Tristan aims to raise €1bn
Tristan Capital Partners is looking for €1bn (£802m) for its fourth opportunistic real estate fund. It is expected to start fund raising next year after taking in €950m (£782m) from 36 investors for its third European fund in February ?this year.
?Hibernia in debut debt deal
Hibernia REIT has entered into its first corporate debt facility, securing €100m (£80m) from Bank of Ireland. The dual Dublin- and London-listed REIT said the three-year revolving credit facility was secured against a corporate-level debenture.
?Sach and Adams to leave RBS
Derek Sach and Aubrey Adams are set to leave the Royal Bank of Scotland following the wind-down of its global restructuring group. The head of GRG and the unit’s head of property, respectively, will exit at the end of March 2015.
?IPD: Values up 1.1% in July
Commercial property values ?in the UK rose by 1.1% in ?July, down on the 1.6% growth seen in June, according to the IPD. UK commercial real estate returned 1.6% for the month, with income return standing at 0.5%.
?Max shareholders OK sale
Max Property Group shareholders have voted in favour of the proposed £447.7m sale of the property business to Blackstone. The private equity firm is buying £673m of assets including £209m of former Industrious properties at a 22% premium to 31 March NAV.
