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Ajman to launch property sale price index

Posted on 18 October 2010 by Laxman  |  Email |Print

From Emirates247.com: The Ajman Real Estate Regulatory Agency (Arra) is working on compiling a sale price index for properties within the emirate as it works to get investors to swap properties to projects under-construction.
A participant in a real estate workshop held last week by Arra, told Emirates 24|7 that officials asked developers not to be “too greedy and sell their units keeping profit at minimum” in a bid to revive the local realty market……………………………………….Full Article: Source

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BNP Paribas REIM to launch EUR 300mln retail property fund

Posted on 07 October 2010 by Laxman  |  Email |Print

From Propertyeu.info: European fund manager BNP Paribas Real Estate Investment Management is working on a new retail property investment fund for institutional investors. The vehicle, which will have a volume of EUR 300 mln, will focus on retail box properties across Italy.
‘We are in discussions with an industrial group on the transfer of a seed portfolio of retail boxes valued at EUR 300 mln. This means that the fund is already fully invested……………………………………….Full Article: Source

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ING REIM to launch green European Office Fund

Posted on 05 October 2010 by Laxman  |  Email |Print

From Propertyeu.info: ING Real Estate Investment Management, one of the world’s largest asset managers, is working on a European fund for sustainable offices. It will not be the only green fund but its size and approach will make it different, Leo Weidenaar, managing director of the European Office Fund, said in an interview with PropertyEU during Expo Real in Munich.
The biggest problem is obtaining suitable product, Weidenaar said. There are too few developers with buildings that will be ahead of European environmental laws in five to ten years……………………………………….Full Article: Source

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Invesco launches third UK fund for German investors

Posted on 10 September 2010 by Laxman  |  Email |Print

From Propertyeu.info: Invesco Real Estate (IRE), the international cross-border property investment manager, has announced the launch and first closing of a UK real estate fund, its third tactical UK fund investing on behalf of German-speaking institutional investors in UK real estate markets.
The Luxembourg-domiciled fund completed its first closing on 24 August with initial capital of EUR 75 mln (approximately £62 mln) from four German institutional investors……………………………………….Full Article: Source

III-investments launches new funds for German investor

Posted on 07 September 2010 by Laxman  |  Email |Print

From Propertyeu.info: German fund manager iii-investments announced on Monday the launch of new real estate special funds for a German institutional investor with investment target Europe.
‘In the last two years, we have been mandated by institutional investors such as insurance companies, pension funds and pension schemes with asset management mandates for a total amount of more than EUR 1 bn……………………………………….Full Article: Source

Luxembourg Fund Partners to launch high-tech fund for CEE region

Posted on 06 August 2010 by Laxman  |  Email |Print

From IPE: Luxembourg Fund Partners is set to launch a fund focusing on high-tech real estate in central and eastern Europe (CEE).
The Augustan Opportunity Fund Sicav will invest in commercial and technology facilities that service local demand, incorporate “eco-friendliness” and adhere to strict financial criteria……………………………………….Full Article: Source

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Opalesque Exclusive: Reech Aim to launch UCITS version of Iceberg Real Estate Hedge Fund

Posted on 06 August 2010 by Laxman  |  Email |Print

From the Opalesque team: Opalesque has learned that Reech Aim Partners LLP just got the approval by the CSSF - Luxembourg Regulators - to launch a UCITS III onshore version of the Iceberg Real Estate Hedge Fund.
The firm is following a general trend amongst hedge funders, as indeed it seems that most are launching onshore, mutual fund-like versions of their riskier and less regulated offshore funds. This is happening ahead of impending tougher European Union regulations, which should normally not affect the UCITS structure……………………………………….Full Article: Source

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Pirelli RE launches two new funds in Italy

Posted on 04 August 2010 by Laxman  |  Email |Print

From Propertyeu.info: Pirelli RE’s SGR asset management unit has announced the launch of two new real estate funds, Anastasia and Monteverdi, with a combined market value of over EUR 400 mln.
Pirelli RE said that the new launches, taking its total assets to some EUR 6.3 bn, ‘consolidate its leadership in Italy’s real estate fund market’……………………………………….Full Article: Source

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Henderson Global Investors launches German Retail Income Fund

