Mike Cobb
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Shaftesbury rejects Tak Lee offer
Shaftesbury’s board has rebuffed Samuel Tak Lee’s offer to purchase a stake for 888p per share, citing the higher trading price of the company
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Prologis funds boost
Prologis increased its funds from operations 12% year-on-year to $274m (£176m) in the second quarter of 2015, according to the US-based industrial giant’s latest results.
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Rents up 1.6% in second quarter
Rents have risen by 1.6% over the past three months across the commercial property sector.
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Darkins to retire from TH Real Estate
Chief executive to retire after 30 years in the industry
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Tristan fund scoops €1.5bn
Tristan Capital has completed a first and final close of €1.5bn (£1bn) for its latest fund.
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Oxley to pay £50m for 20% stake in Galliard
Singaporean developer Oxley Holdings is to buy a 20% stake in house builder Galliard Group for £50m.
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Tak Lee hopes to get lucky with 888p Shaftesbury offer
Hong Kong investor Samuel Tak Lee has tabled an offer to buy nearly £230m of shares in the West End property company Shaftesbury.
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Finance news in brief – 18 July 2015
UK commercial property total returns were 1.4% in June, according to the MSCI IPD Monthly Index.
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90 North secures Sharia-compliant UK policy
90 North has secured the first Sharia-compliant UK insurance policy to cover its UK portfolio.
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Valad appoints new CFO
Valad Europe has appointed Claire Treacy chief financial officer following the departure of Fraser Kennedy to Kennedy Wilson Europe
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Barwood closes UK growth fund
Barwood has closed its UK regional property growth fund with commitments of £100m
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Dragonfly completes record number of loans in H1
Dragonfly Property Finance has completed on a record number of loans in the first half of 2015