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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Kenmore Euro | KEIF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 33.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 33.50 | 33.50 |
| Top Posts |
|---|
Posted at 20/4/2010 17:45 by scburbs More good work from KEIF. Net asset value continues to look increasingly robust and discount too wide."Kenmore European Industrial Fund is pleased to announce that it has sold a light industrial asset in Fyllinge, to the south of Gothenburg, Sweden, to a private investor for a net price of £3,452,750 million (SEK 38,000,000) after deduction of an allowance for latent capital gains tax. The net sale price is 1.4% above the property's December 2009 valuation." |
Posted at 16/3/2010 07:43 by affc21 (below also from todays results):-------------------- INVESTMENT MANAGER'S REVIEW Property Market Review Investment trading continued to pick up pace in the final quarter of 2009. Investment volumes increased by almost 20% on the previous quarter to 25 billion and up 49% on the same quarter in 2008. This was the third consecutive quarter of increasing volumes after seven consecutive quarters of decline following the global financial crisis. Overall, Europe saw 70 billion of commercial real estate change hands in 2009, which was down 38% on 2008. The 2009 figure broadly compares to trading numbers in 2001, but remains well below the record 253 billion recorded in 2006. Increasing investor confidence and trading has translated into compressing yields in some prime markets. Occupier sentiment in the European warehousing sector strongly improved over the last few months of the year. Leasing activity continued to improve, albeit accelerating take-up in the final quarter of 2009 was achieved on the back of low volumes. Overall, take-up in 2009 has significantly declined year-on-year and take-up levels in 2010 are anticipated to remain on a similar level. Occupier demand remained most resilient in the core Western European markets, in particular Germany and France, which offer the largest modern logistics stock in combination with an excellent transport network. In 2010, both markets expect to record an annual take-up in line with the previous year (Source JLL). -------------------- Outlook Investment markets appear to have now passed the bottom of one of the worst property investment downturns on record. However, the weak economic recovery is playing into a slow and uneven rebound in corporate demand, which means investors are remaining cautious in underwriting investment deals and are looking closely at lease length and covenant strength. Refinancing remains a concern although banks now have more clarity around their real estate strategies than at the start of 2009 and a steady release of saleable assets onto the market is expected. A key focus for the Fund remains to reduce gearing through targeted sales, with £14.9m of assets currently under offer, as well as to maximise leasing and lease renewals through active asset management initiatives, in order to ride out the shocks in the occupier markets caused by continuing economic uncertainty and instability. The Fund's diversity across a number of Western European markets and the experience of the local management teams puts it in a strong position to do this. |
Posted at 12/3/2010 11:16 by typo56 LONDON (Dow Jones)--U.K. property investor Hansteen Holdings PLC (HSTN.LN) doesn't plan to make an offer for Kenmore European Industrial Fund Ltd. (KEIF.LN) but is open minded about the 12% stake it bought in the property firm last November. Speaking to Dow Jones Newswires Joint Chief Executive Ian Watson said Friday it wasn't allowed to carry out due diligence on Kenmore and informed the market that it had ended offer talks late Thursday. "This represents us putting this deal onto the back burner," he said. He added that Hansteen was "open minded" as to future plans for the 12% stake in Kenmore, and was looking at "significant" property deals in Europe and the U.K.. Kenmore declined to comment on the ending of the talks. At the time of the stake purchase Hansteen, which focuses on industrial property, said it had approached the board of KEIF with a potential offer valuing the company at around GBP56.8 million. The potential offer was made up of 20 pence in cash and 0.2469 new Hansteen shares for each KEIF share, which equated to around 40.6 pence a KEIF share. |
Posted at 12/11/2009 17:19 by thepsychic cmpf there are too many uncertainties for my liking. I am not sure how this situation will develop. I still cannot calculate the net profits. I am also ONLY assuming that the NAV will rise. From my point of view I would rather be out. To the more informed investor KEIF can look different to how i see it and thus see it as a viable investment. I am too distant from the goings on of this company which to me do not appear transparrent enough therefore quite frankly i never felt truly comfortable owning these stocks. I'll take it as a lesson to be a more informed investor as opposed to spontaniously going for it based alsmost soley on a feeling the european property market has bottomed. I may be wrong in my decision to sell, but i do not know if i could be right to hold therefore i sell. Good luck to all that hold. |
