31 articles found within the last year.
Displaying results 1 - 20
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Investors go colder on property deals
Investors in UK property have been in a ... The consensus among managers in the sector is ... Investors confirm that demand for property has disappeared. ... David Skinner, head of property research at Aviva ... A year ago, monthly total returns from UK ... Investors say the compression of yields between prime...
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For Canary Wharf, bank crisis hits home
Canary Wharf has been on a roller-coaster ride ... The bankruptcy of Lehman Brothers is threatening more ... Adding to the concern: If Lehman defaults on ... If Lehman vacates the building, it would be ... "Even if Lehman survives it won't occupy nearly ... Canary Wharf today is home to some of...
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London and New York stand to suffer
The blast furnace known as the finance industry ... Both cities have relied heavily on the securities ... At the Thomas Pink store on Wall Street, ... New York developer Mario Procida is also concerned; ... Even before the weekend, the financial-services industry had ... Jobs in financial services tend to be more...
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Fund managers set up real estate firm
Three fund managers have set up a new ... Carrick Real Estate Investment Management will focus on ... Darroch, who manages the property portfolios of the ... He will hand over the portfolios to a ... The launch comes after almost a year of ... Darroch said: “We will manage assets to maximise...
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Schroder Property recruits second former Aberdeen manager
London-based fund manager Schroders has hired a second ... Strihagen's move to Schroders, effective on October 1, ... According to a spokesman for Aberdeen, Strihagen's role ... Celexa has formed the core of API and ... Following a decision earlier this year to integrate ... The departure of Sundberg, also to Schroders, was...
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RBC sells UK housing sector bond
Canadian bank RBC Capital Markets has sold a ... The £250m (€313m) fixed-rate, secured bond – reportedly ... RBC said the deal is the first major ... Institutional investors have largely shunned bonds backed by ... However, there appears to be investor demand for ... He added: “The orderbook for this deal is...
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VTB hires UBS Moscow-based sales head
The investment banking arm of state-owned Russian financial ... Nikolai Medvedev, head of international sales at UBS, ... Medvedev started his career at Moscow-based broker Brunswick, ... He is the second senior Moscow-based banker VTB ... VTB also said it had hired James Corrigan...
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UK property returns continue monthly decline
UK commercial property continued to decline last month, ... The IPD monthly property index, which is compiled ... On a rolling 12-month basis, the all property ... All sectors recorded falls last month – offices ... IPD director Ian Cullen said: “July was the ... Last month recorded -0.1% rental growth – representing...
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European CMBS market deteriorates
The performance of European commercial mortgage backed securities ... The sector in Europe has been hit by ... The worsening UK property market has directly affected ... S&P said it had seen more breaches of ... However, the number of loans to have actually ... Several commercial real estate specialists have reported writedowns...
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GE Real Estate names new international head
GE Real Estate, the commercial property arm of ... Mark Hutchinson, formerly president of GERE’s Asia-Pacific business, ... The move comes a day after GERE said ... Ron Pressman, president and chief executive of GERE, ... GERE said the organisational changes include the formation...
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Hammerson follows rival in property slump
Property giant Hammerson has reported a fall in ... Hammerson reported today that its £4.8bn UK portfolio ... John Nelson, the chairman of Hammerson, said in ... The news comes a day after rival Liberty ... According to the Investment Property Databank, monthly total...
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Liberty property values fall
London-based property giant Liberty International has reported a ... Patrick Burgess, chairman of Liberty, said that the ... In today's interim results statement, Burgess said: "The ... "However, the outperformance of prime assets against secondary ... Underlying profit before tax fell from £69m to...
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Property derivatives hold firm as real estate values fall
Trade in property derivatives increased in the second ... According to the Investment Property Databank, £1.9bn was ... The majority of the trades were in the ... However, the increase in trade in property derivatives ... In the second quarter of the year, there ... Capital values fell -4.0% for the three months,...
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JP Morgan to move to Docklands after ditching City scheme
JP Morgan has dealt a major blow to ... The US investment bank has this morning announced ... The deal marks a major U-turn for the ... However, obtaining planning consent proved difficult. Hammerson and ... Sources close to the St Alphage development team ... It is understood that as part of the...
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Analysts predict further falls in property values
Meltdown for the real estate sector is approaching, ... The situation in the UK, Spain and Ireland ... Real estate indices across the world are hitting ... The global residential mortgage crisis, which has led ... City Lofts, an inner-city property company, became a ... Property veteran Nigel Kempner, appointed City Lofts non-executive...
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Private banks boost risk controls
After Citigroup’s International Personal Bank faced anti-money laundering ... Industry sources agree private banks are having difficulty ... He said: “Many private banks are struggling in ... In a report last year, the Financial Services ... However, private banks say the regulator is too...
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Billionaire family targets 15% return from real estate debt fund
The Pears family, owners of real estate valued ... About €50m has been committed to the fund, ... Expectations of falling values in the real estate ... It will be targeting net returns of between ... The Pears family, active in property since 1952, ... Telereal has displayed interest in the Trillium property...
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Property and construction firms buckle under economic strain
The number of UK companies going into administration ... Financial advisory firm Deloitte has said in a ... The firm said decline in the value of ... Lee Manning, reorganisation services partner at Deloitte in ... The research showed that overall administrations fell by ... Neville Kahn, reorganisation services partner at Deloitte, said:...
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F&C expands property business
UK funds house F&C Asset Management will merge ... According to a statement published today, F&C will ... The agreement comes after almost a year of ... European markets are also the object of concern. ... F&C's property business looks after £5bn in the ... F&C will pay Reit's owners Leo Noé and...
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Europe's economy takes a hit
Just a few weeks ago, Europe thought it ... On Tuesday, Spain suffered its largest-ever business failure ... The rising risk of recession in Europe shows ... One sign that many investors no longer believe ... Europe's banking and property sectors are increasingly feeling ... Earlier this year, the euro zone's $12.2 trillion...
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