Property FundsThe latest news and features about property funds.
Latest Fund Management news
Hermes Investment Management has provided a £29m loan to the joint venture of Thor Equities and Chenavari Investment Managers to fund the acquisition of 147-155 Wardour Street in London.
TH Real Estate has kicked off 2017 with three senior loans in the UK, totaling £377m.
Great Portland Estates (GPE) has sold the freehold of Rathbone Square to Rathbone Place Jersey for £435m, and is proposing returning £110m of the cash to shareholders.
The Henderson UK Property fund suffered net outflows of £860m during 2016, the annual accounts of Henderson Group revealed this morning.
The Financial Conduct Authority (FCA) has ruled out banning retail investors from investing in open-ended property funds in a discussion paper on potential reforms in the wake of the fund suspensions that occurred after the EU referendum.
BMO Real Estate has announced the appointment of Kamila Bouyahiaoui as a senior analyst in its Paris-based European fund investment team.
Kier Property and Manchester developer CPT have been selected by Liverpool City Council to deliver its new mixed-use commercial quarter, Pall Mall Exchange.
Banks and Lending
The volume of syndicated commercial property loans in the UK and across Europe, the Middle East and Africa (EMEA) fell sharply in 2016, Dealogic data has revealed.
Unite Students has announced the acquisition of a development site in Manchester alongside full-year results that show EPRA NAV growth of 12%.
Mergers and acquisitions
Hansteen Holdings has acquired 14.81% of the shares in Industrial Multi Property Trust (IMPT) following its 300p takeover bid for the company last Friday.