Bridget O’Connell
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Nationwide cuts off lending to new customers
Bank closes its books to new property borrowers
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UK values forecast to fall 5.9% in 2012 downgrade
New research from analysts at JP Morgan Cazenove, led by Harm Meijer and Osmaan Malik, shows weakening forecasts for UK and European property.
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LandSec sells Eland House for £170m
Land Securities has sold one of its major Victoria properties, Eland House, to Tishman Speyer for around £170m
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Unlisted funds return 7.1%
Unlisted property funds outperformed equities and property REITs in 2011.
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Lone Star acquires 50% stake in Excalibur
Lone Star has bought a 50% stake in the €1.8bn Excalibur portfolio from the Bundesbank.
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Grosvenor expands Swedish presence
Grosvenor Fund Management has opened an office in Stockholm and added two recruits to its Swedish team.
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Tishman in £93m loan workout talks
Tishman Speyer is in talks over the workout of a £93m loan secured against two Midtown offices.
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Picton expands at Angel Gate
Picton Property Income has bought two more buildings at Angel Gate Office Village, City Road, EC1.
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Le Méridien hosts debt extension
Host Hotels & Resorts has secured a one-year extension for a £32m securitised loan secured on the Le Méridien Piccadilly.
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Palmer targets Asian cash with Hong Kong launch
Far eastern mandate adds to firm’s growing £800m fund management arm.
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Secondary slowdown continues into 2012
Secondary shopping centres and shops are still bearing the brunt of softening yields.
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CBRE: capital growth 1.9%
Property values increased by just 1.9% in 2011 – compared with 8.9% the previous year – according to CBRE.