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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Puma Vii | PUMA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 40.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 40.00 | 40.00 |
| Top Posts |
|---|
Posted at 26/6/2007 19:14 by aldi1 US sale deals blow to Germany property hopesBy Reinhard Hönighaus in Frankfurt and Betrand Benoit in Berlin Published: June 26 2007 07:31 | Last updated: June 26 2007 07:31 Expectations of a rebound in Germany's moribund property market took a hit on Monday as it emerged that a significant foreign investor was to sell a large portfolio of flats in the country. The planned sale of 20,000 former trade union flats by Cerberus, the US private equity group that bought the portfolio for 1bn ($1.3bn, £670m) just three years ago, suggests large investors are losing patience at the poor performance of the market. "Cerberus is disappointed by the investment," a person familiar with the situation told FT Deutschland, the Financial Times' sister paper. Expected returns had not been achieved, the person said, adding that the fund might even have to inject fresh capital. Germany is virtually alone in Europe not to have experienced a property boom in the past decade. Large acquisitions by US funds in recent years had raised hopes of a turnaround, however, and triggered a spate of acquisitions by private individuals. |
Posted at 10/3/2007 11:47 by shawzie HIFX, the currency specialists, released their latest Global Property Hot Spots Report this week which reveals where Brits are buying property abroad. Although France and Spain remain at the top as ever, with more than 50 per cent between them, HIFX confirm that British investors are turning to value-for-money, per-square-metre cities for their investments. Berlin is one where money is going into the central district of Schonëberg, old-monied Charlottenburg and East Berlin's Friedrichshain. Bucharest in Romania has been growing at some 20 per cent a year for three years now and is tipped. Warsaw and Krakow in Poland are on the up too.DDE and FAB look interesting and of course SGR share price has already improved 25% in recent months. |
Posted at 15/1/2007 13:05 by nickcduk The main reason why it is on such a premium is Shore Capitals reputation in managing property funds. The Puma property fund had an IRR of over 40% before being wound up. The Hotels fund they launched has performed similarly. German residential property is currently very popular amongst investors and there will be some amazing gains made due to low borrowing costs and high yields. Mostly these come about from ridiculously low property values rising in the coming years.You can see from the premium that Puma trades to SDIC how highly investors rate Shore Capital. Both were launched around the same time and even though Puma were much slower to invest their funds, they have consistently traded at a premium to SDIC. The current difference is around 9% although I do expect that to narrow soon. The potential returns are 8% a year net dividends. If property prices rise 25% over 5 years the NAV of Puma will have doubled. |
Posted at 21/4/2006 12:09 by pepi moon added from link above.....Top Story German Public-Housing Corporations: Foreign Investors Move in Distressed sellers may drive hard bargains, but they're eager to strike a deal. Looking particularly eager at the moment are Germany's public housing corporations. Within the last few months they've unloaded billions of euros worth of commercial and residential property, mainly to US investors. And there's more to come. The sellers, who include state and federal institutions, are badly in need of liquidity and debt relief. At the same time, however, they are obliged to act in the interests of those who have been living and working in the buildings to be sold. The public-housing corporations have therefore been seeking investors who can offer not only cash but also a commitment to deal sensitively with the needs of the properties' tenants. The New York-based Fortress Investment Group put the requisite cash and commitment on the table to acquire Germany's fourth largest residential housing company GAGFAH from the federal government's social security and pension agency BfA. The transaction, completed in September, was valued at 3.5 billion euros. That figure includes the assumption of 1.4 billion euros in existing financing, a 1.4 billion euro acquisition loan and 700 million euros of private equity capital. The deal gives Fortress 82,000 residential units in Germany, mainly in urban areas such as Berlin, Hamburg and Cologne. Another recent acquisition involved Berlin's state-controlled housing corporation GSW. It sold its portfolio of 65,700 apartments to a consortium led by US-based Cerberus and Goldman Sachs's Whitehall Fund for two billion euros. The consortium now controls four percent of the housing market in Germany's capital. Jochen Winter, who advised GSW on the sale, told The Wall Street Journal he expects to see "12 to 18 housing portfolios on the market in the next few months". Germany's public-housing corporations are putting out the welcome mat for foreign investors. |
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