Bridget O’Connell
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JLL yields finish on 5.5%
The Jones Lang LaSalle prime average weighted yield finished 2011 at 5.5% after moving in by just seven basis points over the year.
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Thaker to depart Pfandbriefbank
Harin Thaker, head of real estate finance international at Deutsche Pfandbriefbank, is to leave the bank after more than 20 years.
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Nama announces loan advisory panel
Agents CBRE, Cushman & Wakefield, JLL and Savills have been appointed to advise Nama on European loan sales
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PwC report recommends greater supervision of property funds
Greater supervision of property funds would help to minimise conflicts of interest
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Propinvest sells off jet in debt scramble
One of the firms in Glenn Maud’s £4.5bn Propinvest empire has been forced to sell a private jet to reduce debts of £20m.
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Morgan Stanley fund secures year extension – but at a price
Morgan Stanley has won an investment extension for its mega-fund after agreeing a compromise with investors.
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citizenM beds down in Smithfield
Fast-growing Dutch hotel chain citizenM has secured its third London site in as many years.
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Crunch time for opportunity funds
Opportunity funds’ investment periods will soon expire. Bridget O’Connell finds out who is still sitting on piles of cash, and who has successfully invested
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Barratt predicts profit rise
Barratt Developments has said it expects its operating profit to rise by around 40% to £61m in the first half.
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Gary Davis is new Malmaison chief
MWB Group has appointed Gary Davis as the new chief executive of its Malmaison and Hotel du Vin hotels business
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WELPUT adds £85m Metlife loan
Schroder’s and Grafton Advisor’s WELPUT has added an £85m loan from Metlife to its credit facilities.
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BL refinances in Spain
British Land’s Pillar Retail Europark Fund has completed a €61m refinancing of two retail and leisure parks in Spain.