Karl Tomusk
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Assets under management drop 13%
The world’s 500 biggest fund managers saw a 13.2% decline in real estate assets under management in 2015, according to research by Willis Towers Watson.
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Intu gets on refi bandwagon with £375m offer
Intu became the latest property company to offer a refinance deal this week with a £375m bond issue.
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Positive cashflow for CBRE
Third quarter UK revenue up by 20% amid lower deal volume
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Cerberus to give evidence in Ireland’s Project Eagle probe
Firm will appear before Ireland’s Public Accounts Committee on 17 November as part of the ongoing investigation into the £1.2bn sale of Nama’s Project Eagle portfolio
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Cerberus buys £2.3bn TSB loan book
Permanent TSB has agreed to sell its remaining £2.3bn UK loan book to Cerberus
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COS Capital launches European office
Chinese investment manager COS Capital has launched a European office with plans to invest up to €1bn (£900m) in European property in the next three years.
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Interview: Forbes on his funds review
Open-ended retail funds’ communication to investors will come under scrutiny as part of a review into this summer’s funds crisis.
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AEW Europe completes merger with Ciloger
AEW Europe has completed its merger with Ciloger, a French real estate fund manager with €5bn (£4.5bn) in assets under management.
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JLL: UK office growth fell 3% after Brexit
UK office capital and rental growth both fell 3% in the third quarter as commercial property registered the effects of the referendum, according to JLL’s latest UK Property Index.
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Blackstone grows property portfolio by 9% in Q3
Blackstone invested or committed $4.1bn (£3.4bn) in real estate in the third quarter, according to its latest results.
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Bearman named Situs chief executive
Global real estate adviser Situs has appointed Christian Bearman as chief executive of Situs Europe.
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CBRE boosts UK revenue despite falling transactions
CBRE’s UK revenue grew 20% in its Q3 results compared to the same period last year, despite a market slowdown.