Mike Cobb
-
Capita appoints finance pair
FINANCE: Services giant Capita has broken into the real estate finance market with the appointment of two industry veterans to its lending team
-
Aberdeen makes Asia-Pacific hire
Aberdeen Asset Management has beefed up its direct property team with the recruitment of William Shaw to the Asia Pacific region.
-
New funding’s a snip as BL clips Britannia
British Land this week announced it had secured £485m of new banking facilities as it unveiled a new look for its Britannia logo.
-
Carlyle nabs Blackstone’s Stoll for Euro role
Carlyle has appointed Peter Stoll from Blackstone to head its European real estate funds business two years after the departure of Robert Hodges and Eric Sasson.
-
Pastures Green for Vernon & Gunne’s Irish REIT
Green REIT is preparing to kick off an ambitious development programme after fully investing the €710m (£519m) it has raised from shareholders since listing in 2013.
-
DevSec boss Marx to step down
Michael Marx is to step down as chief executive of Development Securities in July following the group’s AGM.
-
Intu profits jump 65%
Shopping centre specialist intu Properties has reported overall profits of £600m for the full year 2014, up 65% from £364m in 2013.
-
RBS reduces NPL exposure
Royal Bank of Scotland reduced its bad bank’s commercial real estate portfolio in 2014 to £12.6bn
-
Lloyds Banking Group cuts £6bn off CRE exposure
Lloyds Banking Group cut £6.2bn off its commercial real estate exposure through 2014 with the run-off book slashed by more than half to £3.3bn, according to the company’s end-of-year results.
-
Redefine REIT to raise equity capital
Redefine International REIT is to place more than 131 million shares after utilising most of its cash balances
-
CapCo toasts 25% NAV rise
Capital & Counties saw its net asset value increase by almost 25% from 249p to 311p per share in 2014
-
Morgan Stanley AIP raises $500m
FINANCE: Morgan Stanley Alternative Investment Partners has raised more than $500m (£323m) for its real estate fund-of-funds