Real Estate Opportunities Share Discussion Threads

[lbo] 11/4/2011 12:43

Pity REO is holding mostly Irish commercial property then!

[flyingswan] 11/4/2011 11:32

Commercial property values grow by 0.7% in the strongest month of 2011

UK - March 2011 saw a distinct pick up in performance for all three of the major commercial property sectors in the UK, with total returns of 1.2% and capital value growth of 0.7% at the All Property level. For the first time in over a year, offices were not the top performing sector on the monthly index, with the strongest total returns coming from the retail sector, with growth of 0.8%, delivering total returns of 1.3% in March...

[flyingswan] 08/4/2011 12:21

...Grant Fitzner, Head of EMEA Research at global commercial real estate firm Jones Lang LaSalle, commented: "It is unusual for the ECB to lead the rate tightening cycle, ahead of the Federal Reserve and other major central banks. This reflects a desire to start to normalise interest rates and remove their crisis premium, as well as concerns about rising inflation expectations."

"Europe's broad-based economic recovery has been mirrored in the commercial real estate market. Total gross returns for retail property in the Euro area rose by 13.5% last year, while for office property returns were up 19.1%. We expect further solid gains in 2011."...

[lbo] 08/4/2011 10:42

Legislation to allow flexibility in existing leases with upward only rent
reviews will be published by July of this year.

The Minister for Justice and Law Reform, Alan Shatter expects to publish the
legislation during the summer and have it passed into law by the end of the
year.

Questioned as to possible legal challenges to legislation which can change
the terms of existing legal contracts, Mr Shatter pointed to Section 43 of
the Constitution which allows retrospective changes where they can be shown
to be in the interest of the common good.

[lbo] 07/4/2011 21:13

According to the macroeconomic assumptions in the recent Central Bank of Ireland supervised stress tests, the baseline scenario for commercial property prices is for a fall of 2.5% in 2011 and an increase of 1.5% in each of the years 2012 and 2013. The CBI says the baseline is not a forecast but the denial has not been convincing.

[lbo] 02/4/2011 12:14

SOLICITOR BRIAN O'Donnell and his wife Dr Mary Pat O'Donnell may face difficulties refinancing their 15 Westferry Circus office block in London next year "to enable orderly repayment of the whole loan balances", ratings agency Fitch has warned.

It made its comments as part of a downgrade of notes related to a commercial mortgage backed security (CMBS) that includes the O'Donnells' Canary Wharf building, which is let to global financial services company Morgan Stanley and was acquired by the duo's Vico Capital in 2005 for about €207 million.

The rating downgrade was partly driven by "the uncertainty relating to the 2012 maturities" of the Westferry Circus loan and that of a City of London office building in which the O'Donnells are not involved.

"While asset performance remains stable and value recovery is underway in the prime UK commercial property sector, Fitch believes that the borrowers may still experience difficulties securing sufficient new debt to enable orderly repayment of the whole loan balances," it said.

[lbo] 02/4/2011 12:11

Anglo Irish Bank has announced the biggest loss in Irish corporate history.

Losses at the nationalised bank hit €17.7bn in 2010.

A statement from the bank has described last year as "another exceptionally difficult 12-month period".

"The year 2010 was another very difficult year for the Bank and for the Irish economy," said the chairman Alan Dukes' statement.

"Commercial property prices are a key determinant of the Bank's performance, given its historical over-concentration in the sector.

"In Ireland, prices continued to fall

[lbo] 02/4/2011 11:48

A row over rents at the Blanchardstown Centre in Dublin is to result in the loss of more than 100 jobs.

The trade union Mandate said that staff had been informed this morning that eight Arcadia Group outlets in the Blanchardstown Centre will close in September.

[lbo] 02/4/2011 11:45

Plan for centre shows we've learned nothing



The tests for commercial property also look bad for those trying to fill empty office space around Dublin and beyond. In the best case, the central bank is forecasting a 2.5% drop this year, but a massive 22% drop if the economy deteriorates further

[lbo] 02/4/2011 11:42

THE NATIONAL Asset Management Agency (Nama) has warned that proposed changes to rent legislation would "significantly impact" on its ability to repay the debt it has issued.

The agency is "very concerned" about the impact any move to allow retrospective rent reviews could have on the value of its assets. Any such legislation would have a "dramatic reduction in the value of the income-producing assets transferred to Nama" because investment properties are valued on a multiple of their annual rent

[lbo] 02/4/2011 11:41

Ireland's "bad bank" accused of dubious practices as debts mount

[tiltonboy] 31/3/2011 16:09

REO is the 2nd Top Faller today in the Real Estate Investment Trust Sector.

[tiltonboy] 31/3/2011 14:13

FS,

It's not making a recovery at all. Because it's a SETS stock the price will show as the last trade. If somebody sold 1 share on the board at 2.1p, the price would show as 2.1p. It would then show as the largest faller in the sector.

Clutching at straws comes to mind.

[lbo] 22/3/2011 20:50

NAMA out of patience with top developers

Tuesday, 22nd March 2011 04.00pm

Enforcement action is likely to be taken against more of NAMA's largest debtors because some developers are "making little effort to progress matters and have not yet adapted to the new realities," according to NAMA chairman, Frank Daly, today.

[sleepy] 21/3/2011 16:12

Flyingswan - as you flap gracefully overhead do you keep a lookout for flying pigs?

[flyingswan] 21/3/2011 11:48

Well they do say to fill your boots while the price is low, so I will be topping up in the new ISA period when my new allowance comes through.

In the meantime I am having a positive day on ADH. DYOR

[badtime] 20/3/2011 18:05

dont hav to bother with an isa to get capital losses..looooool

[flyingswan] 20/3/2011 10:47

Get In Now and Fill Your Boots before the rush: IMHO

I would suspect come the 6th April, money will be piled in to REO, as people take advantage of the new ISA year.

I know, I for one will be in for my full allowance, there is too much happening this year to miss out on multiple bagger and with zero tax liability.

GLA

[jp5000] 12/3/2011 20:03

Battersea power station on blue peter yesterday evening more publicity maybe ?