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Publication: Property Funds World

First reported 12 hours ago - Updated 12 hours ago - 1 reports

MPG Office Trust completes sale of US Bank Tower in LA

MPG Office Trust has completed the sale of US Bank Tower and the Westlawn Garage, each located in Downtown Los Angeles, California, to Beringia Central, an indirect wholly owned subsidiary of Overseas Union Enterprise Limited.The purchase price was U ... [Published Property Funds World - 12 hours ago]

Entities: MPG Office Trust Inc, Overseas Union Enterprise Ltd, Los Angeles

First reported 15 hours ago - Updated 15 hours ago - 1 reports

Monmouth acquires 103,402 sq ft Virginia industrial building

Monmouth Real Estate Investment Corporation has acquired a new built-to-suit 103,402 square foot industrial building located at 1935 Blue Hills Drive, Roanoke, Virginia at a purchase price of USD10,200,000.The property is net-leased for 10 years to FedEx ... [Published Property Funds World - 15 hours ago]

Entities: FedEx Ground, Monmouth Real Estate Investment Corp, Roanoke (Virginia, United States), Property

First reported 18 hours ago - Updated 18 hours ago - 1 reports

Crowne Plaza

Rockwood Real Estate Advisors sells Crowne Plaza Hotel in Colorado Springs

Rockwood Real Estate Advisors has arranged the sale of the 500-room Crowne Plaza Hotel located in Colorado Springs at Exit 138 of Interstate-25, just south of downtown.David Buddemeyer, receiver, sold the hotel to 513 Hotels for an undisclosed amount ... [Published Property Funds World - 18 hours ago]

Entities: Crowne Plaza, Colorado Springs, Real Estate, Cheyenne Mountain Air Station

First reported 22 hours ago - Updated 22 hours ago - 1 reports

Union Group attracts strategic investment from Dundee Corporation

Union Group, an investor in real assets in emerging Latin American countries, has sold a 25 per cent stake in the company to Dundee Corporation, a Canadian investment house. Unions platform of local operational and financial capability, and its international ... [Published Property Funds World - 22 hours ago]

Entities: Dundee Corporation, Portfolio Companies, Value Creation, Paraguay

First reported Jun 18 2013 - Updated Jun 18 2013 - 1 reports

Ball Corporation

KBS Strategic Opportunity REIT purchases USD86m Denver office complex

KBS Strategic Opportunity REIT, a public non-traded real estate investment trust based in Newport Beach, California, has purchased the Westmoor Center, a six-building, Class-A office complex totalling 612,890 square feet in the Denver submarket of Westminster, ... [Published Property Funds World - Jun 18 2013]

Entities: Peter Bren, Keith Hall, Datalogix, Ball Corporation

First reported Jun 18 2013 - Updated Jun 18 2013 - 1 reports

Law Society of Scotland to consult on conflict of interest rule change in property lending

The Law Society of Scotland is to consult with solicitors, lenders and consumer interest groups on proposals to change its rules on conflict of interest in property transactions.Currently, a single solicitor can carry out work for a client wishing to ... [Published Property Funds World - Jun 18 2013]

Entities: Law Society, Property, Scotland

First reported Jun 18 2013 - Updated Jun 18 2013 - 1 reports

Aberdeen Asset Management Plc

Clients of Aberdeen Asset Management to purchase LXB assets

Clients of Aberdeen Asset Management have agreed to purchase the majority of LXB Retail Properties interests in the Royal Borough of Greenwich.The transaction relates to the forward funding of a Sainsburys and a Marks & Spencer store, the freehold purchase ... [Published Property Funds World - Jun 18 2013]

Entities: Aberdeen Asset Management Plc, Marks & Spencer Group Plc, J Sainsbury PLC

First reported Jun 17 2013 - Updated Jun 18 2013 - 1 reports

Pluto Finance boosts housing sector with launch of GBP250m lending business

Pluto Finance, the residential development lender, has launched a new GBP250m business which will provide finance for housing developments in London and the south east of England.The move represents a significant injection of capital into a sector, which ... [Published Property Funds World - Jun 17 2013]

Entities: Chris Philp, Tolerance, London, Framework, Institutional Investors

First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

UK property values grow for first time in 18 months, says IPD

UK commercial property values grew for the first time in 18 months in May, as sentiment and occupier demand continued to improve in the UK property market.According to the IPD UK Monthly Property Index, the fractional capital growth, of just 0.01 per ... [Published Property Funds World - Jun 17 2013]

Entities: United Kingdom, Property, Declination, MSCI UK

First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

VPS acquires Vacman

VPS, the largest vacant property specialist in the UK and Europe, has acquired Vacman, a Scottish provider of property clearing and cleaning services. We are delighted to add Vacman into our growing business in Scotland. says Paul Chamberlain, managing ... [Published Property Funds World - Jun 17 2013]

Entities: Protel, Paul Chamberlain, Property, Scotland

First reported Jun 17 2013 - Updated Jun 17 2013 - 1 reports

Unite completes placing of 16 million new ordinary shares

The Unite Group, a UK developer and manager of student accommodation, has completed a placing of 16 million new ordinary shares of 25 pence each.The shares have been placed by JP Morgan Securities and Numis Securities at a price of 320 pence per placing ... [Published Property Funds World - Jun 17 2013]

Entities: UNITE Group plc, Stocks, Admission, Numis Securities Ltd, JPMorgan Securities LLC

First reported Jun 14 2013 - Updated Jun 14 2013 - 1 reports

Picton signs two new occupiers at Queens House, Glasgow

Picton, the income focused property investment company, has signed two new occupiers at Queens House, 19/29 St Vincent Place, Glasgow.Retail asset management specialist Cogent has relocated from St Vincent Street to a 1,150 sq ft office on the fifth floor ... [Published Property Funds World - Jun 14 2013]

Entities: Glasgow, Cogent Inc, Environ, Analog Devices Inc, CMA CGM SA

Quotes

Michael P Landy, president and CEO, says: "We are very pleased to announce the acquisition of this new distribution centre for FedEx Ground. This property is ideally situated near the Roanoke Regional Airport and Interstate 81. Roanoke's economy enjoys an excellent transportation infrastructure and favourable business climate. This increases our portfolio to seventy-four properties, containing 9.3 million square feet of gross leasable area, strategically situated across 26 states."

