Property funds are dumping assets worth more than £1billion on the London market as pressure mounts to meet takeover requests, with estate agents warning they will have to accept deep discounts to sell. UK property funds, including vehicles managed by Schroders, CBRE Investment Management, Legal & General Investment Management, M&GRead More →
Property investors brace for cut-price deals as property funds are pressured to sell offices and warehouses after coming under increasing pressure following the UK government’s ‘mini’ budget last month. Real estate funds have faced a wave of withdrawals and will have to sell assets to meet redemption requests. Large assetRead More →
Thursday, October 13, 2022 9:00 p.m. UK commercial property is under huge pressure following disastrously received mini budget Following last week’s bond market turmoil, which sent shockwaves through the City, investors are now scrambling to exit UK property funds. Since the new chancellor, Kwasi Kwarteng, presented his mini budget atRead More →
The pace of withdrawals from Britain’s commercial property funds has accelerated rapidly since the government unveiled its ‘mini’ budget last month, in a move that analysts say could trigger a rush to sell properties to investors. depressed rates. More than £100m has been squeezed out of a sample of propertyRead More →
There are some investing lessons that are obvious, but never seem to be learned. “Don’t expect instant liquidity from illiquid assets” is pretty high on this list. Yet several open-end real estate funds are again limiting redemptions – just as they did in 2016 and 2020 – due to tooRead More →
By Carolyn Cohn LONDON (Reuters) – CBRE Investment Management has postponed redemption payments to its UK property fund due to market conditions, it said on Wednesday, joining several other funds taking similar action to avoid a cash crisis at the following the recent turmoil in UK money markets. Sharp risesRead More →
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LONDON, Oct 4 (Reuters) – Some of Britain’s leading open-ended property funds are rolling out new measures to handle investor exit requests as difficulties in honoring redemptions continue to rise amid some asset sell-offs British at risk. The surge in UK gilt yields last week prompted many UK pension fundsRead More →
(Bloomberg) — Bloomberg’s Most Read Asset managers including Blackrock Inc. and Schroders Plc are limiting withdrawals by institutional investors from some UK property funds after a flurry of money transfer requests. Schroders’ UK property fund has postponed redemptions due in early October until July 2023, which will give the £2.8bnRead More →
September was a particularly difficult month for investors and competition was quite fierce to determine which funds were the best performers and the worst performers. Ben Yearsley, Director of Fairview Investing, said: “There aren’t many crumbs of comfort for investors after a torrid September, except that yield and earnings areRead More →
Three UK asset managers said they were unable to handle strong demand from investors seeking to exit property funds, another sign of how an accelerating drop in government bond prices is forcing pension funds to reallocate their assets. Schroders said it would make redemptions originally scheduled for Monday through JulyRead More →
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Finance Minister Paschal Donohoe pledged on Tuesday to begin a review of the Republic’s real estate investment trust (REIT) and housing fund regimes to see how these tax-advantaged vehicles “can continue to support” housing delivery. The Minister also said he planned to initiate a review of the use of so-calledRead More →
What is a payday loan? GreendayOnline defines payday loans. Payday loans are short-term loans that are given to borrowers so that they can pay their bills until they receive their next income. Because of the expensive interest rates, the low borrowing limits, and the other disadvantages associated with these loans,Read More →
Exposure to real estate has been made much riskier for investors in recent years, but experts said hybrid real estate funds could bridge that gap. Last October, Time Investments launched a hybrid real estate fund, aiming to fill that void for investors keen on real estate but less concerned aboutRead More →
Suppose you have an investment property that earns rent chances. In that case, refinance to a lower interest rate, particularly when you’ve had to pay an interest rate to the home for many years. If you need a loan with low interest but have a bad credit score, then visitRead More →
A “real estate investment fund registry” will be established at the Dubai Land Department under the decree, which also lists the terms, conditions and procedures for entry into the registry. Funds wishing to be listed on the register must be authorized by the relevant government authorities, including the Securities andRead More →
