All REIM articles – Page 163
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White papers
Perspectives: The impact of QE on European property markets
The European Central Bank plans to inject €1.1 trillion into the eurozone economy through its new quantitative easing programme from March 2015 to September 2016. In this paper, we look at what QE is likely to mean for the region’s real estate market.
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Asset Manager News
UBS records significant real estate transaction activity globally in 2014.
UBS Global Asset Management’s Global Real Estate (GRE) business has today announced that it completed approximately CHF 7.2 billion in real estate transactions worldwide in 2014, reflecting a solid year for the business.
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White papers
Insights: Q1 2015
In Asia, active management is becoming an increasingly important driver of outperformance, against a backdrop of moderately positive rental growth and relatively low yields. Attractively priced prime assets aren’t as easy to find as they were a year or two ago.
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People News
Colin Humphries joins UBS as new Assistant Portfolio Manager for UK debt fund
Colin Humphries has been appointed as Assistant Portfolio Manager for the UBS Participating Mortgage Real Estate Fund (UBS-PREMF), joining UBS’s UK real estate debt business in London.
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Asset Manager News
European mezzanine lender of the year*
DRC Capital may not be the biggest mezzanine provider on the European block, but it has carved out a strong position in this niche market.
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Asset Manager NewsDRC and Standard Life Investments provide £65m refinancing for Brettenham House
Draco Property has secured new lending facilities for Brettenham House in central London. CBRE UK and EMEA Debt & Structured Finance sourced the debt which was fully underwritten by European Real Estate Debt Fund 2 advised by DRC Capital LLP.
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Asset Manager News
AEW Europe continues expansion in Germany and moves to new offices
Following the recent strengthening of its German team and a significant increase in its activity in the region, AEW Europe, which raised a record €2.2 billion of equity in 2014, has moved its German operations to larger offices in central Düsseldorf.
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Asset Manager News
New investor commits £162 million to WELPUT
An international institutional investor has committed £162 million to WELPUT (the ‘Trust’), through the secondary market, successfully matching the units made available through the recent redemption window.
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White papersOutlook 1H15: Eurozone commercial real estate market - Navigating political uncertainties – in an improving economic environment
The economic headlines from the second half of 2014 could easily give the impression that the eurozone’s economy was heading towards another crisis. There were concerns that the economic recovery had stagnated, with 2Q14 data showing that France and Germany, the eurozone’s two largest economies, had recorded negative growth and in so doing dragged the eurozone’s overall growth down to 0.1%.
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White papersOutlook 1H15: UK commercial real estate market - Will 2015 be a year of two halves?
Economic data from the end of 2014 continued the pattern of softer growth recorded since the summer, with 4Q14 GDP growth of 0.5% the slowest for a year. Nonetheless, this left growth for 2014 as a whole at a robust 2.6% and the fastest of the G7 nations, and given some reasonably strong high frequency data in 4Q, it is likely the final figures may be revised up in the future.
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Asset Manager News
M&G Real Estate invests in prime Italian high street retail
M&G Real Estate has acquired the corporate entity holding a prime high street retail asset in central Milan from Italian developers, PRIA SpA. The asset will become part of M&G Real Estate’s core European property strategy, managed by David Jackson and Simon Ellis.
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Asset Manager News
AEW Europe launches opportunistic investment partnership
AEW Europe has signed an investment programme focused on German retail assets as part of the expansion of its opportunistic platform. AEW Europe is working with its local partner, Kintyre to source and structure investments in Germany and will initially look to build a €150 million portfolio of assets in lot sizes of €5-15 million.
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People News
M&G Real Estate appoints Martin Towns as Head of Capital Solutions
M&G Real Estate has appointed Martin Towns as Head of Capital Solutions, reporting to Tony Brown, global chief investment officer. As Head of Capital Solutions, Martin will identify opportunities for international investors seeking direct real estate exposure to the UK, continental Europe and Asia.
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Asset Manager News
M&G Real Estate to fund the London Fruit & Wool Exchange Development
M&G Real Estate has acquired The London Fruit & Wool Exchange building in Spitalfields from Exemplar for circa £55 million. Following the completion of the acquisition, M&G Real Estate and Exemplar will work in partnership to redevelop the site.
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People News
UBS Real Estate verstärkt Portfoliomanagement mit Andreas Langer
Andreas Langer (41) verstärkt seit 15. Januar 2015 das Portfoliomanagement der UBS Real Estate GmbH München. In dieser Funktion betreut er die Logistikfonds ERGO Trust Logistikfonds Nr. 1 sowie UBS (D) German Logistics Property Fund 2.
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White papers
Public real estate debt strategies: Commercial mortgage-backed securities
Commercial Mortgage-Backed Securities (“CMBS”) represents a prominent segment of the U.S. commercial real estate investment landscape, carrying an outstanding balance of over $564 billion. Principal Global Investors Real Estate believes current economic trends, U.S. commercial real estate fundamentals, and factors specific to the CMBS market are conducive to positive long-term CMBS performance.
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Asset Manager News
WELPUT sells One Chapel Place, W1, for £58.5 million
WELPUT, a specialist fund investing in Central London offices, managed by Schroders and advised by Quintain Estates and Development plc, has exchanged unconditional contracts to sell the freehold interest in One Chapel Place, London W1, to a private investor for £58.5 million
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White papers
M&G Real Estate - Eye on Europe: where to invest in 2015?
The European real estate market looks to be on track for another strong year, building on 2014’s performance. We expect UK returns to remain in double digits, while continental Europe – which has lagged so far – is well positioned to rebound. Across the board, investor demand remains strong and ...
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White papers
Quantitative easing - Lower for longer also holds for European prime office yields
More than six years after the global financial crisis we are still in the uncharted territory of unconventional monetary policy. With the ECB now finally following the Federal Reserve, the Bank of England and the Central Bank of Japan, quantitative easing (QE) will for the foreseeable future remain a central ...
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Asset Manager NewsClarion Partners Completes the Acquisition of Gables Residential
NEW YORK, NY – Clarion Partners, a leading real estate investment manager, today announced that a group of investors led by Clarion has acquired Gables Residential. As a result of the transaction, Gables Residential will be converted into a perpetual life vehicle.
