LATEST PROPERTY FUNDS NEWS
Harbert Management Corporation has raised €662.4m for Harbert European Real Estate Fund V (HEREF V), making it the firm’s largest ever European real estate fund.
Troubled fund manager Neil Woodford has slashed his stake in NewRiver from 12% to less than 5%, according to a stock exchange announcement yesterday.
The Bank of England and the Financial Conduct Authority (FCA) will review redemption terms offered by open-end funds, in the wake of the problems faced by the Woodford Equity Income Fund.
Star manager’s troubles reignite debate about open-end funds sparked by run on property funds in 2016.
Deutsche Finance International (DFI) has raised €436m for its debut real estate fund, DFI European Value-Add Fund.
Lone Star Funds has raised $4.7bn for its latest real estate fund – less than the $5.9bn raised for its previous fund.
Asset manager Alpha Real Capital has acquired the ground rent of the De Vere Beaumont Hotel in Old Windsor fro £40m on behalf of its ground rent investment fund vehicle Index Linked Income Fund.