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Real Estate

LJ Group invests in German student housing

July 28, 2014

British multi family office LJ Group has allocated €100 million to an affordable student housing venture in Germany, already acquiring its first property in Berlin’s inner city.

British multi family office LJ Group has allocated €100 million to an affordable student housing venture in Germany, already acquiring its first property in Berlin’s inner city.

The 30-year-old multi family office, which advises over $50 billion of assets, has partnered with Cresco Capital Group for the Cresco Urban Yurt venture.

Their first purchase in the student housing venture is a €60 million redevelopment of an aging building on Frankfurter Tor.

Gibraltar Finance

April 1, 2014

Gibraltar is a self-governing and self-financing parliamentary democracy within the European Union. Gibraltar’s corporation tax rate is 10% and the maximum effective rate of tax for individuals is 25%.

Family office seeks social impact in Las Vegas developments

March 31, 2014

A San Francisco family office that invests on principles first and profit second has entered a joint equity partnership in a social impact property development in Las Vegas, as construction picks up in the US gambling and resort city.

The anonymous family office, which manages $200 million (€145 million) for several families, has entered the agreement with Cambridge Companies – a Las Vegas-based developer, specialising in land use and zoning enhancements, as well as residential and commercial developments.

Increase in sharia compliant London property funds likely, says fund manager

March 13, 2014

London residential funds that are sharia compliant are likely to become more prolific, according to a local asset manager whose firm has just released the second of its property funds under this structure.

London Central Portfolio’s (LCP) £100 million (€119.6) fund aims to buy one to two bedroom rental properties in central London, in the most fashionable neighbourhoods immediately surrounding Hyde Park, such as Knightsbridge and Marylebone.

Family offices beginning to look beyond London for property deals

March 4, 2014

As investor confidence grows, international family offices are looking beyond London when buying into the UK property market, according to a local real estate company.

As investor confidence grows, international family offices are looking beyond London when buying into the UK property market, according to a local real estate company.

Trophy property prices in the British capital – those worth more than £10 million – have held up during the economic downturn, as families buy up in the central suburbs surrounding Hyde Park, to grow capital and preserve wealth.

Private wealth shaping real estate markets

January 17, 2014

Family offices are filling the vacuum left by corporate bankers in the world’s real estate markets, as new research reveals the asset class accounts for approximately a fifth of the invested wealth of all ultra high net worth individuals.

UHNWs favour equities for next 30-year period

December 17, 2013

The UK’s ultra-high net worth individuals rank equities as the best investment to sustain wealth for the next generation, according to a new survey examining investment predictions for the next three decades.

According to The world in 2043: wealth strategies for intergenerational success, launched by multi family office Fleming Family & Partners (FF&P), British adults will hand down as much as £5 trillion (€5.9 trillion) over the next three decades.

HK property matriarch transfers shares to Kwok brothers despite impending trial

December 6, 2013

The controlling shareholder of one of the largest real estate companies in Hong Kong, Sun Hung Kai Properties, has handed a significant chunk of shares to two of her three sons, even though they are awaiting trial for bribery of an official.

Swiss SFO invests £100m in London property

November 6, 2013

A Swiss-domiciled single family office has appointed a London property investment manager to manage and acquire a portfolio of up to £100 million of residential real estate in the city.

Newcore Capital has been mandated to buy properties classified as houses in multiple occupation (HMO), which have typically been divided up into flats.

The real estate investment firm says it is their third single family office client, with the other two headquartered in the UK.

Hyatt heiress's family office invests in Southern California

October 11, 2013

The family office of Hyatt heiress Karen Pritzker, and her husband Michael Vlock – in conjunction with real estate firm Colony Capital – has invested $50 million (€36.8 million) in an initiative to transform Southern Californian residential housing.

In partnership with American Coastal Properties the scheme will take dated homes in up-and-coming neighbourhoods in San Diego, Orange County and Los Angeles and spend 50 to 100% of the purchase price on renovations.