Posted on 02 August 2010 by Laxman  |  Email |Print

From Europe-re.com: Henderson Global Investors has launched the German Retail Income Fund (GRIF), a specialist property fund aimed at German institutional investors. The fund will focus exclusively on German retail parks and self-service department stores.
Investment criteria is for core property, serving large catchment areas, having been recently renovated and let to tenants of high financial standing……………………………………….Full Article: Source

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Rudolf Wolff launches London commercial property fund

Posted on 06 July 2010 by Laxman  |  Email |Print

From Investmentweek.co.uk: Specialist fund management firm Rudolf Wolff has launched a Central London Commercial Property fund aiming to produce a net annual income of up to 7%.
The Luxembourg domiciled Sicav invests in London properties with strong anchor tenants, with the objective of generating both income and capital growth. It has annual targets of between 5% and 7% net income and 15% to 20% total returns. The target maturity of the portfolio is five to seven years……………………………………….Full Article: Source

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CBRE Investors’ Asia-Pacific fund raises $269 mln

Posted on 02 July 2010 by Laxman  |  Email |Print

From Reuters: Property investment management company CB Richard Ellis Investors (CBG.N) said its fund of funds CBRE Asia Alpha Plus Fund (AAP) had raised $269 million at final close, with commitments from 10 institutional investors.
AAP invests mostly in specialist funds with pre-identified asset portfolios in the Asia-Pacific region……………………………………….Full Article: Source

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Temasek unit Mapletree plans two Singapore REITs

Posted on 01 July 2010 by Laxman  |  Email |Print

From Reuters: Mapletree Investments, a real estate firm wholly owned by Singapore state investor Temasek, on Wednesday unveiled plans to list two real estate investment trusts, including an industrial REIT with S$1.73 billion ($1.23 billion) in assets.
Mapletree Industrial Trust, which comprises flatted factories, business parks and warehouses, may list in the second half of 2010, Chief Financial Officer Wong Mun Hoong said at a media briefing……………………………………….Full Article: Source

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LaSalle launches Balanced UK Property Fund

Posted on 30 June 2010 by Laxman  |  Email |Print

From Propertyeu.info: Global investment manager LaSalle has launched the Balanced UK Property Fund for institutional investors. The new investment vehicle is a core open-ended UK property vehicle.
The fund will invest in properties across the office, retail and warehouse market segments and completes LaSalle’s global suite of core, long-term, open-ended funds……………………………………….Full Article: Source

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New property investments from F&C

Posted on 29 June 2010 by Laxman  |  Email |Print

From Investments.co.uk: A new property investment opportunity has been launched by F&C, offering clients the chance to make the most of UK commercial properties .
The F&C UK Property Fund is to be managed by F&C REIT and will be available at a fixed price of 100p per unit until July 23rd……………………………………….Full Article: Source

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Dubai chosen for first real estate exchange in MENA

Posted on 22 June 2010 by Laxman  |  Email |Print

From Khaleejtimes.com: Dubai has been selected for the establishment of the first specialised real estate exchange in the Middle East and North Africa region, or MENA, that will contribute significantly in boosting sustainable development in the region.
The International Real Estate Exchange Group, or IREX, a newly-formed joint venture and the world’s first global real estate securities exchange, will create and operate a regulated securities marketplace for the listing and trading of real estate assets in key financial centres around the world…………………………………………..Full Article: Source

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Global real estate exchange aims to bring market security

Posted on 22 June 2010 by Laxman  |  Email |Print

From Gulfnews.com: The founders of a global real estate security exchange, Saudi Arabian IREX Group and Canadian egX World, believe they would bring liquidity and transparency to the market.
“Willing buyers and sellers will be able to trade in one harmonised environment, which will mitigate the misuse of investment in real estate. At the moment, real estate is the right place for money laundering, it’s the truth,” said Safar Al Harthi, Executive Chairman of IREX Group…………………………………………..Full Article: Source

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Developers in Singapore holding off launching new property projects

Posted on 22 June 2010 by Laxman  |  Email |Print

From Propertywire.com: There are signs that the real estate market in Singapore is slowing with the latest figures showing that developers sold just 1,078 private homes in May, about half the 2,208 units they transacted in April.
There is unlikely to be many new projects coming on the market as developers take stock, according to analysts. But they are not overly worried by the figures as the first few months of 2010 have been beyond expectations…………………………………………..Full Article: Source

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Irish firm launches $500mln US real estate fund