MSCI’s quarterly Global Real Estate Fund Index tracks the investment performance of 109 open-ended real estate funds with a total gross asset value of US$678 billion. Quarterly net return of the fund Source: MSCI Annual World Real Estate Index Annualized net return of the fund since December 2019 Source: MSCIRead More →
MSCI’s quarterly Global Real Estate Fund Index tracks the investment performance of 109 open-ended real estate funds with a total gross asset value of US$678 billion. Quarterly net return of the fund Source: MSCI Annual World Real Estate Index Net annualized return of the fund since December 2019 Source: MSCIRead More →
Unlisted property funds in Australia generated an annual return of 23.1% through the end of March, newly released data showed. This put unlisted real estate ahead of domestic equities (15.7%), listed A-REITs (15.4%) and global equities (10.6%) in terms of returns over the same period. In the first quarter ofRead More →
MINOT – Ward County Commissioners have approved the use of American Rescue Plan Act (ARPA) funds to allow Youthworks Acute Care and Assessment Center to purchase property for its young people to live in . On Monday, Emily Yanish, program manager for Youthworks, told commissioners the center had two actionRead More →
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Based on reports from the Central Statistics Office (CSO), the average price paid by apartment buying households in Dublin last year was €381,892. We know, however, that the main buyers of the 4,000 apartments in the capital in 2021 were not households but institutions. Estimates vary, but the Construction IndustryRead More →
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Central Bank Governor Gabriel Makhlouf has told the global fund industry, which has based portfolios holding more than 4 trillion euros in assets in the Republic, that it is only a matter long before it faces strict resilience rules, similar to other areas of finance. The warning, issued at theRead More →
Central Bank Governor Gabriel Makhlouf has told the global fund industry, which has based portfolios holding more than 4 trillion euros in assets in the Republic, that it is only a matter long before it faces strict resilience rules, similar to other areas of finance. The warning, issued at theRead More →
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Confusion still reigns over the future of open-ended property funds after the Financial Conduct Authority said it was still considering next steps following an industry consultation. In the latest grid of regulatory initiatives, the FCA confirmed that it had published its comments on the proposal to introduce notice periods forRead More →
We talked about it. And now it has finally happened. The Reserve Bank raised interest rates by 0.25%, and this has already had an impact on the equity market. But in these uncertain times, commercial real estate funds can be a stable and reliable investment. There are a lot ofRead More →
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 →
Open-ended funds have been falling since 2016 and this should continue according to Gravis fund manager Matt Norris. He points out that assets under management for this class rose from £22 billion to £9.1 billion between May 2016 and March 2022. Norris, director of real estate securities, said this declineRead More →
On November 25, 2021, the Central Bank of Ireland (Central Bank) issued consultation paper 145 (Consultation Paper) to industry on a proposal to introduce macroprudential limits on leverage and provide regulatory guidance to reduce liquidity mismatch risk in AIFMD1 compliant property funds which are licensed in Ireland and invest moreRead More →
Kevin Prosser, head of direct assets research at Lonsec, an investment and ratings group, says overall leverage is “reasonable” at 40-45% of assets under management. A high debt-to-equity ratio means that a trust has a higher ratio of debt to equity. A low debt ratio means the trust has aRead More →
Despite widespread pessimism about the real estate sector during the early stages of the pandemic, there has been nothing but good news over the past year. The average house price hit £274,000, up almost 10% year on year, according to the UK House Price Index compiled by the Office forRead 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 →
Fund groups insist that daily-dealing property funds have a place in the market as the suspension of the Janus Henderson UK Property Paif and the Financial Conduct Authority’s liquidity review cast a shadow over the sector. UK property funds have weathered the boom, with sudden market downturns due to theRead More →
