Bridget O’Connell
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Briefing: beware the taper
UK commercial property is set to deliver a total return of 12.1% comprising a 6.2% increase in capital values this year
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Brandeaux digs fund flotation: sink or swim
The strength of the equity markets and investors’ rekindled passion for real estate has created the ideal conditions for listing property vehicles…
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Finance briefs 1 March 2014
St Modwen launches bonds Regeneration firm St Modwen launched a £100m convertible bond with a coupon of 2.9% on 26 February. The bond matures in 2019…
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Lettings surge propels Derwent
Derwent London posted a 20% rise in its NAV in 2013 to £22.64 as the value of its developments and City fringe assets surged thanks to a record year for…
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Citi beefs up lending team
Citi has bolstered its London-based commercial real estate finance team with the appointment of Tom Jackivicz from Morgan Stanley
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£2bn club funds Lone Star buy
Lone Star is financing its purchase of €7bn (£5.2bn) IBRC loans with £2bn of debt from Citi, Wells Fargo and Royal Bank of Canada
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Osprey circles above foodstores
Osprey Equity Partners is exploring options to raise up to £200m of equity for a new foodstore fund.
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RBS shies away from CRE loan exposure
Royal Bank of Scotland shrunk its exposure to commercial real estate loans by more than £10bn last year
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Westfield considers London listing
Westfield may consider listing on the London or New York stock exchange after the proposed restructure of its global business.
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SEGRO posts 6.1% NAV rise
SEGRO has posted a 6.1% rise in net asset value to 312p a share as it continues to reshape its portfolio and build critical mass in its target markets.
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Capco NAV jumps 22%
Capital & Counties has delivered a 22% hike in net asset value to 249p a share, reflecting 20% surge in property values…
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Double-digit returns in 2014: BNP PRE
UK commercial property is forecast to deliver double-digit returns across all sectors in 2014, according to BNP Paribas Real Estate