Record WELPUT trades
Schroders’ West End of London Property Unit Trust saw a record £100m of units traded in the secondary market last year. The high volume of trades in the fund, held by more than 80 investors, reflected demand for central London property.
Omni goes international
Christian Candy-backed Omni Capital has launched an international division to provide residential and commercial loans of up to £250m. Former Eurohypo managing director Dan Smith will manage the business, Omni Capital Structured Finance, which will provide whole loan, junior debt and mezzanine finance.?
Mattioli Woods launches REIT
Pensions and wealth manager Mattioli Woods is launching a £130m REIT called Custodian. An IPO at the end of March aims to raise £50m to invest in commercial property over the next 12 months. It will seed the vehicle with a 48-strong, £100m mixed portfolio.
Hansteen in German refi deal
Hansteen Holdings has refinanced its German portfolio with two loans totalling €343m (£282.5m). Helaba, Natixis, SEB and AXA REIM have provided a €235m five-year facility to refinance a UniCredit loan. And €108m from HSBC has replaced a Lloyds loan.
C&R posts 6% NAV lift
Capital & Regional posted a 6% rise in NAV to 54p a share and returned to the black with a £9.3m profit in 2013. It expects to have refinanced the Mall Fund’s €379m CMBS before its interim results in August.