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It’s an uncertain time for investors right now, but commercial real estate can offer healthy returns and steady income without the nail biting. Based on the early months of 2022, investors could face a bumpy ride this year. We have seen the Australian equity market take a capital loss ofRead More →
Most people are very familiar with residential real estate, with house price movements often being discussed around dinner tables. However, it is not the only type of real estate and there are many other types of property that investors can invest in. Business real estate includes direct real estate assetsRead More →
The investment strategies of CORUM’s French SCPIs, which have a structure similar to a REIT, are making waves in Ireland. The company operates three real estate investment funds, managing a portfolio of commercial properties valued at over €4 billion in 16 countries. Since the ramp-up of activity in Ireland inRead More →
Proposed limits on the amount of debt regulated property investment funds in Ireland can hold will threaten the viability of residential development and slow the delivery of new projects, industry sources say. The rules, which were outlined by the Central Bank in November, would cap leverage at 50% of aRead More →
Tim Sankey, who joined Border to Coast Pension Partnership as head of property just over a year ago, has left to lead the European segregated accounts practice at the property fund manager AEW. Border to Coast, which is in the process of launching pooled property funds for its 11 LocalRead More →
[ad_1] 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 othersRead More →
Turns out the money is free. And Buncombe County residents, according to the NC State Treasurer, have the biggest chunk of western North Carolina coming their way. With $30.5 million, Buncombe leads the region’s nine counties with the highest amount of unclaimed money in NCCashfollowed by Henderson County with justRead More →
[ad_1] 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 estateRead More →
[ad_1] On November 25, 2021, the Central Bank issued a consultation paper on the introduction of measures designed to address financial stability issues resulting from the identified liquidity mismatch and excessive levels of leverage in real estate funds, including: a limit of 50% of the loan / value leverage forRead More →
[ad_1] On November 25, 2021, the Central Bank of Ireland (Central Bank) released a Consultation Paper 145 (Consultation Document) to industry on a proposal to: (1) introduce macroprudential limits on the leverage and (2) provide regulatory guidance to reduce the potential for liquidity mismatches in the AIFMD[1] compliant real estateRead More →
[ad_1] AMP Chief Economist Shane Oliver adds: “The recovery and therefore the easy gains are now behind us and, more importantly, interest rates and bond yields are starting to rise, which will likely put pressure on yield sensitive real estate funds. Oliver says residential real estate markets are starting toRead More →
[ad_1] Key points to note: The proposals will apply to funds domiciled in Ireland which invest more than 50% directly or indirectly in Irish real estate assets The proposals include: Leverage limits imposed on In-Scope funds; and Guidance on how to deal with liquidity mismatches Existing In-Scope Funds will haveRead More →
[ad_1] The Central Bank will impose new financial rules on real estate funds, warning that a massive sale of assets by these entities could destabilize the sector. In its latest financial stability review, the regulator said real estate funds now hold 40% of the Republic’s commercial residential real estate assets,Read More →
[ad_1] Real estate fund managers have warned owners of the risk of holding assets stuck in real estate portfolios. Speaking at Schroders’ investment conference in Edinburgh on Tuesday, as COP26 takes place in Glasgow, Schroder Global Cities property manager Tom Walker (pictured) said landowners would find themselves sitting on batteredRead More →
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[ad_1] 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 AssetRead More →
Abrdn is merging its two open-ended property funds, the Aberdeen UK Property fund and the Standard Life Investments UK Real Estate fund, and their feeder funds. The group has two approved real estate investment funds (Paifs), as well as their respective feeder funds, following the merger of Standard Life withRead More →
[ad_1] 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 bothRead More →
The Ohio Bureau of Workers Compensation (BWC) approved $189.8 million (€161.5 million) in basic and basic plus open-end fund redemptions, according to a meeting document. The workers’ compensation insurance provider launched its property fund buyout scheme this year as part of a plan to buy back up to $875 millionRead More →
