Property FundsThe latest news and features about property funds.
Latest Fund Management news
PGIM Real Estate has raised by far its biggest real estate debt fund to date, securing commitments totalling over £1bn for PRECap VI.
AREF has pledged to drive change to ensure that open-ended funds continue to work in the best interest of consumers following the publication of the Association of Real Estate Funds’ report by independent consultant John Forbes to assess the impact of the EU referendum result.
The industry is divided on what lessons should be drawn from the spate of fund suspensions that occurred after the EU referendum.
AREF’s latest report assessing the impact of the Brexit vote on UK real estate and the funds industry is complacent and protects the vested interests of those who instructed it.
CBRE Global Investors has restructured its Dutch fund to create a Residential Fund of Choice with a focused investment strategy on high quality resi.
The Association of Real Estate Funds (AREF) has claimed there was a “lack of clarity, consensus and regulatory certainty as to the approach to valuation of assets” within funds and UK real estate following the Brexit vote.
The Silvertown Partnership plans to build a 300,000 sq ft hub for competitive video gaming as part of the first phase of its £3.5bn regeneration project at the Royal Docks.
Banks and Lending
UK banks and building societies regained market share in 2016 after several years of retreat, according to the 2016 year-end De Montfort UK Commercial Property Lending Report.
Primary Health Properties (PHP) has revealed it added £13.5m of acquisitions to its portfolio in its latest trading update.
Mergers and acquisitions
Market Tech - the company that owns a large slice of London’s Camden Town - is set to be taken private by majority owner Teddy Sagi’s LabTech little more than two years after its flotation.