Property Investment

THE IMA has welcomed proposals for the creation of a European passport for retail open ended real estate funds (OEREFs).

MOST advisers believe recent moves by some providers to suspend withdrawals from property funds were sensible measures that safeguarded the interests of investors, research suggests.

THE property investment market will have stabilised by July and made a full recovery by the end of the year, investments analyst Reita predicts.

NEW Star has acquired a further three prime properties for the £644m International Property fund.

AN Active Special Opportunity Property fund has been launched by Eaton Investment Management.

ABERDEEN Asset Management expects investment activity in the European commercial real estate sector to fall by around 30pc this year, largely as a result of highly leveraged investors being less active.

PINDER Fry & Benjamin LLP (PFB) has launched the second offer of shares in its actively managed commercial property investment fund, the PFB Data Centre fund.

HEARTWOOD Wealth Management has delivered a bitter attack against the IPD index methodology, holding it responsible for the mis-selling of commercial property funds.

REITA and The Chartered Insurance Institute (CII) are collaborating on the extension of the diploma level investment paper to include property investment as an asset class.

2008 will be the year for long-term property investors to get back into UK commercial arena, John Cartwright, head of funds at Prudential Property Investment Managers (PRUPIM), part of M&G, has advised.