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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rutley (See LSE:DPE) | RTY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 5.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.50 | 5.50 |
| Top Posts |
|---|
Posted at 18/8/2009 14:23 by jab118 What's all this upgrading over the last few days the price rising with no trades, would the market have an order to fill and no investors are letting go..:@) |
Posted at 27/5/2009 22:10 by lbo "Whilst property funds have been active users of leverage at relatively high loan to value ratios in recent years, hedge funds that use leverage often use very much higher levels of gearing," Nick Burnell, managing partner of real estate investor Rutley Capital Partners |
Posted at 20/4/2009 14:21 by lbo L2 is starting to look strong again. A lot of property shares seeing strength so it seems some investors are coming back to the sector in general and shorts being closed aswell. |
Posted at 19/4/2009 11:31 by lbo Pej yes followed a lot of these property funds since floating and it was the last sign the property bubble was about to burst. They were all overvalued and over paid in management and upfront fees and dumped on the marketsHowever, it may now be a case of overshooting on the downside as it seems some long term investors now see value and are buyers at these distressed valuations. I would be more a buyer now then a seller at these prices. |
Posted at 18/4/2009 16:19 by lbo Fabian Romania, the AIM-listed Romanian property investor, is to be taken over in an E50.8m (£48m) deal.The company this morning revealed it had agreed a takeover from Romanian architect-turned-ent Patriciu's Black Sea Global Properties Group is paying E1 a share in cash for Fabian, which is a huge 40% discount to its 30 September net asset value of E1.66 a share, although a 93% premium to Fabian's closing share price last night of E0.52. However, Fabian said that because of the lack of investment transactions in Romania, there could be 'no certainty that the yields which were used in determining the NAV accurately reflected the open market'. 'Our cash offer provides certainty to Fabian Romania shareholders during a period of significant economic turmoil and as the price of real estate assets in Romania continues to fall,' said Patriciu. 'Our investment in Fabian Romania allows us to fulfill my long held ambition to create a platform on which we can build a property company that will acquire and develop assets in Romania.' If its offer is successful, Black Sea Global will retain Fabian's external manager, Fabian Capital, which is run by Mark Holdsworth, and, subject to regulatory approval, its AIM and Bermuda Stock Exchange listings. Black Sea Global is wholly owned by Patriciu's RPH, which has more than $1bn (£664m) of properties, which it either owns or manages, in Europe. Together with his brother, Patriciu developed the first sites in Romania for large retail chains, including Billa and Minimax. Patriciu is currently developing, together with Immorent, a 1.6m sq ft office and residential project in the north of Bucharest, known as Smart City. Patriciu, a qualified architect, is also the CEO of Netherlands-based Rompetrol Group, which he founded and developed into the second largest oil company in Romania. He sold a 75% stake in Rompetrol last year at an enterprise value of $3.6bn (£2.39bn). |
Posted at 17/4/2009 22:42 by lbo Investors start buying distressed property David Bain 02 Feb 2009 The sale of Fabian Romania, a UK-listed property fund, to Dinu Patriciu, Romania's wealthiest man, at a big premium for shareholders has reminded wealthy investors that property values can sometimes go up. Fabian Romania: Sale Complete Today, Dramatic Expansion Planned Fabian Romania has now passed fully into the control of Black Sea Global Properties Ltd, which is controlled by Romanian businessman Dinu Patriciu. Black Sea Global Properties Ltd either owns, or has received valid acceptances representing, 99.1 per cent of shares in the AIM-listed company. Black Sea Global Properties is a wholly owned subsidiary of Mr Patriciu's company Rompetrol Holdings |
Posted at 22/5/2007 18:23 by lbo German Investor Confidence Increases to 11-Month High (Update2) By Gabi Thesing May 22 (Bloomberg) -- German investor confidence rose to an 11-month high in May as company profits surged and economists raised their forecasts for growth this year. The ZEW Center for European Economic Research in Mannheim said its index of investor and analyst expectations increased to 24, the highest since June, from 16.5 in April. Economists expected a reading of 23, according to the median of 34 forecasts in a Bloomberg News survey. Siemens and DaimlerChrysler, two of Europe's largest companies, reported profit increases that exceeded analysts' estimates in the past month and the DIW institute on May 16 forecast 2007 economic growth may approach 3 percent, which would be the most since the turn of the century. The benchmark DAX share index has risen more than 16 percent so far this year, making Germany the best performer among Europe's eight biggest markets. ``This is a powerful message that the economy is developing its own momentum,'' said Kenneth Broux, an economist at Lloyds TSB Group Plc. in London. ``There is confidence that the current upswing can be sustained.'' The government on April 25 raised its economic growth forecast for 2007 to 2.3 percent from 1.7 percent. The economy expanded 2.8 percent last year, the most in six years. |
