LATEST PROPERTY FUNDS NEWS
Hines secures €80m commitment from local government pension fund
Hines has added the largest UK Local Government Pension Scheme (LGPS) pool into its latest closed-end European value-add fund, Hines European Real Estate Partners III (HEREP III).
Hines’ European Value Fund 3 raises beats fundraising target
Hines has beaten the €1.5bn (£1.2bn) fundraising goal for its European Value Fund 3 (HEVF 3), having secured €620m (£535m) this year for investment across Europe, taking the total raised since its launch in mid-2022 to over €1.6bn (£1.3bn).
LendInvest completes £410m securitisation of UK BTL loans
Lending group LendInvest has completed the group’s fifth and largest securitisation of £410m of its buy-to-let (BTL) mortgage loans in an oversubscribed residential mortgage backed security (RMBS).
The open-ended fund model is outdated
Editor: Your recent front-page story asked: “Is it the end of the road for open-ended funds?” If that is the case, it has been a slow demise.
Is it the end of the road for open-ended funds?
Property finance experts believe more open-ended property funds are likely to close after M&G Investments and Canada Life Asset Management announced the termination of their vehicles.
Goodstone Living closes £550m-plus BTR fund
Goodstone Living has closed its first UK build-to-rent (BTR) residential fund with more than £550m of investment capital.
Newcore targets £375m equity raise for core-plus fund
Newcore Capital, the real estate investment manager that specialises in social infrastructure assets, is aiming to raise up to £375m for a new core-plus strategy via a fund to be launched by the end of this year.
