Hints and tips:
...Fund manager M&G is to close its £565mn property fund following sustained outflows by UK retail investors looking to get out of the ailing real estate market....
...Business nomads lured by Lisbon According to estate agent Savills’ Impacts Report 2022, Lisbon is currently a top landing spot for corporate nomads....
...Penhein, in contrast, is the real deal: eight tents, well spread out in woodland on a farming estate near Chepstow in south Wales, near the English border....
...Further still, the estate’s lush tropical gardens and views of the Costa del Sol....
...“The base rate changes are coming thick and fast,” says David Hollingworth, director at mortgage broker L&C....
...“There are no equivalent 100 per cent mortgages in the standard market,” says David Hollingworth of UK mortgage broker L&C....
...His Chanel — with its outsized double-C logos and bouclé biker caps, a real-life elaboration of his theory that a sense of humour and a little lack of respect is required to make a legend survive — became...
...“Anything below 1 per cent is really just clinging on now,” says David Hollingworth, associate director at broker L&C Mortgages....
...“I know from experience that this will inevitably be met with cries that private equity, real estate funds and private lenders are vultures swooping in to profit from economic suffering,” he wrote....
...This aggressive mark down came in the form of ERVs -12% l-f-l and yields expanding +17bps....
...Opportunity for real estate development. Soother of stressed urban minds.” He does not do lyrical....
...estate landscape....
...Apart from negative l-f-l rental and value growth, we assume recapitalizations to an LTV of c.35% by 2021 lowering the EPS and NAV by c.49% and c.61%....
...“A lot of lenders moved away from accepting as much variable income as they did before the pandemic,” says David Hollingworth, director at mortgage broker L&C Mortgages....
...It also highlights that FEB’s biggest shareholder with 21.85 per cent is something called Tasameem Real Estate Co....
...One area of financial stress we should pay close attention to is in the real estate market. Some UK real estate investment trusts have lost 40% of their value since the start of the month....
...“This has proved very effective for our clients from an investment and inheritance tax planning perspective,” says Iain Tait, a partner in L&C’s private investment office, noting a long-standing fiscal incentive...
...Intu Properties is up a bit after confirming a Sunday Times report that Link Real Estate, a Hong Kong Reit, was in talks to back its rescue rights issue....
...And Credit Suisse: Although Next a best in class operator, adverse channel mix, its reliance on credit income and need to restructure the store estate do not guarantee a strong recovery....
...We are relatively less excited about Telecoms due to their weak topline and leveraged balance sheets, and about Real Estate due to pressure on rental yields, occupancy rates and asset values....
...The downsizing of the leisure estate, which continues to suffer from excess competition and over-expansion, is to be accelerated, with a further 75-90 sites (out of the current 250 strong estate) to be exited...
...At present, mortgage lenders are required to limit the amount they lend above the 4.5 times-salary threshold to 15 per cent, says David Hollingworth of L & C Mortgages....
...Who Christie’s International Real Estate, tel: +41 443 885 868 Highway 6, Northern Bruce Peninsula, Ontario, Canada, C$20.6m ($16.5m) Where At the end of a peninsula overlooking Georgian Bay....
...The potential liquidity problem is illustrated also by the panic selling of real estate funds in Britain after the Brexit vote. That selling caused numerous open-end funds to suspend redemptions....
...The mall was ranked by real estate consultants as an “A mall”, meaning it was a low-risk premium property that generated over $600-per-square-foot of sales a year....
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