Liquid real estate Issue 06

Liquid real estate Issue 06

Sovereign wealth funds and real estate: The sovereigns are coming

Euromoney Liquid real estate Issue 06

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.

Securitization

Securitization: A new kind of crunch

Euromoney Liquid real estate Issue 06

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.

Profiles

Keen but cautious interest from Norway’s sovereign fund

Euromoney Liquid real estate Issue 06

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.

Qatari Diar lays foundations for global growth

Euromoney Liquid real estate Issue 06

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.

Australian listed property trusts

Down under but not down and out

Euromoney Liquid real estate Issue 06

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.

Japan

J-Reits given green light to invest overseas

Euromoney Liquid real estate Issue 06

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.

US mortgages

Will slow and steady win the race?

Euromoney Liquid real estate Issue 06

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.

Deal architect

GE leads with European loan-buying spree

Euromoney Liquid real estate Issue 06

Deal architect - rights issues: Mortgage lenders hunt around for recapitalization cash

Euromoney Liquid real estate Issue 06

With UK lenders RBS, HBOS and Bradford & Bingley in the market with rights issues totalling more than £16 billion ($31.5 billion) as Liquid Real Estate went to press, and intense speculation that Barclays Bank and others might soon follow suit in order to shore up their capital adequacy, recapitalization looks set to become the financial trend of the season for UK mortgage lending banks.

Foundations

How will China’s property markets perform in challenging economic conditions?

Euromoney Liquid real estate Issue 06

by Kenny Ho, head of China research, Jones Lang LaSalle.

Russian commercial property – resiliency and growth

Euromoney Liquid real estate Issue 06

by Timo Tschammler, managing director of the international investment team, and Nicholas Spiro, director in the central and east European investment team, at DTZ.

UK Property Derivatives Report

Euromoney Liquid real estate Issue 06

By Michel Heller, CB Richard Ellis/GFI.

Editor's letter

Editor's letter: Forget the rising tide

Euromoney Liquid real estate Issue 06

News

UK property derivatives: Buying opportunity

Euromoney Liquid real estate Issue 06

‘Exaggerated view’ in property index provides buying opportunity.

Mexico gets green mortgages

Euromoney Liquid real estate Issue 06

Mexico’s Hipotecaria Vertice, a mid-sized real estate lender, is set to offer green mortgages. The new product, aimed at lower-income borrowers, offers homebuyers incentives to opt for properties with eco-friendly features in return for interest-rate savings.

Aberdeen picks up Goodman

Euromoney Liquid real estate Issue 06

Aberdeen Asset Management has acquired UK-based Goodman Property Investors from the Goodman Group for approximately €114 million.

Lehman, Goldman pair for Hong Kong option

Euromoney Liquid real estate Issue 06

Lehman Brothers and Goldman Sachs have executed what is thought to be the first long-dated Asian property derivative option.

Sal Oppenheim bets on property recovery

Euromoney Liquid real estate Issue 06

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.

Private equity players size up India

Euromoney Liquid real estate Issue 06

As the market for big initial public offerings dries up, Indian real estate increasingly is becoming the preserve of the private equity industry.

Morgan Stanley slims down property derivatives

Euromoney Liquid real estate Issue 06

Meinl restructuring sparks share dilution fears

Euromoney Liquid real estate Issue 06

Embattled Austrian property company Meinl European Land’s restructuring plans could bring an unwelcome dilutive effect on its shares.

EuroHypo launches social networking site: Ourbania.com

Euromoney Liquid real estate Issue 06

First there was MySpace, then Facebook. Now EuroHypo has rolled out a social networking site for real estate professionals.

Prupim’s Improver portfolio yields results

Euromoney Liquid real estate Issue 06

Prupim, the real estate investment arm of Prudential, has revealed some initial results of its experimental Improver portfolio.

People news: Wilson Lee surfaces at ING Real Estate

Euromoney Liquid real estate Issue 06

Liquid real estate people news: CB Richard Ellis hires head of European strategy

Euromoney Liquid real estate Issue 06

Liquid real estate people news: Citi taps global head of real estate

Euromoney Liquid real estate Issue 06

Liquid real estate people news: Morgan Stanley brings in Goldman’s Stecher

Euromoney Liquid real estate Issue 06

Liquid real estate people news: ProLogis European Properties appoints chief executive

Euromoney Liquid real estate Issue 06

Other LRE issues

Liquid real estate Issue 05

Euromoney Liquid real estate Issue 06

Liquid Real Estate Issue 07

Euromoney Liquid real estate Issue 06