Posted on 08 June 2010 by Laxman  |  Email |Print

From Insideireland.ie: An Irish private equity firm has launched a $500m (€414m) fund with an American real-estate investor. Opportune, along with Fifield Companies, aims to buy “under-valued” multi-family real-estate assets (i.e. apartment complexes or condominiums) in regional US markets which are “poised to recover faster than other markets.”
These will include San Diego, California, Washington DC and Texas…………………………………………Full Article: Source

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Rasmala to launch $100mln realty fund in August

Posted on 07 June 2010 by Laxman  |  Email |Print

From Business24-7.ae: Rasmala Investments, a Dubai-based investment banking firm, will launch a closed-end real estate fund in the range of $75 million (Dh275.25m) and $100 million in August, targeting mid-end residential developments in Saudi Arabia, a top company executive said.
Tamer Bazzari, CEO, Rasmala Investment Bank, said: “The fund will target specific middle-income residential projects in Saudi Arabia with the primary focus being developments in Riyadh. This is where we believe the ’sweet spot’ of real estate investments in Saudi Arabia is, given the demographics and growing population.”………………………………………..Full Article: Source

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Gulf investors launch Jordan Dead Sea property JV

Posted on 26 May 2010 by Laxman  |  Email |Print

From Reuters: Aabar Investments has set up a joint venture with regional investors to build a Hilton managed hotel on Jordan’s Dead Sea waterfront, part of a $1 billion development in the area, shareholders said on Tuesday.
Abu Dhabi-listed Aabar will hold a 45 percent stake in the newly set up Dead Sea Resort Company, while the rest of the stake will be held by Jordan’s Dead Sea Touristic and Real Estate Investment Company, a private holding company, whose largest shareholder is Dubai’s Emaar Properties………………………………………Full Article: Source

Kenedix to establish $110 mln Japan property fund

Posted on 26 May 2010 by Laxman  |  Email |Print

From Reuters: Japanese real estate asset manager Kenedix Inc said on Tuesday that it plans to launch a 10 billion yen ($110.8 million) private fund to invest in Japanese office and commercial buildings, in the latest sign that the country’s property market is picking up.
Kenedix said the new fund, with a five-year management period, would use capital acquired from Korean pension funds seeking stable long-term returns……………………………………….Full Article: Source

Makkah mayor launches real estate price index

Posted on 25 May 2010 by Laxman  |  Email |Print

From Arabnews.com: Makkah Mayor Osama Al-Barr launched a real estate price index system at a major trade exhibition on Sunday. The index will give information on property prices not only in Makkah, but also in other cities in the Kingdom and neighboring countries.
It will also display the volume of trade conducted by various companies participating in the second Makkah Exhibition for Real Estate, Construction and Investment, where the index was launched……………………………………….Full Article: Source

India: ICICI Venture plans real estate fund this month

Posted on 06 May 2010 by Laxman  |  Email |Print

From Business-standard.com: ICICI Venture, the venture capital firm promoted by ICICI Bank, plans to launch a Rs 1,000-crore domestic real estate fund by the end of this month to invest in residential projects in the country, according to sources in the know.
ICICI Venture plans to close the fund in 6-12 months and invest in top five-seven cities. It was also looking to launch an offshore fund by the end of this year, said sources………………………………………Full Article: Source

NBG launches EUR 1bln property investment unit

Posted on 16 April 2010 by Laxman  |  Email |Print

From Propertyeu.info: The National Bank of Greece (NBG) has announced the launch of a new property investment arm which will focus on investment and management of real estate assets.
The new unit, called NBG Pangaea Real Estate Investment Company, is fully owned by NBG and controls a portfolio of 241 commercial properties located in prime urban areas…………………..Full Article: Source

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China introduces 7ft10in by 4ft capsule apartments to solve housing problem

Posted on 16 April 2010 by Laxman  |  Email |Print

From Telegraph: The Chinese have come up with a novel way of enabling young people to get a toe-hold on the increasingly expensive property market.
Tiny rooms, called “capsules”, which measure just 7ft 10in long, 6ft 6in tall and 4ft wide, are being offered on the outskirts of Beijing for as little as £20 a month…………………..Full Article: Source

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New private home price index launched in Singapore

Posted on 25 March 2010 by Laxman  |  Email |Print

From Channelnewsasia.com: There is a new price index indicating the state of the residential property market in Singapore. The Singapore Residential Price Index was developed by the National University of Singapore’s Institute of Real Estate Studies and is the first such index by an academic institution here.

