REIT Update: Share Prices since Brexit

The major Real Estate Investment Trusts (REITS) have seen their stock prices fall since Brexit. Taking a weighted average by market cap, FTSE 350 REITS have fallen 9.2% from 23rd June 2016 to 9th March 2017. By Comparison, the FTSE 100 and FTSE 250 rose by 15.4% and 9.0% respectively over the same period – while […]

The Shard: A Monument to Remember Irvine Sellar

 Irvine Sellar, via the-shard.com Irvine Sellar, one of London’s most notable developers, died on Sunday after a short illness at the age of 82. Raised by a glove shopkeeper in the East End of London before dropping out of school and going on to found fashion and real estate companies including Sellar Property Group. The group […]

5 Of The Largest Commercial Property Sales of The Year So Far

Rathbone Square £435m || 419,700sqft || 4.25% Yield Rathbone Square, via burofour.com The most expensive sale of 2017 so far saw Great Portland Estates sell the freehold of Rathbone Square in Fitzrovia. The mixed-use development, which is due to complete in March this year, was sold to Rathbone Place Jersey Limited – an entity owned by Gesellschaft […]

Azerbaijan Sovereign Wealth Fund acquires £177million Office Site in Prime Central London: St James, SW1

The State Oil Fund of Azerbaijan (also known as SOFAZ) has bought 78 St James’s Street, SW1,  for £177.35m from Grundbesitz Europa and open ended real estate fund owned by RREEF Real Estate, the German real estate fund manager.  The property covers 118,596 sq ft  and is Grade 2 Listed. It is currently fully let to a HSBC […]

Norwegian Sovereign Wealth Fund Invest in Regent Street

According to the SWF Institute, the Norwegian Government Pension Fund – Global is the second largest sovereign wealth fund in the world. Established 20 years ago, the fund is currently holds assets worth approximately $510 billion. Sovereign wealth funds are controlled by the government and are common in nations which rely on a large percentage […]

Top Ten Property Tycoons In UK

Following is a table of the richest real-estate investors based in Britain, published by the EG. All figures are in millions of pounds. Name                                                  Net Worth                         Gain on 2009 1. Duke of Westminster                      6,800                               300 2. David and Simon Reuben             5,432                                 […]

Malaysian Fund Enters London Property Market

According to Dow Jones, Malaysian pension fund Employees Provident Fund is entering the U.K. commercial property market with the purchase of London office building 1 Sheldon Square for more than GBP150 million. The building currently is 50%-owned by Aviva Investors, the asset-management business of Aviva PLC (AV.LN), and 50% by Liquid Realty Partners, Invista Real […]

Derwent London Re-enters Commercial Property Market

Property group Derwent London has re-enetered the commercial property market for the first time in three years with the £147m acquisition of an office building on London’s Tottenham Court Road. The  FTSE 250 company bought Central Cross from Glebe Holdings, a property group backed by HBOS’s investment arm, Bank of Scotland Corporate, as a cornerstone […]

Investors Scared Of Investing In Commercial Property Funds

Investors fear they may be left locked into commercial property funds should the market take a turn for the worse. This is what happened in late 2008 and 2009 when investors in New Star, Standard Life, Axa, Aviva and Scottish Widows all found themselves barred from drawing money out of the funds. Investors were tied […]

Plans For Stamp Duty Cut Aim To Boost Returns For Private Rented Sector

According to the Property Industry Alliance a potential cut of the stamp duty land tax could increase returns from residential funds by as much as 150 basis points over the next three years. Moreover, the PIA, which also includes organizations such as the RICS and the British Property Federation, believes that currently, the SDLT rules […]