Bridges Ventures has announced an early closure of its Bridges Property Alternatives Fund III after strong interest from European and US institutions. The company says it will apply gearing to its closing £212m commitment to give it a potential investment... Read More
The Singapore-based property group United Overseas Land (UOL) has made its first European investment with the acquisition of a landmark London hotel site. It paid £97m for Gerald Ronson’s Heron Plaza development in the City. The property tycoon was... Read More
Businesses which hold property portfolios could have their company credit rating downgraded under a New Year accounting shake-up, two experts have warned. Under revised accounting rules — which come into effect on 1 January, 2015 — companies with... Read More
Belfast’s Obel tower — the tallest building in Ireland — has been sold for more than £20m. Part of a mixed-use development, it is thought that as many as 15 individuals and institutions had posted bids for the Donegall Quay site. The exact sale... Read More
The global real estate market will continue to grow hand-in-hand with investment in the sector over the next 16 years with rapid urbanisation and demographic changes in the emerging markets delivering “spectacular returns”. The forecast comes in a... Read More
Property investors can now study a league table of American ski resorts offering the best investment potential. The report — compiled by US property firm Realty Trac— identifies 19 US locations with high quality ski resorts and ranks them according to... Read More
Leading artist Damien Hirst has turned to property development after submitting outline plans for a mixed use scheme to North Devon Council. Hirst is one of the UKs most successful artists whose works, which include a pickled shark and a diamond... Read More
Barclays has launched two Property Index Certificates (PICs). The move is a way to offer wealth managers an efficient and a lower-cost way to gain access to the UK commercial property market. The new PICs will mature in 2015 and 2016. Each one will... Read More
Investment funds are returning to the property market at levels not seen since the before the global financial crisis, according to industry data. They are being drawn back by the prospect of rising yields as the economy edges towards recovery and property... Read More
Dutch pension fund service provider PGGM Private Real Estate Fund has entered into a new venture with IAGM Retail Fund, a subsidiary of Inland American Real Estate Trust. Dallas skyline PGGM's head of private real estate, Guido Verhoef, described the... Read More
