Janus Henderson UK Property PAIF having recently confirmed that it has accepted the sale of its property portfolio, investors in the fund wishing to retain exposure to this asset class may be wondering where to invest the proceeds. Open-ended direct property funds have been in decline since their assets underRead More →

Since the Grenfell Tower fire, unsafe cladding systems and other major fire safety flaws have been discovered in thousands of blocks, with tenants facing life-changing bills for the remediation work. The new legislation would prohibit freehold owners from recouping these costs through service fees. The new system would instead seeRead More →

CRIM purchased six properties, three in Copenhagen and three in Aarhus, comprising 311 apartments and 21 studios, as well as 30 parking spaces and three commercial units, for the CWE fund through the Munich-based AIFM platform, Catella Real Estate AG. Five other properties, one in Copenhagen and the others inRead More →

To print this article, simply register or connect to Mondaq.com. On November 25, 2021, the Central Bank of Ireland (“central bank“) published a consultation paper (“CP145“) on macroprudential measures for the real estate fund industry. The publication of CP145 follows the recent regulatory focus on the Irish real estate fundRead More →

Aberdeen Standard Investments (ASI) will merge its Aberdeen UK Property and Standard Life Investments UK Real Estate open-end funds, as well as their feeder funds, after obtaining shareholder approval. The consolidation of the two licensed real estate investment funds (Paifs) follows the merger of Standard Life with Aberdeen Asset ManagementRead More →

Considering the problems faced by the sector in recent years, it may seem strange that a new open real estate fund has entered the market. Yet this one promises to be different. Time: Real Estate Long Income and Growth Fund (GB00BMH82X78) will take a “one-size-fits-all” hybrid approach, holding both realRead More →

The pandemic has prompted fund managers to renegotiate rents in some cases and accelerated divestment from subsectors already facing longer-term problems. An estimated £ 6.4bn in rent has gone unpaid following Covid-related business closures, according to the FT, with the ban on evictions of commercial property to remain in effectRead More →

So much has changed since the coronavirus pandemic emerged early last year. Remote working, once considered impractical, has become the norm. As economies start to open up and lockdown restrictions relax, companies are still figuring out what their hybrid working models might be. Legal & General Investment Management’s real estateRead More →

Most retail investors would abandon their open-ended real estate funds if the Financial Conduct Authority introduced 90- to 180-day notice periods, according to research from AJ Bell. The company surveyed 1,951 DIY investors on its Youinvest platform and found that more than half (54%) of the 406 investors who heldRead More →

Mair Property Funds announced the acquisition of their second industrial facility based in South East Queensland, purchased for $ 9,340,000. The announcement: Western Australian real estate fund manager Mair Property Funds has acquired a second asset in South East Queensland for its popular MPF Diversified Fund No.3, by purchasing aRead More →

Three so-called “vulture funds” affiliated with Goldman Sachs raised 390 million euros on their distressed Irish home loan portfolios in 2019, but suffered no corporate tax charges. Beltany Property Finance, Ennis Property Finance and Liffey Acquisitions, which owns Kenmare Property Finance, held loans valued on their books at a combinedRead More →

Higgins says concerns are being raised about inexperienced managers creating high-yielding funds to attract investors looking for alternatives to bank bonus deposit accounts paying less than 1%. According to Zenith, more than 600 unlisted real estate funds manage assets of more than $20 billion. The “garbage dash” Higgins estimates thatRead More →

In recent years, listed real estate around the world has become an increasingly important asset class for South African investors. With local properties under pressure and asset distributors seeking diversified sources of return overseas, it has found its place in a growing number of multi-asset class portfolios. The performance ofRead More →

Managers of listed real estate vehicles have been spying on the opportunity to signal the benefits of the closed-end structure as two open-ended real estate funds remain frozen and the industry awaits the outcome of the Financial Conduct Authority’s liquidity consultation. Earlier this week, the authorized managing director of theRead More →

ASX-listed Dexus has announced that its $ 10 billion Dexus Wholesale Property Fund will merge with AMP Capital’s Diversified Property Fund in a “strategic fit” for the funds’ existing portfolios. The implementation agreement between Dexus Wholesale Property Fund (DWPF) and AMP Capital Diversified Property Fund (ADPF) will combine the twoRead More →

LONDON (Reuters) – UK property funds which resumed operations after a six-month freeze recorded net outflows of £ 336million in October, the third worst monthly performance on record for the sector, the network said on Tuesday. Calastone fund. Much of Britain’s £ 70 billion real estate fund industry was putRead More →

Large UK real estate funds are maintaining trading suspensions over fears that low cash reserves and regulatory uncertainty could trigger an investor flight. All of the UK’s major commercial real estate funds suspended operations in March, trapping nearly £ 22bn in investor money, after the coronavirus-induced shutdown in economic activityRead More →

St James’s Place reopened its real estate funds after its independent appraiser CBRE lifted the material appraisal uncertainty clause this morning. The funds were shut down in March, along with a host of commercial real estate funds, after appraisers proclaimed “material uncertainty” over real estate market valuations as the lockdownRead More →