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IERE Invista Euro.

0.30
0.00 (0.00%)
16 May 2024 - Closed
Delayed by 15 minutes
Invista Euro. Investors - IERE

Invista Euro. Investors - IERE

Share Name Share Symbol Market Stock Type
Invista Euro. IERE London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 0.30 01:00:00
Open Price Low Price High Price Close Price Previous Close
0.30 0.30
more quote information »

Top Investor Posts

Top Posts
Posted at 12/9/2015 09:25 by colin12345678
okenia
Posts: 7,029
Off Topic
Opinion: No Opinion
Price: 0.30
View Thread (6)
RE: Options now for BREDS
Today 09:12
And these are some of the solutions being investigated - which include both asset sales to de-gear and re-financing (and a blend of the two). Don't forget that a general rise in asset values in the sector will also help the key LTV figure if they can get a re-valuation that BREDS will agree to.

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"As it was stated in the Annual Report and Accounts 2014, the risk of such a breach was known in advance, and was considered at the time to be mitigated by a combination of potential waiver or standstill agreements from the Mezzanine Lender and the ongoing efforts to secure a capital investment that will bring about the Step Down interest rate (for a description of the terms of the Step Down, please refer to the Investment Manager's Report of the Group's Annual Report and Accounts 2014). These mitigating factors are still in existence, since the Mezzanine Lender has provided the Group with a Standstill letter, while the Group continues to pursue a long term solution that will repay the Mezzanine debt to the level that will unlock the Step Down interest rate.

Internos Global Investors Ltd ("the Manager") has been in discussions with several parties with regard to an injection of new capital, and in Q4 2014 the Board agreed to appoint a third party to conduct a strategic review to assess all options that remain open to the Group, including a sale of the core portfolio of assets. The adviser that was selected is Eastdil Secured, which already had experience of the portfolio, having successfully marketed the senior portion of the BREDS loan for syndication to BAML in the summer of 2014.

In February 2015 Eastdil approached potential investors to seek indications of interest in a sale of the entire portfolio or some form of refinancing. Following initial due diligence, serious expressions of interest have been received; the proposals being considered vary in structure and include a refinancing of a portion of the Mezzanine Loan with a new mezzanine facility, as well as the potential sale of subsidiaries which own the Group's underlying real estate portfolio. The Board of Directors is at present considering these alternative scenarios, the details of which are still subject to negotiation.

In line with previous expectations and as a result of recent asset sales the Group is now in Default in relation to its Projected Interest Cover and Projected Debt Yield Ratio covenants. Nevertheless, the existing Standstill that has been provided by the Mezzanine Lender demonstrates their support for the current strategy. However, if the Mezzanine Lender does not continue to support the Group, the existing event of Default could either lead to an acceleration of the Mezzanine Loan or the application of a Default Margin. It is considered that the optimal course for the Group is to seek the fastest and most secure route to reaching the Step Down Event, through continuing asset sales and pursuing the process with Eastdil.&quo
Posted at 11/9/2015 19:31 by apfindley
Woooo.That's what happens when you follow the guys who follow the hot risers, and suck you all in to investing into something worthless.The debt levels here are horrendous.The legacy of debt has destroyed this, and the rns releases for over 3 years have been warning you.Next time, maybe follow some of us more genuine investors into something we are passionate about, as we are genuinely invested in a company who are exploring in Nevada US have €1.3m in the bank, zero debt, and released another encouraging exploration rns today.I refer to GWMO, they have cash and will continue for another year without raising cash. The organised pumping machine dont like such stocks.It's a pity the pumpers have probably exited iere and left you genuine guys holding worthless stock.
Posted at 11/9/2015 17:49 by colin12345678
WTF has she sung yet?? not yet i feel



Fri, 11th Sep 2015 16:49

RNS Number : 8859Y
Invista European Real Estate Trust
11 September 2015


11 September 2015





INVISTA EUROPEAN REAL ESTATE TRUST SICAF

(the "Company")



EXTENSION OF STANDSTILL AGREEMENT



Following the Company's announcements on 29 June, 13 July, 20 July, 28 July, 11 August, 18 August, 25 August, 3 September and 11 September, and in relation to certain ongoing events of Default with regard to the Mezzanine Loan Facility provided by Blackstone Real Estate Debt Securities, the Company can now report that the Standstill letter has been extended for an additional period to 13 September 2015.





For further information, please contact:

Ludovic Bernard

Internos Global Investors 020 7355 8800
Posted at 08/9/2015 11:39 by colin12345678
City Investors Unit ‏@city_unit 1m1 minute ago

#IERE 12pm RNS boom time
0 retweets 0 favorites
City Investors Unit ‏@city_unit 32m32 minutes ago

#IERE step down triggered - NAV just went to £39m - sensational
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City Investors Unit ‏@city_unit 48m48 minutes ago

#IERE RNS logged get ready
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City Investors Unit ‏@city_unit 2h2 hours ago

#IERE are we ready? +25% another 1475% to go
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City Investors Unit ‏@city_unit 2h2 hours ago

#IERE refinance deal takes this from £0 NAV to £39m NAV - who wouldn't want to be in this
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City Investors Unit ‏@city_unit 2h2 hours ago

#IERE about to blow
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City Investors Unit ‏@city_unit 3h3 hours ago

