Investec related stories
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Investec hires local exec for UK investment driveCrispin Gandy, who was a partner and head of investment at London-based property company Exemplar Properties, has joined Johannesburg specialist bank and asset manager Investec to aid its real estate expansion in the UK.
- MIPIM 2010: German banks boost increased lending in 2010
According to a report published by Savills at this year’s MIPIM, the world’s largest annual property fair, German banks including Aareal Bank, Baverische Landesbank and Deutsche Bank are underpinning an increased appetite for real estate lending in Europe in 2010.
- UK government eyes capital gains tax hike
It’s still unclear whether carried interest would be affected by a proposal to raise the tax rate on capital gains from 'non-business assets' to 40%.
- Apollo, CVC agree £888m take-private
After initially approaching Brit Insurance in June, Apollo has agreed a takeover deal with the board of the company by joining forces with CVC.
- Australian start-up launches A$100m fund debut
Profound Property Group, a Perth-based advisory and fund business formed by ex-Investec executives, is raising its debut vehicle. The firm is eyeing preferred equity infusions in projects in Perth and across Western Australia.
- South African firm makes £70m UK splash
Investec Property Investments has teamed with London wealth manager Credo to acquire a central London block. Investec's investment is being made via its GLL Special Opportunities Fund.
- Poll: two thirds of investors believe banks are selling distressed assets
Nearly 64 percent of investors polled by South African bank and asset manager Investec believe banks have either already begun releasing their distressed assets back into the market or will start over the course of the year.
- ICG-Longbow plans float in London for senior debt fund
The company wants to raise a minimum of £100m on the London Stock Exchange for a company to invest in senior UK commercial property debt. The plan sits alongside Longbow’s fundraising for its third mezzanine vehicle, which has a traditional LP structure.
- UK GPs pushed to put more ‘skin in the game’
A large majority of GPs are under pressure from investors to contribute more capital to their own funds - but most may be unwilling or even unable to do so, according to a new Investec survey.