Real estate finance and investment - November 2008
Real estate finance and investment - November 2008
Global money management - November 2008
Real estate finance and investment - November 2008
Global money management - November 2008
The Cover - November 2008
Total Securitization - November 2008
Money management letter - October 2008
October 2008 - October 2008
Liquid Real Estate Issue 07 - September 2008
Australia has come out of the credit crunch reasonably well: its biggest banks show no danger of collapse, it has been insulated by its heavy concentration of big resource stocks, and its housing finance industry has been built on more stable foundations than that in the US. One area that has taken a hit, though, is the listed real estate market.
Liquid Real Estate Issue 07 - September 2008
The growth of CBRE’s outsourcing business is helping to propel the company through one of the toughest trading environments in its history. Chief executive Brett White explains how the global real estate services firm will emerge from this downturn on the up and up. Rachel Wolcott reports.
Liquid Real Estate Issue 07 - September 2008
Concerns have been mounting in recent months that the liquidity schemes offered by the European Central Bank and the Bank of England are being misused by borrowers and are thwarting the recovery of market-based funding, including the MBS market. Announcements from both central banks in September addressed those concerns but their respective timing – one coming before Lehman Brothers’ collapse and AIG’s rescue and the other afterwards – has resulted in a divergence of policy.
Liquid Real Estate Issue 07 - September 2008
GE Real Estate has appointed Mark Hutchinson to be president of the newly created GE Real Estate International, covering operations in Europe and Asia.
Liquid Real Estate Issue 07 - September 2008
HDG Mansur has added two funds to its roster. The HDGM International Property Fund is modelled after HDG Mansur’s HSBC Amanah Global Properties Income Fund launched in 2002. This closed-end income fund will invest in a global portfolio of properties initially targeted in markets throughout the US and Europe. Denominated in US dollars, the fund’s core investment strategy will be to invest in single- and multi-tenant properties leased to major corporations with stable or improving credit. The fund will be targeted to high-net-worth individuals and institutions and will aim to raise in excess of $200 million.
Liquid Real Estate Issue 07 - September 2008
Michael Neal has joined Henderson Global Investors as director of property for its £1.2 billion UK Retail Warehouse Fund. He comes from Goodman Property Investors, where he was responsible for the fund management of Goodman’s two retail park funds: the £550 million Goodman UK Retail Parks Trust and the Two Rivers Trust valued at over £200 million. Neal has spent over 14 years within the retail property industry, primarily working in the retail warehouse sector. He has also held positions at Hammerson, Sainsbury’s and Homebase.
Liquid Real Estate Issue 07 - September 2008
ING Real Estate has appointed Robert Houston as chairman and chief executive of its global investment management business. Houston has replaced David Blight who has resigned to return to Australia. Houston is a founder of ING Real Estate’s investment management business in the UK.
Liquid Real Estate Issue 07 - September 2008
Axa Reim has an impressive track record of mining gems from unpropitious soil and has identified real estate sectors it feels investors should be entering now with an eye to a market upturn. Duncan Wood reports.
Liquid Real Estate Issue 07 - September 2008
Conditions are turning tough in Japanese listed real estate. The Topix Real Estate index dropped 23% from mid-May (its peak so far this year) to the end of August, and the TSE Reit index is down 32.2% year to date.
Liquid Real Estate Issue 07 - September 2008
KBC Asset Management UK will launch a Japan fund to take advantage of perceived future growth prospects. The seven-year closed-ended fund will invest principally in office, retail and industrial market sectors in Tokyo, Fukuoka, Osaka, and other big Japanese cities.
Liquid Real Estate Issue 07 - September 2008
Property derivative volumes have rebounded, surpassing pre-credit crunch levels. This surge is driven mainly by hedge funds and institutional investors. However, the group of end-users that could benefit the most from these instruments has largely stayed out of the market. Have direct property owners missed a trick? Rachel Wolcott reports.
Liquid Real Estate Issue 07 - September 2008
TriAlpha has brought out a property fund of hedge funds called the TriAlpha Global Property Strategy fund. It seeks to invest in hedge fund managers specializing in the global property sector. Its portfolio includes funds from Credit Suisse, Thames River and New Star.
Liquid Real Estate Issue 07 - September 2008
GMAC Financial Services and its subsidiary Residential Capital (ResCap) announced the elimination of 5,000 jobs in the US as part of its survival plan as the downturn in the credit and mortgage markets persists. The move is part of ResCap’s plan to cut back its operation and adjust its lending to refocus its resources on strategic lending and servicing.
Liquid Real Estate Issue 07 - September 2008
The government bailout of mortgage agencies Fannie Mae and Freddie Mac has made the case for covered bonds in the US less compelling. After the collapse of the government sponsored entities (GSE), the need for alternative funding methods should have been clear. Instead, with the debt of both entities tightening post-bail-out and the parallel tightening in Federal Home Loan Bank’s (FHLB) debt, covered bond issuance looks comparatively expensive.
