Karl Tomusk
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OSIM and GIC launch third UK fund
Orchard Street Investment Management and GIC have launched their third UK commercial property fund.
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Kennedy Wilson buys back £50m shares
Kennedy Wilson Europe has bought £50.1m of shares in its £100m buyback scheme, according to its third-quarter update.
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Lending volumes reverse Brexit slump
Net lending to UK commercial real estate rose by £474m in September, making up for post-referendum losses, figures from Capital Economics show.
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Appeals cost councils £12m
Local councils have been forced to pay out a total of £12m after losing planning appeals since 2010, new figures show.
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Chinese investors bullish on UK
Chinese investors have reaffirmed their confidence in UK real estate in the latest Cushman & Wakefield Chinese Outbound Investor Intentions Survey
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Report finds London real estate among the least attractive prospects in Europe
London’s real estate prospects for 2017 are among the least attractive in major European cities, according to PwC’s Emerging Trends in Real Estate report.
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Revenue grows for JLL’s EMEA business
JLL’s EMEA business saw year-on-year revenue growth of 28% to $523m (£424m), although shrinking capital markets and leasing volumes led to a sharp drop in operating income.
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Record profits for Montagu Evans
Montagu Evans has reported record profits of £24m in its annual results – a 6% rise from last year.
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Situs buys Hatfield Philips
Situs has bought Hatfield Philips International from Starwood to become the biggest loan servicing and NPL management firm in Europe.
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Cromwell and Valad launch Euro fund
Cromwell Property Group and Valad Europe have launched a €2bn (£1.8bn) fund targeting core European cities
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New chief exec at Pradera
Retail fund and asset manager Pradera has appointed David Fletcher as chief executive.
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London prime house prices down
London’s prime house prices fell by 2.1% in the year to September, according to Knight Frank’s latest Prime Global Cities Index