[ad_1] 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 inRead More →
[ad_1] 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 inRead More →
[ad_1] During this time, the company will return 45.7% of the net asset value of the inc and acc share classes of its UK Property Feeder funds. This follows the closure of funds in May of this year, after more than a year of significant uncertainty over real estate valuations.Read More →
[ad_1] Real estate and index-linked bonds dominated both open and closed-end fund performance charts in July, as investors sought to hedge against rising inflation and pandemic problems. The £ 52.59million Gravis UK Listed Property fund took first place, up 8.19% on the month, while NFU Mutual UK Property Shares andRead More →
[ad_1] An online survey of DIY investors with AJ Bell Youinvest suggests that most would sell their open-end real estate funds if the FCA provides for 90-180 day notice periods. 54% of real estate fund investors said they would sell their holdings if a 3-6 month notice period was introducedRead More →
[ad_1] 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 realRead More →
[ad_1] 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 whoRead More →
[ad_1] There has been a tectonic shift in the UK commercial property market in recent years, as large companies have reduced their office space and retailers have turned to the internet. While the coronavirus outbreak has proven to be a structural shock to the market, in some areas it hasRead More →
[ad_1] The next real estate crash will be much worse than the last because Ireland is stuck in “a boom-bust cycle”, an expert said. Dr Rory Hearne believes that the wholesale buying of homes by investment funds creates a real estate bubble, with prices constantly rising. He admitted he wasRead More →
[ad_1] 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 purchasingRead More →
[ad_1] These funds and many others have been strongly affected by the Covid and have been suspended until valuations could be achieved. After many more reopened, Aviva, and now Aegon, failed to realize the economies of scale and diversification that these group plans should offer and had to liquidate theRead More →
[ad_1] And another bites the dust in the open real estate fund industry. This week, Aegon announced that it would be shutting down the Aegon Property Income fund, just weeks after Aviva came to the same conclusion on its own real estate fund. Is this investment Darwinism in action? ManyRead More →
[ad_1] LONDON (Reuters) – Aegon Asset Management has shut down its UK property income and property income feeder funds after failing to raise enough cash to meet redemption requests, it said on Wednesday, following a similar decision taken last month by Aviva. Aegon funds were put on hold in MarchRead More →
LONDON: Aegon Asset Management has closed its UK Property Income and Property Income feeder funds after failing to raise enough cash to meet redemption requests, it said on Wednesday, following a similar decision taken the month latest by Aviva. Aegon funds were suspended in March 2020, in line with muchRead More →
[ad_1] 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 aRead More →
[ad_1] UK open-ended real estate funds have been criticized in the mainstream press for blocking their investors for long periods of time. The liquidity levels of these funds have risen steadily as assets have been sold and two long-suspended funds recently announced that they will reopen before the end ofRead More →
[ad_1] Real estate funds experienced the second month of cash outflows in May, according to data from the Calastone fund network. UK investors repurchased £ 445million of their investments in the funds over the past month, the second worst month since Calastone started recording flows in 2015. The worst monthRead 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 →
[ad_1] Investors have withdrawn £ 5.6bn from UK property funds over the past two and a half years over fears that the Covid variants will deal another blow to the already besieged property sector. Calastone figures, which track the inflow and outflow of money in the UK from financial advisers,Read More →
[ad_1] British real estate funds should benefit from the reopening of offices, shops and restaurants. And the majority of those funds now allow investors to buy and sell units, having closed last year when the pandemic hit. But the outlook for the sector is still very uncertain after recent proposalsRead More →
[ad_1] Real estate funds made nearly € 3 billion in profits in the first three years after their introduction, according to the Business Post. He said operating profits of Irish real estate funds stood at 1.16 billion euros in 2019 alone, bringing total combined profits to 2.93 billion euros forRead More →
