Prupim’s Improver portfolio yields results
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Prupim, the real estate investment arm of Prudential, has revealed some initial results of its experimental Improver portfolio.
People news:
Wilson Lee surfaces at ING Real Estate
ProLogis European Properties appoints chief executive
CB Richard Ellis hires head of European strategy
Morgan Stanley brings in Goldman’s Stecher
Citi taps global head of real estate
UK property derivatives: Buying opportunity
‘Exaggerated view’ in property index provides buying opportunity.
Deal architect - rights issues: Mortgage lenders hunt around for recapitalization cash
With UK lenders RBS, HBOS and Bradford & Bingley in the market with rights issues totalling more than £16 billion ($31.5 billion) as Liquid Real Estate went to press, and intense speculation that Barclays Bank and others might soon follow suit in order to shore up their capital adequacy, recapitalization looks set to become the financial trend of the season for UK mortgage lending banks.
Mexico’s Hipotecaria Vertice, a mid-sized real estate lender, is set to offer green mortgages. The new product, aimed at lower-income borrowers, offers homebuyers incentives to opt for properties with eco-friendly features in return for interest-rate savings.
Aberdeen Asset Management has acquired UK-based Goodman Property Investors from the Goodman Group for approximately €114 million.
Lehman, Goldman pair for Hong Kong option
Lehman Brothers and Goldman Sachs have executed what is thought to be the first long-dated Asian property derivative option.
Sal Oppenheim bets on property recovery
With headlines about real estate ever more gloomy, it might be reassuring for market participants to observe that Europe’s largest private bank, Sal Oppenheim, is positioning itself for a recovery.
Morgan Stanley slims down property derivatives
Meinl restructuring sparks share dilution fears
Embattled Austrian property company Meinl European Land’s restructuring plans could bring an unwelcome dilutive effect on its shares.
EuroHypo launches social networking site
First there was MySpace, then Facebook. Now EuroHypo has rolled out a social networking site for real estate professionals.
Private equity players size up India
As the market for big initial public offerings dries up, Indian real estate increasingly is becoming the preserve of the private equity industry.
Euromoney's Liquid real estate examines the historic changes taking place in property, including the deals and deal-makers in structured real estate. Liquid analyses deals; covers the industry sectors; looks at REITS; invites guest articles; profiles deal makers and their companies, including private equity firms and funds; publishes CMBS, RMBS, loan, derivative league tables; features new markets and regions; challenges the real estate industry and publishes guides. Issue 06 will be published in July.
As well as interviews with the biggest names in real estate finance, every edition of Liquid Real Estate includes:
Deal architect: a look inside the workings of some of the most interesting deals in the market
Building blocks: news examining the latest deals and market trends
Moving on: who's moving where in global real estate
Foundations: unique data and analysis on the numbers and themes behind global property markets
Eco-friendly real estate: Financing the cities of the future
Euromoney Liquid real estate Issue 05
The global real estate industry is on the brink of a green revolution. Will the cities of the future be built to be greener, creating a parallel universe of green financing instruments?