Clues about how residential property prices and sales are doing now come mainly from the Urban Redevelopment Authority. But now, buyers and sellers can rely on another indicator to track property prices monthly…………………………….Full Article: Source

Invesco launches fourth U.S. property fund

Posted on 23 March 2010 by Laxman  |  Email |Print

From Reuters: The real estate arm of global fund manager Invesco has launched a fourth fund investing European institutional capital in repriced U.S. commercial property, after raising $120 million.

The Luxembourg-domiciled fund raised the equity from four institutional investors, including two investors from Germany’s MEAG Munich ERGO AssetManagement gmbh. A first acquisition is expected shortly, Invesco said……………………………….Full Article: Source

CBRE Investors to launch pan-European open-ended fund

Posted on 19 March 2010 by Laxman  |  Email |Print

From Propertyeu.info: CBRE Investors is poised to launch an open-ended fund to invest in core property across Europe. The vehicle, which is believed to target a size of around EUR 400 mln, has already raised equity from a number of pension funds across Europe, including one Nordic and one British investor.

Christine Sonnier, co-director-general of Continental Europe at the company, said the fund will focus on investments in Germany, France and the UK, with the first acquisition expected to be made by the first half of 2010…………………………………Full Article: Source

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Threadneedle and Carbon Trust team up for green property fund

Posted on 19 March 2010 by Laxman  |  Email |Print

From Citywire.co.uk: Threadneedle is to partner with emissions agency the Carbon Trust and property developer Stanhope to invest in low-carbon UK property.

The Threadneedle Low-Carbon Workplace trust is intended to capitalise on tightening environmental restrictions. By 2019 all new buildings are expected to be zero carbon…………………………………Full Article: Source

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US firm to design world’s tallest tower in Saudi

Posted on 18 March 2010 by Laxman  |  Email |Print

From Ameinfo.com: US-based Adrian Smith & Gordon Gill Architecture has been selected by Saudi investment firm Kingdom Holding as the architect for its 1-kilometre-high tower on the outskirts of Jeddah, Meed has reported.
The company has also asked contractors to submit revised prices for the contract to build the record-breaking tower. Dubai-based Emaar Properties is managing the development of the tower for Kingdom Holding………………………………Full Article: Source

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Matrix to launch $300mln GCC property fund to buy distressed Gulf properties

Posted on 15 March 2010 by Laxman  |  Email |Print

From Thenational.ae: Matrix, the UK financial services company, has set up an organisation in the Middle East to raise funds for buying distressed properties in the Gulf.

Matrix Property Middle East, which was formed following Matrix’s takeover of the property group Kenmore Middle East, will initially aim to raise US$300 million (Dh1.1 billion) that will go towards buying industrial, residential and commercial property in the UAE, Qatar and Saudi Arabia…………………………………….Full Article: Source

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World’s second tallest building to open in Saudi

Posted on 10 March 2010 by Laxman  |  Email |Print

From Ameinfo.com: The world’s second tallest building will be opened next August in Saudi Arabia, Meed has reported. The 577-metre Makkah Clock Royal Tower will be 59 metres taller than the 508-metre tall Taipei 101 tower in Taiwan, but 251 metres shorter than the Dubai’s 828-metre tall Burj Khalifa.
Makkah Clock Royal Tower is part of the 4.5 million-square-metre, seven-building Abraaj al-Bayt complex, owned by Riyadh’s Kingdom Holding Co. Kingdom is planning to build an even taller tower as part of its Jeddah Kingdom City development……………………………………..Full Article: Source

Aegon launches UK property fund for pension investors

Posted on 03 March 2010 by Laxman  |  Email |Print

AEGON Asset Management is launching a property fund which aims to provide pension fund investors with attractive returns through the active management of a portfolio of direct UK property investments.

The AEGON Active Value Property Fund, managed by David Wise and Helen Batten, will target properties in the GBP3 to GBP10 million size range, an area largely ignored by many funds, and look to build a balanced portfolio of property from across the UK. The fund is targeted at investment professionals and is suitable for defined benefit and defined contribution pension schemes……………………………………….Full Press Release: Source

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FT launches second Asian real estate fund

Posted on 03 March 2010 by Laxman  |  Email |Print

From Financialstandard.com.au: Franklin Templeton Real Estate Advisors has launched its Asian Real Estate fund 2 after the previous fund by the same name closed with over $420 million from European and Australian investors.