#IERE those with DMA can see the buying in Bloomberg again this morning..,cleaning up!
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City Investors Unit ‏@city_unit 3h3 hours ago

#IERE we await the RNS - not long now - 1500% today if released before 1pm
Posted at 08/9/2015 11:12 by ukmassy
LOL Stig. Ask Colin about his fake City Investors Unit Twitter.
Posted at 07/9/2015 16:41 by nextlink
Ironside Partners being institutional investors have already lost
a fortune investing in this crock.
They always know more than private investors.
The value of the 23% they held was negligible, yet they are dumping
stock as fast as they can.
You would think if there was even the slightest chance of recovery they
would stay invested.
Is this stay of execution, with recent RNS's, just a ploy to let them out
with a few pennies left.
So when the music stops.
Posted at 04/9/2015 14:25 by colin12345678
City Investors Unit ‏@city_unit 13m13 minutes ago

#IERE Chris Monroe says deal 99% done. If so expect 2p+ to be paid by close of trading.
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City Investors Unit ‏@city_unit 39m39 minutes ago

#IERE looks like they have accumulated enough time to gap up.
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Posted at 04/9/2015 11:06 by ukmassy
LOL! City Investors Unit is Reks. As is Sharetips 6
Posted at 09/7/2015 10:10 by quinan
Has the market bottomed out?

What does 2015 hold for Europe's commercial market?

Last year saw a full recovery of property investment volumes in many European markets. Capital going into property was around 30 per cent above the long-term average and close to 80 per cent of the 2007 level.

This time round, investment is being mostly driven not by debt, but by investors not being able to find a better destination for equity. Property prices in some markets in Europe have hit the bottom, while prime product values are picking up again.

The volume of property investment is expected to remain high, and even rise next year.
Offices

The improvement in financing conditions could support activity in office development activity next year, particularly in markets with solid demand such as Dublin and London, and refurbishments in markets such as Madrid and Milan.

Limited new supply over the past few years has created undersupplied pockets of good quality office space. This is leading to rental increases and we could see that continuing in 2015 in markets such as London, Dublin and Brussels.
Retail and alternative assets

Due to relatively weak consumer confidence, it is likely that investors will be selective with regards to retail assets, and continue to chase the best performing retail schemes and high streets. These can include the strong affluent European markets (UK, France, Belgium, Germany) as well as the developing or recovering ones (Poland and Spain).

Logistics markets connected to retailer expansion, particularly with regards to their on-line strategies, will also be considered (Netherlands, Germany, Poland, UK, Spain).

In terms of alternative assets, further potential is likely, as demonstrated in the student housing segment and residential segment (Netherlands, Germany) and the hotels segment (London,Paris, Amsterdam).
Yield Convergence again?

The changes of A quality assets in B quality cities, and B quality assets in A quality cities (AB/BA) have been rising over the past year. Keen pricing competition in the prime segment and the lack of supply has shifted investor interest in value add and higher yielding market segments.

This trend looks set to continue in 2015 and should translate into higher investment in AB/BA assets in core markets (UK, France, Germany, Netherlands) and in increasing share of higher yielding and alternative asset classes. It would also continue to benefit markets that have bottomed out, such as Spain, Ireland and Italy, which is likely to lead to further narrowing of the yield gap between prime and seondary yields.

hxxp://www.savills.co.uk/blog/article/185925/commercial-property/what-does-2015-hold-for-europe-s-commercial-market.aspx
Posted at 14/7/2014 18:45 by fafa48
I bought this share after a few days of share jump, 3.85p, now in 21% loss.

Is any one here has more loss than I?

I found two articles related to Euro property market. Hope someone would be encouraged as it gives me a bit hope.

.... While popularity for London prime markets is increasing, transaction volumes in the Eurozone have also increased significantly in the past year.

As the Eurozone rebounds from the longest recession since its inception, property investment is looking increasingly attractive across Europe. Countries amongst the hardest hit by the financial crisis, including Spain and the Netherlands are now highly optimistic about their property markets, with renewed confidence attracting international investors and boosting transaction volumes.

... the evolution of home offices and the impact of e-commerce on commercial property. Dissemination of information relating to property investment opportunities available throughout the Eurozone and beyond from internet sources has served to attract investors to more niche markets within the real estate sector.

Eurozone Property Market Rebounding
Eurozone efforts to restructure the region's banks and to prop up weaker economies are likely to have a significant effect on European property markets. These efforts will encourage investors to rely more on alternative debt sources to finance real estate transactions, increasing the supply of assets through the disposal of non-performing loans and the maturity of mortgage-linked securities.
Hartmut Fründ, managing partner of Transaction Real Estate, Germany said: "The European real estate market shows strong signs of recovery as the Eurozone rebounds from the recession. With banks under continuing pressure to restructure, investors will continue to look for alternative debt sources to finance their transactions. Meanwhile, the maturation of mortgage-backed securities and the disposal of sub- or non-performing loans will help to fuel a healthy supply of real estate assets".
It would appear that the Eurozone debt crisis is no longer regarded as the main driver for real estate investment as investors' risk appetite for real estate is increasing. In general, investors see a mixed outlook for prices in prime locations. Price levels in the hardest-hit Eurozone economies are expected to bounce back significantly in 2014.