Regus property fund puts search for capital on hold

Regus Property Partners (RPP), the fund set up by IWG to acquire assets for its Regus and Spaces brands, has suspended its search for third-party capital.

Property companies hit hardest in Q4 2018

The number of companies in significant financial distress in the UK property industry increased faster than in any other sector in the fourth quarter with almost 47,000 companies now in difficulty, according to a new report.

Property companies hit hardest in 2018

The UK’s real estate and property industry was the hardest hit in 2018 with around 48,500 companies in the sector now in significant financial distress, according to a new report.

Lee renews attack on Shaftesbury’s fundraising strategy

Shaftesbury investor Samuel Tak Lee has written to the London property group’s shareholders urging them to oppose resolutions allowing the company to raise more capital through a share issue.

BlackRock adds first two assets to Eurozone property fund

BlackRock Real Estate has completed on the acquisitions of a pair of German office and logistic sites to add the first two assets for its €415m (£361m) Eurozone Core Property Fund.

Merrill Lynch real estate lead comes to Cromwell to head up European transactions

Investor Cromwell Property Group has appointed a director of Bank of America Merrill Lynch’s real estate team to the newly created role of senior transactions manager in Europe.

Hana Asset Management buys Sanctuary Buildings for £285m

South Korean investor Hana Asset Management has bought The Sanctuary Buildings in Victoria, London from Blackstone Property Partners for £285m.

Mayfair Capital fund delivers top 10-year returns

The Mayfair Capital-managed Property Income Trust for Charities (PITCH) has recorded the best 10-year performance in the MSCI/AREF All Balanced Property Fund Index.

Metro Bank shares dive after property debt hiccup

A change to the risk weighting applied to commercial property loans contributed to a collapse in Metro Bank’s share price this week.

Capital & Regional sees values fall 4.5%

Capital & Regional has seen the value of its portfolio fall 4.5% to £855.3m due to what it described as “negative sentiment towards retail assets”.