[ad_1] The Financial Conduct Authority’s proposals for long-term asset funds could mean that some assets are not usable in model portfolios, according to guests of the latest edition of the FTA Advisor Podcast. In recent years, the so-called liquidity imbalance has forced real estate funds to repeatedly open and closeRead More →
[ad_1] In what could be the first domino to fall, Aviva decided to liquidate its open-ended real estate fund, more than a year after suspending activities in the fund. What does this mean for the future of open-ended real estate funds? An option that does not end with the liquidationRead More →
[ad_1] Insurer Aviva has announced that in July it will shut down three UK property funds that have been suspended since March of last year due to market uncertainty as the pandemic hit the UK economy. “During this period of economic uncertainty, it has become increasingly difficult to generate positiveRead More →
[ad_1] (Add background, details, quote, fund size) LONDON, May 20 (Reuters) – Insurer Aviva has announced that in July it will shut down three UK property funds that have been suspended since March last year due to market uncertainty as the pandemic hit the UK economy. “During this period ofRead More →
[ad_1] Open-ended real estate funds recorded net outflows of £ 81million in April, the 31st consecutive month of outflows, according to data from Calastone. Just over £ 5bn have left the industry in the past three years, which equates to £ 1 in every £ 8 under management. However, April’sRead More →
[ad_1] The real estate market has made a pedestrian recovery from the pandemic. The MSCI World Index has rebounded 30% in the past year, as one of the key real estate sector metrics, the IPD UK Index, has risen just 4%. The recovery in the listed real estate investment trustRead More →
[ad_1] The Financial Conduct Authority has delayed publication of its conclusion on liquidity mismatch in open-ended real estate funds until the third quarter at the earliest due to uncertainty over operational hurdles to overcome to support notice periods . The regulator said it also wants to take into account inRead More →
[ad_1] The Financial Conduct Authority (FCA) has postponed its decision on real estate funds until the third quarter of 2021 at the earliest. The delay shows how difficult it is to address issues that arise when investors suddenly leave open real estate funds. Over the past year, many well-known fundsRead More →
[ad_1] Solutions to the problem of global investment funds buying entire properties to put them on the rental market can be found in the tax code, said Sinn Féin housing spokesperson Eoin Ó Broin this afternoon. . Last Sunday, the Business Post reported that Round Hill Capital and its partnerRead More →
[ad_1] 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 performanceRead More →
[ad_1] 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 ofRead More →
[ad_1] 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 theRead More →
[ad_1] S Obvers who invested in real estate funds only to find they weren’t able to withdraw their money still had to pay over £ 40million last year in management fees, with some still paying funds closed today. Investors have pumped billions of pounds into “open-ended” real estate funds promisingRead More →
[ad_1] As we approach the first anniversary of the initial Covid lockdown in the UK, many people are still working from home. The end of the foreclosure may finally be in sight, but remote working appears to be in the long run, with some companies choosing not to renew officeRead More →
[ad_1] The Central Bank plans to toughen the rules for real estate funds using the kinds of macroprudential tools currently used to curb subprime mortgages. Research by the regulator confirms the need to “explore possible macroprudential policy interventions” for real estate funds, including possible caps on the amount they canRead More →
[ad_1] Real estate was one of the only asset classes to experience cash outflows amid a record month for UK domiciled funds in November, amid a decisive election in the US and Positive vaccine trial data has boosted investor confidence. In total, the UK fund industry raked in £ 8.3bnRead More →
[ad_1] What looks like a good deal often turns out not to be. With interest rates and bond yields at their lowest in recent years, many investors have invested money in stocks that offer not only high returns but the prospect of capital gains as well. Widespread dividend cuts earlierRead More →