Monmouth acquires 103,402 sq ft Virginia industrial building [Published Property Funds World - 15 hours ago]

...Manish Chande, senior partner at Clearbell Capital, says: "In the face of relentless demand for quality new build homes in many parts of the south east, access to funding remains the key sticking point for developers, even for some of the most established and successful firms. This new offering will provide more capital than is ordinarily available to home-builders, allowing stalled projects to get off the ground and stimulate new developments. Figures released last month by the Home Builders Federation showed that there was a 10.5 per cent year-on-year increase in the number of planning approvals for new homes in the UK - 40,633 dwelling permissions were granted in the first quarter of this year, compared with the 36,761 granted in the first quarter of last year. It was the highest quarter one figure recorded for five years, but was still well short of the 55,000 quarterly permissions required on average to meet housing need or the 54,500 that were being granted on average during 2006/07."

Pluto Finance boosts housing sector with launch of GBP250m lending business [Published Property Funds World - Jun 17 2013]

Jason Fox (pictured), WP Carey managing director and co-head of global investments, says: "This acquisition represented the opportunity to invest in an attractive real estate asset leased to a credit rated tenant on a long term basis. With an A- rating from A M Best and a BBBpi credit rating from Standard & Poor's, Arbella has a solid financial profile. Combined with the building's convenient location, easy accessibility and upscale amenities, the investment is consistent with our strategy of generating stable cash flow and long term value for our stockholders."

WP Carey acquires Arbella corporate HQ facility near Boston [Published Property Funds World - Jun 13 2013]

..."Edge recognised the growth potential of this market due to its proximity to the Bakken Shale Formation," says Jeff Walker, a principal at Edge. "The Kirkwood Mall represented an opportunity for us to benefit from that growth while simultaneously owning a high-quality asset." The property is well occupied and has enjoyed strong revenue growth in recent years...

Edge partnership sells Kirkwood Mall to public REIT [Published Property Funds World - Jun 12 2013]

More Content

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23rd Annual FundForum International 2013 [Published Property Funds World - 6 hours ago]
MPG Office Trust completes sale of US Bank Towe... [Published Property Funds World - 12 hours ago]
Monmouth acquires 103,402 sq ft Virginia indust... [Published Property Funds World - 15 hours ago]
Rockwood Real Estate Advisors sells Crowne Plaz... [Published Property Funds World - 18 hours ago]
Union Group attracts strategic investment from ... [Published Property Funds World - 22 hours ago]
Law Society of Scotland to consult on conflict ... [Published Property Funds World - Jun 18 2013]
KBS Strategic Opportunity REIT purchases USD86m... [Published Property Funds World - Jun 18 2013]
Clients of Aberdeen Asset Management to purchas... [Published Property Funds World - Jun 18 2013]
VPS acquires Vacman [Published Property Funds World - Jun 17 2013]
UK property values grow for first time in 18 mo... [Published Property Funds World - Jun 17 2013]
Pluto Finance boosts housing sector with launch... [Published Property Funds World - Jun 17 2013]
Unite completes placing of 16 million new ordin... [Published Property Funds World - Jun 17 2013]
Preparing for the AIFMD [Published Property Funds World - Jun 17 2013]
Picton signs two new occupiers at Queens House,... [Published Property Funds World - Jun 14 2013]
Unite places 16 million new ordinary shares [Published Property Funds World - Jun 14 2013]
Persimmon and Travis Perkins to join FTSE 100 I... [Published Property Funds World - Jun 13 2013]
WP Carey acquires Arbella corporate HQ facility... [Published Property Funds World - Jun 13 2013]
EU lags behind on global performance standards,... [Published Property Funds World - Jun 13 2013]
Understanding Derivatives [Published Property Funds World - Jun 13 2013]
Dolphin reports Q1 NAV of EUR698m [Published Property Funds World - Jun 12 2013]
Property manager Capera launches with Corestate... [Published Property Funds World - Jun 12 2013]
Edge partnership sells Kirkwood Mall to public ... [Published Property Funds World - Jun 12 2013]
Aviva Investors’ Lime Property Fund reaches GBP... [Published Property Funds World - Jun 12 2013]
Charities Property Fund buys four car showrooms [Published Property Funds World - Jun 11 2013]
PREI adds Michael Gallagher as portfolio manage... [Published Property Funds World - Jun 11 2013]
Regional real estate investment volumes up 50.2... [Published Property Funds World - Jun 11 2013]
Dominion Corporate Group rebranded as Crestbridge [Published Property Funds World - Jun 11 2013]
Aberdeen appoints Ville Raitio as director, pro... [Published Property Funds World - Jun 10 2013]
FATCA Implementation Summit [Published Property Funds World - Jun 10 2013]
Resource Real Estate Opportunity REIT increases... [Published Property Funds World - Jun 10 2013]