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 →

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 →

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 →

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 →

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 →

According to (Chen, 2020), valuation is a quantitative process aimed at demarcating the credibility or value of any asset. It requires an empirical mechanism that decides fair value. Usually, an analyst measuring the value or worth of a company tests the capital structure, expectations of potential profits, the market valueRead 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 →