The fund has the same structure as its predecessor - a private closed-end fund that invests in selected private real estate funds in Asia Pacific. The fund will not invest in listed property securities or direct property……………………………………….Full Article: Source

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Egypt’s Naeem aims for property investment float

Posted on 23 February 2010 by Laxman  |  Email |Print

From Reuters: Egyptian investment bank Naeem Holding is setting up a 1 billion Egyptian-pound holding company to control its real estate investments, an executive said on Monday.

Naeem plans to list about 20 percent of the new company on the stock exchange by the end of the year, either through a private placing or a public offering, managing director Mohamed Salem told Reuters………………………Full Article: Source

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Ajman Bank plans to launch realty fund

Posted on 22 February 2010 by Laxman  |  Email |Print

From Business24-7.ae: Shariah-compliant Ajman Bank is planning to launch a real estate fund to buy assets towards the lower side in the UAE, according to its deputy CEO.

Speaking to Emirates Business, Ali E Alshaqoosh Al Mueen, Deputy Chief Executive Officer of Ajman Bank, said the bank is going to get necessary approval to launch a real estate fund from the regulatory body. He added that there were good opportunities in property sector towards the lower side now………………….Full Article: Source

Al Rajhi Capital and Arcapita launch $500 mln real estate fund

Posted on 22 February 2010 by Laxman  |  Email |Print

From Cpifinancial.net: Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia’s Al Rajhi Bank, and Bahrain-based Arcapita Bank have set up a $500 million (SAR 1.875 billion) fund, the ARC Real Estate Income Fund.

The two companies will seed the fund with a joint investment of $50 million (SAR 187 million). They said they will combine their resources and expertise to source and acquire investments for the fund in “high-quality, income-generating” real estate assets in Saudi Arabia and other countries in the GCC………………….Full Article: Source

Montello Private Finance launches the Montello Income Fund

Posted on 11 February 2010 by Laxman  |  Email |Print

London based real estate bridging finance firm, Montello Private Finance, has launched the Montello Income Fund. The Fund will provide investors a return of 8.5% per annum, paid quarterly.
The investment thesis behind the Fund is simple: The property market in the UK has fallen dramatically and is now showing clear signs of stabilising (particularly the residential market which the Fund will focus on).
However, the banks are still not lending freely into the marketplace, and even sound borrowers with good assets are finding that it can take months to obtain finance. MPF provides fast access to capital to these borrowers………………………………..Full Press Release: Source

Apollo forms Asia property fund run by ex-Colony Capital CEO

Posted on 03 February 2010 by Laxman  |  Email |Print

From Bloomberg: Apollo Global Management LLC, the buyout firm run by Leon Black and Joshua Harris, has set up its first Asia real estate fund to be run by Grant Kelley, former chief executive officer of Colony Capital Asia.

The New York-based company said it has established Apollo Global Real Estate Management Asia Pacific Ltd., focusing on property investments in Australia, Japan and South Korea, Apollo said in a statement today. The fund will be run out of Hong Kong…………………………………..Full Article: Source

Cordea Savills launches GBP1bln UK fund

Posted on 25 January 2010 by Laxman  |  Email |Print

From Propertyeu.info: International property fund manager Cordea Savills has launched an open-ended UK commercial property investment vehicle targeting a size of £1 bn (EUR 1.14 bn).
The Cordea Savills UK Income and Growth Fund will invest in prime assets offering secure income streams across the main commercial sectors, including office, retail and industrial………………..Full Article: Source

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Cordea Savills launches UK commercial property fund

Posted on 22 January 2010 by Laxman  |  Email |Print

From Reuters: Cordea Savills, the funds arm of property services firm Savills, said on Friday it has launched the UK Income and Growth Fund to acquire prime assets in Britain’s recovering commercial property market.

The open-ended fund had its first close at end-Dec 2009, raising 70 million pounds ($114 million) from three investors including Aviva Investors, a global multi-manager and a European pension fund, it said in a statement………………………………Full Article: Source

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Baron launches real estate fund

Posted on 08 January 2010 by Laxman  |  Email |Print

Baron Funds today announced the launch of Baron Real Estate Fund. Jeffrey Kolitch, who has served as Baron’s real estate analyst since 2005, will manage the fund. The fund seeks capital appreciation by investing primarily in stocks of U.S. and non-U.S. real estate and real estate-related companies. The Fund may invest up to 25% in securities of foreign issuers not publicly traded in the U.S.
“Real estate investing has always been important element of what we do at Baron Funds. The Baron Real Estate Fund has a larger investment universe than many similar funds, and given the softening of real estate markets, we see excellent opportunities in both commercial and residential real estate stocks and bonds,” says Ron Baron, CEO and Chief Investment Officer of Baron Funds………………………………Full Press Release: Source

World’s tallest skyscraper opens in Dubai

Posted on 05 January 2010 by Laxman  |  Email |Print

From WSJ: The opening Monday of the world’s tallest skyscraper could mark a turning point in Dubai’s fortunes and those of its ruler after a year that saw both come under intense scrutiny.