Liquid Real Estate Issue 07 - September 2008
September 2008 - September 2008
The market looks set to remain buoyant, especially in the key Gulf centres, with a widening variety of access routes for investors and developers prepared to commit themselves to local contacts and a local presence.
Real estate finance and investment - September 2008
Real estate finance and investment - September 2008
Derivatives week - September 2008
Real estate finance and investment - August 2008
Citigroup is said to be working with a number of banks to put together a new commercial mortgage-backed securities deal, which could hit the market as early as this month.
Real estate finance and investment - August 2008
Money management letter - August 2008
August 2008 - August 2008
The boom in the Qatari real estate market that has been an inevitable by-product of the spectacular growth of the economy in recent years and the surge in demand for residential as well as commercial property that has emerged as a result.
Liquid real estate Issue 06 - July 2008
A shortage of assets at home sent Australian listed property trusts overseas to seek opportunities. Unfortunately, the global credit crunch has left those invested abroad badly exposed and looking to regroup. Some are making a better fist of this than others. Chris Wright reports.
Liquid real estate Issue 06 - July 2008
Liquid real estate Issue 06 - July 2008
Sizing up sovereign investment
Liquid real estate Issue 06 - July 2008
Liquid real estate Issue 06 - July 2008
Liquid real estate Issue 06 - July 2008
by Kenny Ho, head of China research, Jones Lang LaSalle.
Liquid real estate Issue 06 - July 2008
Japan’s real estate regulators have given local real estate investment trusts the green light to invest overseas. But are J-Reits prepared for the challenge? Elliot Wilson reports.
Liquid real estate Issue 06 - July 2008
Any time Norway’s Government Pension Fund makes a move in the markets it is big news. Rachel Wolcott speaks to Martin Skancke, head of asset management at the Norwegian finance ministry, about the fund’s plans to move into real estate investing.
Liquid real estate Issue 06 - July 2008
Despite commercial property values having plummeted some 12% since the start of the credit crunch, London’s lure is still strong for some investors, particularly Middle Eastern sovereign wealth funds.
Liquid real estate Issue 06 - July 2008
Earlier this year, the real estate investment company made its debut on the global stage with its acquisition of a trophy London property. According to Ghanim bin Saad al-Saad, chief executive, that is only the beginning of its ambitions. Rachel Wolcott reports.
Liquid real estate Issue 06 - July 2008
by Timo Tschammler, managing director of the international investment team, and Nicholas Spiro, director in the central and east European investment team, at DTZ.
Liquid real estate Issue 06 - July 2008
Borrowers and mortgage lenders are feeling the pinch of an unprecedented credit crunch. Is there any way back to the buoyant days when securitization drove the market? Duncan Wood reports.
Liquid real estate Issue 06 - July 2008
A surge in sovereign wealth funds’ real estate activities could bring an estimated $100 billion in investments to the sector annually. However, although sovereign funds are cash rich, they won’t be throwing their money around but rather hunting for bargains. Rachel Wolcott reports.
Liquid real estate Issue 06 - July 2008
By Michel Heller, CB Richard Ellis/GFI.
Liquid real estate Issue 06 - July 2008
US lawmakers are trying to ease the pain of homeowners caught up in the sub-prime debacle with tighter regulation and a push towards greater use of long-term fixed-rate mortgages over unpredictable adjustable-rate deals. Will a new era of thrift replace the sub-prime excesses? Perhaps not if the US feels the playing field is not level. Julian Marshall reports.
Liquid real estate Issue 06 - June 2008
Liquid real estate Issue 06 - June 2008
Liquid real estate Issue 06 - June 2008
Liquid real estate Issue 06 - June 2008
Liquid real estate Issue 06 - June 2008
Liquid real estate Issue 06 - June 2008
Prupim, the real estate investment arm of Prudential, has revealed some initial results of its experimental Improver portfolio.
April and May 2008 euromoney.com - June 2008
As the global real estate markets feel the pinch of the credit crunch Euromoney/Liquid real estate reports on the most important market developments.
Liquid real estate Issue 06 - May 2008
First there was MySpace, then Facebook. Now EuroHypo has rolled out a social networking site for real estate professionals.
Liquid real estate Issue 06 - May 2008
Embattled Austrian property company Meinl European Land’s restructuring plans could bring an unwelcome dilutive effect on its shares.
Liquid real estate Issue 06 - May 2008
Liquid real estate Issue 06 - May 2008
As the market for big initial public offerings dries up, Indian real estate increasingly is becoming the preserve of the private equity industry.
Liquid real estate Issue 06 - May 2008
With headlines about real estate ever more gloomy, it might be reassuring for market participants to observe that Europe’s largest private bank, Sal Oppenheim, is positioning itself for a recovery.
Liquid real estate Issue 06 - May 2008
Lehman Brothers and Goldman Sachs have executed what is thought to be the first long-dated Asian property derivative option.
Liquid real estate Issue 06 - May 2008
Aberdeen Asset Management has acquired UK-based Goodman Property Investors from the Goodman Group for approximately €114 million.
Liquid real estate Issue 06 - May 2008
‘Exaggerated view’ in property index provides buying opportunity.
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