Posted at 27/3/2007 15:19 by lbo Rising rates shifting focus in commercial property markets THE rising interest rate curve has prompted a major shift in investment focus by property experts with the emphasis shifting from prime office properties in centres such as London to Paris, to the Nordic markets and Luxembourg. A new report on the global property investment market from Bank of Ireland Private Banking estimated that Irish investors spent somewhere in the region of 11bn on property in 2006, with the Irish, UK and European markets as the favoured locations. However with interest rates on the up, it is no longer a simple matter of buying with borrowed money and taking your profit from a higher rental margin. This is particularly the case in the UK, with prime-office yields at 4.5pc and lower, compared with the five-year cost of funds at around 6.4pc. So with interest rates now outstripping rental yields in many countries the experts at BoIPB advise a more selective approach. Negative "The core-office markets that we feel have the strongest rental growth prospects include Paris, the Nordic markets and Luxembourg. They state the London office market also has the potential for strong rental growth, but the negative yield spread makes it a very difficult market. The report says that the Dublin core-office market should continue to see strong rental growth rates and strong occupier demand which has been boosted by limited supply in the city centre and a buoyant economy. Unfortunately they add, the current prices discount much, if not all, of the potential gains. The report also identifies markets to be avoided. "We are increasingly nervous about the UK and Spanish office markets from a pricing perspective. "We see no compelling reason to invest in Italian office markets and are not convinced about the merits of Eastern European office markets in general. Over the long-term, the report states, retail commercial property markets may offer value as European consumer spending is expected to grow quite strongly over the next five years. "In terms of retail markets, we like the French and Nordic retail markets, while Spanish retail still displays considerable momentum. It also describes that Italian retail market as interesting. The UK retail market is treated with caution while the Irish core-retail market is described as being very expensive, despite producing amazing returns last year - up over 25pc. |
Posted at 20/2/2007 17:41 by lbo Prosper from German property, urge analystsTuesday 20th February 2007: 11:00By Scott SinclairPROPERTY investors fed up with an "overstretched" UK market could do worse than look to Germany, say analysts. Click here to let us know your thoughts on the new site Investing in UK bricks and mortar has reaped rewards over the last decade but some observers now suggest the market is becoming saturated. Instead, they are touting German property as the place to invest, citing economic growth last year and the lowest rates of unemployment in four years as proof of a blossoming nation. Stuart Law, chief executive of Assetz, says the growth potential in German property is finally starting to bear fruit. "Germany is a new market for most overseas investors and it will take time to develop, so I would advise taking a ten year view rather than expecting instant returns," he says. "However, the growth triggers investors have been waiting for are starting to occur, with prices in some residential areas seeing small rises after years of declining or static prices." Oliver Jackson, commercial director at World Capital Partners, adds: "The UK property market is dangerously overstretched, wage inflation is significantly lower than house price inflation, and interest rates are creeping up. "So people are looking abroad to invest in property, as the market out there is rising faster than the UK market has done over the past 10 years." Alex Ross, manager of Premier Asset Management's Pan-European Property Share fund, says his investments in Germany around a quarter of his portfolio - are proving profitable. "Most of my focus is now on continental European property where the medium term outlook is very attractive," he says. "This is because of the positive yield gap. It is positive in continental Europe against a negative in the UK. "The reason a quarter of my portfolio is in Germany is because the country is in the middle of its cyclical curve at the moment. "For instance, office rent in Germany is at a five-year low and, in Frankfurt, rent has fallen by around 35pc in the last three years. "But this is now tailing off and we're starting to see some rental growth kicking through. In fact, in the fourth quartile of last year, rent in Frankfurt was on the increase. "Germany is now where the UK was around three years ago." |
Posted at 14/12/2006 12:43 by lbo Knight Frank to float a £600m European fundBy Jim Pickard, Property Correspondent Published: November 6 2006 Knight Frank, the estate agency, is planning to build up a £600m portfolio of European property through the flotation of a new investment fund. It is understood that Rutley Capital Partners, Knight Frank's private equity arm, is seeking to launch the fund on the main London stock market in the coming weeks. The group hopes to raise £200m which - with typical gearing of two parts debt to one party equity - gives it a £600m to spend. The move comes amid a surge of new investment on the continent by an array of international investors, notably from the US and the UK. Investors have been drawn by the clear arbitrage between the cost of debt, at about 5 per cent, and commercial property yields of 6 per cent or higher. In Britain and North America this margin no longer exists for many grade-A properties. Rutley European Property Limited, which will be listed in London and on the Channel Islands Stock Exchange, is currently a private company based in Guernsey and owned mainly by institutional investors. Its target is commercial property in Germany, Switzerland, Belgium, the Netherlands and central Europe. The group has recently bought or put under offer 12 properties for £108m in Germany and Poland. It is in the process of buying other properties worth £167m in Poland, Belgium and the Czech Republic. The overall yield on this portfolio is more than 6.8 per cent. The flotation will raise money through an issue of convertible ("C") shares, while existing shareholders in REPL will receive ordinary shares. To avoid diluting the existing shareholders, the C shares will be held as a separate pool until this new money is 75 per cent invested in properties. A further £465m of property has been identified as acquisition targets for the C share pool. REPL expects to invest the whole of the portfolio by the summer of next year. Under the group's structure the eventual portfolio will be gradually wound down between 2010 and 2013, with the properties sold and the proceeds distributed to shareholders. The placement agents on the fund are Cenkos Securities and Knight Frank Corporate Finance. Knight Frank is one of Britain's most successful estate agents firms. |
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