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Commercial Real Estate, Residential

UK Farm Land Prices Will Continue to Rise in 2013

By Alina Popescu | February 15, 2013
Farm land prices in England and Wales have reached record highs in last year's second half and are still expected to go up in 2013, according to the Rural Land Market Survey freshly released by the Royal Institution of Chartered Surveyors. Average farm land prices per acre were up to £6,783 in Wales and England, driven by increasing demand for commercial farmland in the second half of 2012 and will continue to rise this year.
Mortgage, US Real Estate

Australian Lender Pepper Buys Spanish Loan Business of Celeris

By Alina Popescu | February 13, 2013
Australian non-bank lender Pepper has just announced another strong move to consolidate its position as top pan-European loan servicing and real estate manager by acquiring the loan business of Celeris in Spain for €290 million. The newly acquired business will trade as the Pepper Finance Corporation after the buy.
Commercial Real Estate, US Real Estate

NBIM Makes Its First US Real Estate Investment

By Alina Popescu | February 12, 2013
Norway's sovereign wealth fund manager Norges Bank Investment Management has acquired its first property in the USA as part of its approved strategy of increasing the amount invested in real estate assets around the world. NBIM has bought a 49.9% joint venture stake in a portfolio of assets in New York City, Washington DC and Boston. The […]
Commercial Real Estate, US Real Estate

First Retail International Buys 50% of InterCora’s Romanian Retail Portfolio

By Alina Popescu | February 11, 2013
First Retail International (FRI), the retail property business of Belgian investment group Mitiska Ventures, has acquired half of the Romanian retail portfolio of German real estate investor and developer InterCora Group for an undisclosed amount. The group's Romania-based property portfolio includes 8 operational retail parks, each in a different Romanian city, amounting to about 32,000 […]
Commercial Real Estate

Google Opens Door for US Tech Moving into Central London Properties

By Alina Popescu | February 8, 2013
London's King's Cross has come a long way from being a dodgy neighborhood to becoming a British capital city major mixed-used residential, commercial and academic area. Yet there might be a lot more in store for this part of London and the city center in general after Google's  $1 billion investment into purchasing 2.4 acres of […]
Investing, Market Watch

EMEA Real Estate Transactions Reach Highest Quarterly Level in 5 Years

By Alina Popescu | February 8, 2013
Direct investment into commercial real estate was up 3% in 2012 in the Europe, Middle East and Africa (EMEA) region, according to new research published by Jones Lang LaSalle. The increase of 2012 was strongly supported by the strongest quarter since 2007, as in Q4 of 2012 real estate transactions amounted to €46 billion, putting the yearly totals at €123 billion (USD 159 billion).
Residential, US Real Estate

RICS launches commission to address UK housing crisis

By Alina Popescu | February 8, 2013
The Royal Institution of Chartered Surveyors has created a special commission to determine the best approaches in dealing with the UK housing crisis. The decision was made as a year after a new housing strategy had been announced by the UK government, house building was still stalling while Britons showed a stringent need of more […]
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