UK assets return 1.6%
UK commercial property returned 1.6% in May 2014, according to the IPD. Commercial property values rose by 1.1% in May, following 0.8% growth in April – the biggest monthly rise of 2014.
Empiric in £150m issue
Empiric Student Property is looking to raise up to £150m when it floats on the LSE on 30 June. The student housing investor plans to offer up to 150m shares at £1 each.
Merlin plans £1.2bn flotation
Merlin Properties has been given regulatory approval to launch Europe’s largest real estate float with a €1.5bn (£1.2bn) IPO in Spain. Former Brookfield and RREEF boss David Brush will be the chief investment officer.
