Karl Tomusk
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Family funds eye hotels
A group of UK and Middle Eastern family wealth funds has made a $1.3bn (£991m) bid for Grosvenor House, W1, and other hotels in the Sahara Group portfolio
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AEW adds €400m to sheds fund
AEW has raised another €400m for its European shed fund LOGISTIS, bringing its total equity to €1.7bn.
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TH RE raises €500m for European cities fund
TH Real Estate has raised €500m in the first close of its European Cities Fund.
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CBRE makes two appointments
CBRE Global Investors has appointed Bas Tiemstra as the firm’s first director of investment operations EMEA
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Funds ease off redemption penalties as conditions normalise
Legal & General and Aberdeen Asset Management have lowered the discount applied to investors wanting to exit their open-ended UK property funds.
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Grainger and APG create UK’s largest resi rental REIT
Grainger and APG have launched GRIP REIT, the UK’s largest residential rental REIT
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Grafton buy secures WELPUT
Grafton Advisors says it will be in a better position to continue the long-term asset management of the £1.3bn West End of London Property Unit Trust, after being acquired by…
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Finance news in brief
The week’s finance news in brief
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Why graduates like Barratt
The best graduate employers know how to motivate and reward talent. In return they get loyalty and commitment. So what’s the magic formula? Karl Tomusk reports
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Inland Homes profits lower than forecast
Profits for Inland Homes are expected to be “marginally lower than the market forecast”, with completions down nearly 41%
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Midtown market can withstand Brexit
Research suggests London’s Midtown office market will be able to withstand the impact of Brexit thanks to its diversity and broad base
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Bridges Alternatives Fund IV raises £168m
Bridges Ventures has raised an initial £168m in its latest UK sustainable and social developments fund