[ad_1] The United Kingdom Association of investment companies argues that 12 months notice is needed to protect consumers and the economy from the risks of open real estate funds. This approach is adopted in Germany, where real estate funds experienced sustained investments before and during the COVID crisis, unlike theRead More →
[ad_1] Large real estate funds are divided as they await investor panic. While some opened their metaphorical doors as soon as they could, others remained suspended as they built up cash reserves to meet expected withdrawal requests. A multitude of open-ended real estate funds had to suspend their transactions inRead More →
[ad_1] 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 wasRead More →
[ad_1] TOKYO (Reuters) – Signs that people are moving away from Tokyo, as telecommuting becomes the norm for many businesses amid the COVID-19 pandemic, have put real estate investors on the lookout and pushed the Japan Real Estate Investment Trust (REIT) Index Five-Month Low. Police officers attempt to control revelersRead More →
[ad_1] A total of £ 5.2bn of UK direct property funds remain on hold without a date set for their reopening despite the lifting of valuation uncertainty clauses which came into effect amid the first wave of the pandemic. coronavirus. In March, in the midst of the Covid-19 lockdown, theRead More →
[ad_1] Aberdeen Standard Investments will reopen its real estate funds next month after “careful consideration”. The fund company announced today (October 19) that it intends to lift temporary suspensions of transactions on its £ 1.6bn Standard Life Investments UK real estate fund and £ 900m Aberdeen UK real estate fundRead More →
[ad_1] LONDON (Reuters) – Canada Life on Thursday reopened its suspended £ 341million UK real estate fund and Savills Investment Management said it partially reopened two funds, as the sector shows new signs of life after a freeze of six month. Much of the UK’s £ 70bn real estate fundRead More →
[ad_1] 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 economicRead More →
[ad_1] UK real estate funds have started to reopen after a six-month suspension, with one of the biggest funds in the industry announcing it will allow investors to buy and sell again from next week. Columbia Threadneedle has announced that the £ 1 billion Threadneedle UK property investment fund (andRead More →
[ad_1] Open-ended real estate funds have had a longer foreclosure than most. After suspending negotiations due to “material uncertainty” around real estate valuations at the end of March, the majority of open-ended and directly invested real estate funds have still not reopened their doors to investors wishing to buy orRead More →
[ad_1] Real estate funds across the UK are expected to be released following a recommendation from an industry forum this morning to lift material uncertainty clauses. The UK’s Material Uncertainty Clauses (MUC) were introduced in March this year to address concerns that the property market (and its holdings) could notRead More →
[ad_1] St James’s Place and Columbia Threadneedle became the first investment managers to reopen their UK property funds following the easing of foreclosure restrictions, throwing the gauntlet at more than £ 20bn in frozen funds to follow their lead . Several UK real estate funds have suspended operations this year,Read More →
[ad_1] LONDON (Reuters) – Columbia fund managers Threadneedle and St James’s Place SJP.L on Wednesday said they would reopen their suspended UK property funds after UK surveyors said they no longer saw any “material uncertainty” in property valuations, which was a major obstacle to reopening. FILE PHOTO: A person onRead More →
[ad_1] 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 theRead More →
[ad_1] Columbia Threadneedle has joined St James’s Place and reopened its frozen real estate fund following a stamp of approval on the valuation of its assets but rivals funds remain cautious. SJP and Columbia Threadneedle were among the raft asset managers who suspended their real estate mandates in March afterRead More →
[ad_1] After a 30-year career in property management, Lynn Jackson was eager to retire in December. It is therefore a cruel irony that the 65-year-old woman has been denied access to her pension because she is trapped in a frozen real estate fund. Ordinary investors have around £ 13.5 billionRead More →
[ad_1] The real estate market may have opened up after the lockdown, but when it comes to open-ended real estate funds, these are still firmly closed. Investors cannot request redemptions or make new investments in these funds. It’s a situation that prompted the regulator to launch an investigation into thisRead More →
[ad_1] The Financial Conduct Authority (FCA) is looking to introduce redemption notice periods for UK open-ended real estate funds as it seeks to address lingering concerns over liquidity. The proposed new law, set out in a consultation paper launched today, would require investors to give at least 90 days’ noticeRead More →
