Property FundsThe latest news and features about property funds.
Latest Fund Management news
AEW has raised more than €415m of equity from several international institutional investors for its Europe City Retail Fund – exceeding the fund’s initial target of €400m.
Pan-European property funds delivered a net fund return of 2.3% in the last quarter of 2016, according to the IPD Pan-Europe Quarterly Property Fund Index.
Fund managers Aberdeen Asset Management and Standard Life have agreed terms to create the UK’s largest fund manager.
AXA Investment Managers said it has raised €8bn (£6.86bn) of capital in 2016.
Cromwell Property Group, the ASX listed Australian REIT, has completed the integration of Valad Europe into the wider group.
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.
Crosslane Property Group (CPG) is hunting for a partner to put up £325m to forward-fund its entire student accommodation pipeline.
Banks and Lending
Primary Health Properties (PHP) has made its second investment in Ireland as the company embarks on its first private placement issuing £100m in 10-year senior secured notes.
Regional REIT has reported a 2.25% increase in the like-for-like value of its portfolio in 2016 in its maiden full year results.
Mergers and acquisitions
GVA Worldwide has established two new affiliated partners covering Croatia, Slovenia and Bulgaria to further expand its position in Central and Eastern Europe (CEE).