LATEST PROPERTY FUNDS NEWS
Harbert raises €662.4m for European real estate fund
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.
Woodford slashes NewRiver stake again
Troubled fund manager Neil Woodford has slashed his stake in NewRiver from 12% to less than 5%, according to a stock exchange announcement yesterday.
Bank of England and FCA to review open-end funds
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.
NewRiver and Purplebricks hit in fallout from Woodford crisis
Star manager’s troubles reignite debate about open-end funds sparked by run on property funds in 2016.
DFI raises €436m for debut property fund
Deutsche Finance International (DFI) has raised €436m for its debut real estate fund, DFI European Value-Add Fund.
Lone Star raises $4.7bn for latest fund
Lone Star Funds has raised $4.7bn for its latest real estate fund – less than the $5.9bn raised for its previous fund.
Alpha acquires De Vere Beaumont Hotel’s £40m ground rent
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.
