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IRP Irp Prop Inv

71.25
0.00 (0.00%)
01 May 2024 - Closed
Delayed by 15 minutes
Isis Property Trust Investors - IRP

Isis Property Trust Investors - IRP

Share Name Share Symbol Market Stock Type
Irp Prop Inv IRP London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 71.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
71.25 71.25
more quote information »

Top Investor Posts

Top Posts
Posted at 10/8/2010 12:16 by envirovision
Interesting mention in the FT via Charles Stanley liking Invista Foundation Property:

Value in commercial property
By Alice Ross Published: August 6 2010 19:01 Last updated: August 6 2010 19:01

Commercial property prices in the UK are continuing to rise, but analysts believe long-term investors can still find undervalued assets by buying into the sector through investment trusts
Posted at 24/8/2009 12:18 by james111
More good news, seems like lots of companies now looking for a slice of the action. Can only help com prop prices and companies like IRP.

Aviva's £250m fund to buy in depressed property market

By Mark Leftly

Aviva Investors, the asset management business, is set to launch a £250m fund to take advantage of the downturn in the commercial property market.


The real estate team, led by its chief executive, Ian Womack, has begun contacting potential investors for the so-called "opportunities fund" ahead of an official launch. The fund will be led by Aviva's Chris Laxton.

An Aviva spokeswoman said: "If launched, the fund would look at investing in UK commercial real estate that is attractively priced relative to long-term history. We see this as an opportunity to take advantage of historically attractive pricing and forecasts for recovery providing potential for compelling returns."

The fund would have a five-year lifespan, and is likely to invest only in existing property with secure tenants, rather than speculative developments.

It is understood that the fund would write equity cheques to purchase property, and not rely on bank borrowing. High levels of debt have contributed to the downturn in the commercial property market. Aviva is the latest in an array of firms looking to take advantage of depressed property prices. Blackstone, the US buyout and corporate advisory group, is launching a $2bn (£1.2bn) Special Situations fund in Europe.

In a big week for property, British Land, the FTSE-100 giant, reports its second-quarter results on Tuesday.

It was claimed last week that the company has been targeted by a group led by Indian magnate Lakshmi Mittal. However, it is believed that what actually happened was that intermediaries for a separate group briefly discussed the idea after missing out on purchasing a stake in Broadgate, British Land's famous estate near Liverpool Street station in London.

A source close to the intermediaries said that the idea of buying British Land, which was fleetingly mentioned to the target's advisers last week, was soon dismissed after it was realised that the consortium would have to pay up to £9bn.

Analysts at JP Morgan said: "We are not going to say that takeovers [of British Land] are 100 per cent ruled out, but this looks odd to us." British Land shares closed at 512.5p on Friday, up nearly 4 per cent on start of trading. The company's market capitalisation is more than £4.2bn.
Posted at 09/8/2009 15:12 by james111
If you havent seen this artical then take a look



Many good comment regards commercial property, I do like this quote

" this month's figures seem to confirm that investors have awoken to what is now widely being seen as a once in a generation buying opportunity."

I am certain commercial property is the answer to low interest rates, its so undervalued, the rise is just starting.
dyor etc etc

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