All articles by Mike Phillips..
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OnlineExpo Real 2012: Increase in money targeting property
The amount of money available for investment in property has increased in the last six months and, in a rare positive for the region, Europe is leading the way.
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OnlineExpo Real 2012: Morgan Stanley fund to sell €100m Brussels tower
An open ended fund managed by Morgan Stanley is to sell a large Brussels office tower as part of it’s liquidation plan.
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OnlineRBS reduces property loans and losses – but little lending for new customers
Royal Bank of Scotland today revealed that it had reduced its commercial property loan portfolio by 14% in 2011 and its losses on bad property loans dropped by 21%, but will provide little lending to new customers.
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OnlineSmyth’s Alburn loses fight for £134m portfolio
Alburn Real Estate, the property company of one Ireland’s most influential investors, has lost its battle to maintain control of a UK portfolio once valued at more than £200m.
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OnlineBattersea Power Station owner confirms administrators lined up
The owner of Battersea Power Station this evening stated that administrators had been lined up to take control of the scheme, confirming the news broken by propertyweek.com this afternoon.
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Online
MGPA raises $100m for fourth European fund
Opportunistic investor MGPA has held a first close for its fourth European property fund, MGPA Europe Fund IV (EF IV) with commitments of up to US$100m.
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OnlineEXPO REAL 2011: Central European investment volumes to reach €6bn in 2011
The amount invested in central European property is set to hit €6bn in 2011, a new report predicted today.
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OnlineEXPO REAL 2011: London is top target in Europe for global real estate investors
London is the top target in Europe for global money coming into property, with almost five times as much investment from non-European buyers as its nearest rival, a new report today said.
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OnlineEXPO REAL 2011: Eurozone debt crisis not impacting on property lending yet
The Eurozone debt crisis has not had a significant impact on property lending yet but changes could come, a report by Savills has found.
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OnlineEXPO REAL 2011: Money flowing out of German funds likely to go back into property
Although money is flowing out of german open-ended property funds due to new regulation and worries about property values, the majority won’t be reinvested outside of real estate, a new report said today.
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OnlineChaos at DTZ as top two resign over slow bid progress
The chief executive and finance director of DTZ resigned yesterday amidst growing frustration that a formal bid for the company has not yet emerged, and is not seen as likely to in the immediate future.
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OnlineAlmacantar founder Jones steps down after strategy change
Neil Jones has left the property company he founded with Mike Hussey, Almacantar, after a decision to change the firm’s strategy.
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OnlineColliers International hires John Campbell to its City agency team
Colliers International has appointed John Campbell as a new director in its City agency team to handle office disposals and acquisitions.
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Online
Vico secures Canary refinancing from new UK lenders
Irish property investment manager Vico Capital has secured a £107m refinancing of its office building at 17 Columbus Courtyard in Canary Wharf, with new lenders entering the UK market.
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Online
£450m Plantation Place sale set to continue
A group of investors that bought bonds secured against Plantation Place in the City of London said today it wanted to press on with an open-market sale of the property, in spite of opposition to the plan from Delancey.
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OnlineMinerva in takeover talks
Minerva is in takeover talks for the third time in a little over two years, it emerged late Friday evening.
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Online
Grosvenor raises £80m and refinances £650m Liverpool One
Grosvenor Fund Management has raised around £80m of equity and put in place a debt facility for its 1.6m sq ftLiverpool One retail scheme.
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OnlineDelancey acquires portfolio backed by £900m RBS loan
Jamie Ritblat’s Delancey today completed its purchase of a portfolio backed by a £900m Royal Bank of Scotland loan from Glenn Maud’s Propinvest.
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Online
JP Morgan also buys 60 Victoria Embankment
JP Morgan has bought 60 Victoria Embankment in the City, an office that was once valued at £350m.
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Online
Intermediate Capital Group snaps up stake in debt specialist Longbow
FTSE 250-listed mezzanine finance company Intermediate Capital Group today announced it had bought a majority stake specialist property debt firm Longbow Real Estate Capital.
