Jonathan Brasse
Speymill, the AIM-listed real estate fund manager and contractor, has resumed trading on London’s junior stock exchange following a nearly three-month share suspension. Meanwhile rival AIM-listed fund, Macau Property Opportunity Fund, reports a fall in the value of its portfolio and the securing of its first loan.
Norway’s ministry of finance has signalled its intention to delay its real estate investment plans as global market conditions continue to deteriorate. The €267bn pension has allocated 5% to real estate, but said it will not impose a 'fixed investment plan' in the current environment.
In its latest research report released today, UBS Global Asset Management said emerging real estate markets such as China and India will still provide more growth for investors than their established counterparts.
UK listed fund management group, Invista Real Estate Investment Management, has completed a fund platform acquisition in Asia as part of its strategy to expand in the region.
The privately held investment company focused on real estate related businesses operating outside of the US, has reduced its stake in BR Malls in order to pay down debt used in its original investment in the company.
VinaCapital, the Vietnamese asset management, banking and real estate consultancy, is putting the finishing touches on its second dedicated property fund. The fund will be fully privately funded, unlike the firm's first opportunity fund.
ING Real Estate Select has appointed Ivo de Wit as global portfolio manager to cope with “new global business” across its multi-manager platform. de Wit previously held the same position within the global executive team at ING Real Estate.
The $850m police and fire pension fund aims to take advantage of discounted US property prices by increasing its allocation to the sector from 10 percent to 20 percent. In submitting a bill to Florida lawmakers, Jacksonville hopes to grow its real estate portfolio to $170m.
Cleveland based private equity firm Resilience Capital Partners has appointed Stanley Shashoua as managing partner of its real estate fund.
The Washington DC-based private equity firm is reportedly on course to close its $1bn Carlyle Asia Real Estate Partners II fund in the second half of the year. It has raised $500m to date according to reports.