[ad_1] Warning bells have been sounded that the city watchdog’s proposals to impose a 180-day notice period for open-ended real estate funds could ‘spell the end’ for retail investors in portfolios real estate. Earlier today (August 3), the Financial Conduct Authority released a consultation paper on floating rules that wouldRead More →
Suspending a fund can protect investors because fund managers are under less pressure to raise funds via a “fire sale”. The proposed notice period of three to six months would mean they can plan sales and reduce the likelihood of a fund being suspended, the FCA said. The watchdog addedRead More →
[ad_1] Some of the largest funds holding billions of pounds of real estate assets in the UK remain closed to investors, three months after a wave of transaction suspensions were applied at the height of the massive Covid-19 sell-off. Fund analysts predict it could be up to six months beforeRead More →
[ad_1] LONDON: Six asset managers, including M&G and Legal & General, have said they are keeping real estate funds totaling more than $ 7.5 billion in assets frozen as appraisers continue to struggle to assess real estate in due to the coronavirus crisis. M&G froze its $ 3.2 billion UKRead More →
[ad_1] Investors face a long wait to access the £ 13 billion currently trapped in UK property funds, experts predict, as businesses remain ‘far from normal’ and the commercial property market continues to decline. ‘be moderate. Independent appraisers said there were a number of things – many of which wereRead More →
The valuation uncertainty that led to the suspension of a series of UK direct property funds as the coronavirus outbreak took hold is showing signs of easing thanks to more deals and updated industry guidelines on real estate appraisals. Combined with the easing of UK government lockdown restrictions, the changesRead More →
[ad_1] LONDON (Reuters) – UK real estate funds are expected to remain frozen for months as the market is unvaluable due to the coronavirus crisis, and some may have to change structures to survive, industry sources say. FILE PHOTO: Empty offices are seen as the spread of coronavirus disease (COVID-19)Read More →
[ad_1] US open-ended real estate funds managed by Heitman and ASB Real Estate Investments have been ‘locked in’ and other vehicles in the $ 264 billion (238 billion euros) NCREIF ODCE index are expected to follow suit, according to the reports. investors. The Ohio Bureau of Workers Compensation told IPERead More →
Thousands of people who poured money into real estate funds for retail investors are now trying to withdraw the money during this turbulent economic time. Many are told they can’t have it. These people invested in a type of fund known as a non-traded real estate investment trust. Since 2013,Read More →
[ad_1] A new wave of UK real estate funds, including vehicles run by BlackRock and Schroders, have been forced to halt trading, bringing the total amount blocked in these funds following the coronavirus outbreak to over £ 20bn . Trading was halted after real estate companies such as Knight Frank,Read More →
[ad_1] Schroders is among the first asset managers to confirm that its real estate investment trusts will be affected by the same coronavirus uncertainty that prompted a series of open-ended UK real estate funds to suspend last week. The £ 165.8million Schroder European Real Estate Investment Trust confirmed on MondayRead More →
[ad_1] Investors are seeking answers from UK property funds after at least seven deals were halted amid a massive sell-off in the property market due to the coronavirus, trapping at least £ 12.7 billion in investor money . St James’s Place joined other asset managers this week when it suspendedRead More →
[ad_1] Aberdeen Standard Investments, BMO, Janus Henderson, Columbia Threadneedle and Aviva Investors suspended trading in their respective open-end real estate funds today due to valuation uncertainty as markets continue to be rocked by market panic. coronavirus. The groups join M&G which suspended its £ 2.3bn property portfolio at the endRead More →
[ad_1] Janus Henderson has suspended his £ 2bn (€ 2.19bn) UK real estate fund, becoming the second such term to be blocked due to uncertainty in the valuation of his holdings as the coronavirus is wreaking havoc. It comes after Kames Capital yesterday suspended its £ 501million (€ 548million) propertyRead More →
[ad_1] Trading with £ 1.7bn UK real estate fund Standard Life Investments and £ 1.1bn UK real estate fund Aberdeen have been suspended after Covid-19 plunged markets into chaos. Real estate transactions have almost come to a standstill since the escalation of the coronavirus in the UK over the pastRead More →