to Spain  or other European countries with large residential non-performing […]