LATEST PROPERTY FUNDS NEWS
M&G Real Estate has completed an initial close of its first value add fund – the M&G UK Enhanced Value Fund (UKEV) – with investor commitments totalling £125m.
Year ends on high for retail funds with net inflows of £267m in Q4 boosted by strong December.
The joint venture between CBRE GIP and Palmer Capital has completed the sale of an asset within The Penny Hill district shopping centre at Hunslet, Leeds.
LGIM Real Assets (Legal & General) has converted its £2bn Industrial Property Investment Fund (IPIF) from a closed-end, fixed life vehicle to an evergreen open-ended fund.
LGIM Real Assets has appointed Yvonne Ambo in the new role of senior transactions manager.
Henley Secure Income fund has purchased £30m of supported housing assets across the UK in its second round of acquisitions, Property Week can reveal.
The best-performing funds in the AREF/IPD UK Quarterly Property Fund Index have notched up strong double-digit total returns for 2017.