Posted at 14/10/2009 20:05 by affc21 European shed occupancy levels continue to drop says ProLogis12:20 | 13.10.09 By Nick Duxbury Occupancy levels in the pan-European sheds market slipped to 86% in the second quarter of 2009 according to research from ProLogis. In a report entitled 'Looking for the Rainbow' the developer revealed that across the European leasing market, the occupancy rate had dropped from 87% in the previous quarter and from 89% a year ago. It said that new deliveries to the continental European markets have remained "relatively stable" throughout the current steep recession, largely because of the sizable overhang of construction projects begun last year before the credit crisis erupted. Unsurprisingly, it showed that across Europe, new starts have tapered off and are now limited almost exclusively to build-to-suit projects. However, it concluded that investors have developed a renewed appreciation for market risk and are now making sharper distinctions between countries in Europe regarding economic, currency and property market risks. It said that there is a "renewed market focus on prime properties in Europe, where the leases have strong covenants and lease terms of five years". Len Sahling, first vice president of the ProLogis Research Group, said: "Europe's logistics property markets are feeling the weight of both a severe economic downturn and a lingering credit crunch. "The European economies are starting to emerge from several quarters of negative Gross Domestic Product (GDP) growth, and the logistics property leasing markets will follow suit, albeit with a lag. Meaningful GDP growth combined with obsolescence and no new supply will eventually pull Europe's logistics property leasing markets out of their slump." See the full report at |
Posted at 07/10/2009 09:00 by alanji thepsychic - here is the info you want: |
Posted at 20/9/2009 20:51 by affc21 The Sunday TimesSeptember 20, 2009 Where the wealthy are investing their money Here, we look at five ways the rich are investing their money: 1 COMMERCIAL PROPERTY The drop in prices has raised rental yields from about 4.6% two years ago, to 7.9%, and affluent investors are buying bargains. Bill O'Neill, portfolio strategist at Merrill Lynch Global Wealth Management, said: "Commercial property in Europe and the UK has been neglected by investors. Worries about companies' financing persist, but it does mean this area is cheap, particularly in the UK." Three-quarters of private banks surveyed by Hotbed, an investors' network, said they believed the coming year would be a good time to invest in the sector, compared with only a third in 2008. Several firms have launched commercial property funds recently. BDO Stoy Hayward Investment Management has just started the UK Strategic Income Property fund with Coba Asset Management and Strutt & Parker, the property consultant. The fund's target is a total return of 10%, with the managers taking a performance fee of 20% of anything earned over that. The minimum investment is £100,000. Seven Dials Fund Management has launched the Lightstone Prime High Street fund, which will buy shops in towns and cities such as Chester, Kingston and Canterbury. Astrid Cruickshank, the manager, said: "The unprecedented volatility we have experienced over the past 18 months has given rise to an increasing number of opportunities at prices that are very attractive compared with historic levels and offer long-term performance potential." Clavis Walden is planning to launch the Property Authorised Investment fund in November. It will invest 80% in bricks and mortar and 20% in shares, and aims to pay investors 7% a year. In another sign that confidence is returning to the market, brokers such as Bestinvest have begun tipping the New Star UK Property fund again. It once held more than £2 billion of investors' money, but is now worth £635m because of huge outflows and poor performance. It is down 23.3% in the past year and is yielding 5.9%, according to Trustnet, the data provider. |
Posted at 16/9/2009 12:00 by crawford Property WeekParis recovery catches up with London By David Doyle Paris has caught up with London in terms of locations where investors can find 'fair value' according to DTZ's head of research. Tony McGough told Property Week that despite a perception that the UK had come out of the recession ahead of continental Europe, Paris yields rapidly corrected from Q1 2009, followed by a rental correction in Q2. Using the company's fair value methodology, which indicates whether or not an investor is likely to be 'burnt' by investing in a particular market, McGough said other markets, particularly in Asia Pacific and Continental Europe, are catching up with the UK. However, some cities in Europe and across the globe are being more 'stubborn' in terms of recovery, often because they feature a lot of domestic investors who are willing to pay higher prices and keep yields low. View the video with McGough here: |
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