Bridget O’Connell
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IPD: Values fall 0.7% in Q1 as retail drags
UK property values fell by 0.7% in the first quarter of this year with “the inertia set to continue until there is some good news”
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Queensgate launches debut fund
Former London & Regional director Jason Kow has launched a £1bn fund to buy UK and European real estate.
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Hammerson bond plan wins favour
Hammerson’s shares jumped 8p following the announcement that it was to buy back €200m of bonds in a move welcomed by analysts.
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JLL linked to €1bn Irish portfolio
Ulster Bank is poised to appoint Jones Lang LaSalle to sell a €1bn portfolio of Irish property loans
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Secondary can be a sanctuary
Actively managed secondary properties can offer a lower-risk investment
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Grosvenor eyes more fund growth
Grosvenor is expecting further growth in its fund management business this year following a 9% boost to AUM
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GIC and Orchard Street in £200m second venture
GIC Real Estate has teamed up with Orchard Street Investment Management to launch a second special situations fund.
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Nama on track for €200m profit
Ireland’s National Asset Management Agency is expected to make a profit of €200m in 2011 after write-downs of €810m
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Invista aims to return more money to shareholders
Invista Real Estate Investment Trust said it is continuing to pursue its winding-down process, and hopes to return more money to shareholders this year
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MedicX in Bath development deal
MedicX Healthfund has entered into an agreement for the development of a £6.95m, 65-bed care home complex at Box, near Bath
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Grosvenor backs IO launch
The Duke of Westminster’s Grosvenor has provided funding for the relaunch of industrial entrepreneur John Sims’ investment vehicle
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Patron/TPG win Uni-Invest bid
Private equity firms Patron and TPG are to take control of troubled Dutch property company Uni-Invest in a test case for debt workout