Real estate funds news & headlines
Latest breaking stories, features and analysis
- Private equity giant Blackstone detailed a new green initiative.
- All assets and companies Blackstone acquires will be subject to a 15% carbon reduction in three years.
- Green investments can be costly but generate hundreds of millions of dollars worth of cost savings.
Latest Real estate funds news
The outbreak of the deadly Coronavirus has dealt a major blow to the global economy. Some of the most effective measures put in place to curb the virus spread include social distancing, which is awful news to mall owners with real estate investment trusts (REITs) in their portfolios. Businesses are already shifting online and closing brick and mortar locations in malls, thanks to a strained economy. But even before the Covid-19 pandemic, malls ha...
Research by property consultancy firm Knight Frank shows that about 520,000 house sales are set to be lost this year in the UK, following a government directive that froze the housing market after the Coronavirus outbreak. According to the real estate firm, the 38% drop in house sales during the year is set to have a ripple effect across the sector, hitting retailers and even government coffers. If the social distancing directive by government st...
Whichever way you choose to look at it, real estate activities materially impact the climate. A study by Global Alliance for Building and Construction shows that building and construction activities account for about 40% of energy-related carbon dioxide emissions, and are also responsible for more than a third of energy use globally. Frequent changes in climatic conditions are resulting in extreme weather patterns that ultimately impact real esta...
A real estate investment trust yesterday reported that despite the economic and political instability in the region, UK rental rates have risen over the past year. Real Estate Investors PLC said that contracted rents increased to £17.7 million or by 3.9% in 2019. The trust, which boasts of a portfolio of about 1.6 million square feet of commercial property, renewed nine leases in the past year and closed 44 new lettings. “Despite high...
In recent times, different real estate predictions from various experts on cities such as Boston and Washington show a thriving sector occasioned by tight inventory and low-interest rates. While property price increments have stalled in these cities, their demand and prices continue to stabilise.But when it comes to the overall US real estate outlook, statistics are less pleasant: most urban areas have seen home value growth decline to 2015 level...
The UK property market is expecting a short-term improvement in sentiment following last week’s massive win by the Conservancy party, enabling Prime Minister Boris Johnson to retain his seat in a tightly-contested election. However, fund managers are still concerned about the fate of the property market beyond next year.CEO of AEW, Rob Wilkinson expressed his concerns saying: “A Tory majority is the most positive or benign outcome for...
Boris Johnson’s landslide win on Thursday triggered the pound to hit a 12-month high, within the first 20 minutes of the Prime Minister’s victory. Financial markets are responding to the pro-business Conservative Party victory and the coming to an of the dramatisation of Brexit. Analysts and savvy investors predicted a surged market after the election, and true to that, the real estate sector is beginning to recede. The property marke...
If you’ve been in the property industry for long enough, chances are you’ve interacted with several real estate agents. Agents provide prospective clients with useful information to enable them to make a buy or rent decision. But the agents are sometimes reluctant to provide certain information, but it is not their fault. Property brokers and agents operate in a highly-regulated space, and as such, they can only disclose so much to th...
The United Kingdom’s opposition party, the Labour Party, has promised to broaden the tax base imposed on foreign trusts and companies looking to invest in the UK. This is part of the party’s long-term tax strategy, and it looks to impose a tax purchase charge on all properties bought by foreigners, in addition to the current surcharges and stamp duties. According to Shadow chancellor John McDonnell, the revenue is necessary to “...
Back in the days, Eitan Eldar was considered one of the most renowned leaders in the Israeli capital markets. He had stakes in companies all around the world and was also ranked among the world’s smartest financiers. However, down the road, Mr. Eldar suffered a serious financial setback that wiped out nearly all his fortune. But a few years ago, he made a come back as a broker and a developer of London’s property market. Having moved...
Picture this – Waking up in a high-rise penthouse facing the Red Sea, with a giant artificial moon that live-streams images from outer space hanging from up. If you need to head somewhere, you order for an automated flying taxi to transport you as it genetically modifies your organs to make you stronger. And by the time you get home, the robot assistants have cleaned up the place and made you one of your favorite dishes. Then, later on, you...
Immo Investment Technologies, a real estate fintech company that buys properties on behalf of buy-to-let investors has just closed an €11-million Series A funding. The round was backed by HV Holtzbrinck Ventures and Talis Capital, alongside Mato Peric, Tom Stafford and Rahul Mehta of DST Global, plus a few other firms. Other than that round, TechCrunch learnt that the fintech company also raised €60 million in real estate “b...
There’s no doubt that Harry Macklowe is a big name in the US real estate sector. Back in 2007, the developer owned some of the United States’ most iconic properties including one of Steve Jobs-designed Apple stores and a GM Building in Central Park. During the same year, Macklowe had just sealed a $7-billion deal that saw him acquire seven skyscrapers at the heart of New York City. But what the public did not know is that he also had...
A reverse mortgage works by allowing homeowners age 62 and older to borrow from their home’s equity without having to make monthly mortgage payments.
Shell’s disposals continue with Saudi Arabia joint venture
Open-ended property funds are hit by the fallout from Brexit, but this could be the right time to invest directly in property.