Sheik Mohammed bin Rashid al Maktoum, the city-state’s 60-year-old hereditary leader, hopes the building and its surrounding $20 billion development will help enhance his reputation among international investors and restore Dubai’s allure as a business hub…………………………………..Full Article: Source

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Dubai opens world’s largest tower partially leased in slump

Posted on 04 January 2010 by Laxman  |  Email |Print

From Businessweek.com: Dubai’s Sheikh Mohammed bin Rashid Al Maktoum will open the world’s tallest tower today. It won’t be the world’s fullest.

The occupancy rate at Burj Dubai may reach 75 percent this year, with office leasing proving the biggest challenge for investors, said Roy Cherry, an analyst at Shuaa Capital PSC. While mainly residential, the 160-story tower will include 37 floors of office and retail space……………………………………Full Article: Source

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Prudential launch real estate investment fund in Mexico

Posted on 02 December 2009 by Laxman  |  Email |Print

From Propertyfundsworld.com: Prudential Real Estate Investors, the real estate investment arm of Prudential Financial, plans to raise MXN6.5bn to launch an investment fund, Prumex Industrial III, in Mexico.
Prudential Real Estate Investors is issuing the fund through capital development notes.The fund will be fully invested over a five-year period……………………………Full Article: Source

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Standard Life to launch pan European property recovery fund

Posted on 27 November 2009 by Laxman  |  Email |Print

From Moneymarketing.co.uk: Standard Life Investments is to launch a closed-ended pan European property recovery vehicle which will have a minimum investment of £50,000.

The property recovery fund will take the structure of a five year limited partnership and will be managed by property fund manager Will Fulton……………………………Full Article: Source

Prudential starts Mexico industrial real estate fund

Posted on 27 November 2009 by Laxman  |  Email |Print

From Reuters: Prudential Financial is launching an investment fund in Mexico to tap opportunities in industrial real estate using a new vehicle aimed at local pension funds.

Prudential wants to raise up to 6.5 billion pesos ($500 million) from local pension funds by the first quarter of next year, Paulo Gomes, research director at Prudential Real Estate Investors in Latin America, or PREI, told Reuters on Thursday……………………………Full Article: Source

NRI tycoon to launch India realty fund

Posted on 25 November 2009 by Laxman  |  Email |Print

From Financialexpress.com: Canada-based NRI billionaire Bob Dhillon is all set to make a foray into India. Dhillon’s Canadian real estate company, Mainstreet Equity, which owns more than 6,000 rental properties across Canada, is likely to set up a billion dollar India-specific real estate fund to mark its entry into the Indian real estate market.

Dhillon has had talks with Haryana chief minister Bhupinder Singh Hooda showing interest in the state’s vast realty market. The CM has also assured that Dhillon would get full support from the state government in case he buys land………………………….Full Article: Source

Hines closes EUR 900mln Italian fund

Posted on 24 November 2009 by Laxman  |  Email |Print

From Propertyeu.info: The Italian fund management arm of US property company Hines has announced the first closing of its Italian Porta Nuova Varesine property fund, which will take control of EUR 900 mln worth of assets in the Italian city of Milan.

The American developer, through its local Varesine joint venture vehicle, said that it has transferred the Varesine redevelopment site to the new fund, receiving in exchange EUR 73.5 mln worth of units in the fund………………………..Full Article: Source

World’s first property derivatives fund to be launched

Posted on 20 November 2009 by Laxman  |  Email |Print

From Propertyweek.com: Three former members of Bank of American’s property derivatives team plan to create the world’s first long-only commercial property derivatives fund.

InProp Capital’s Paul Ogden, Ricardo Pereira and Markus Wolfensberger intend to launch the InProp UK Commercial Property Fund early next year…………………….Full Article: Source

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