Property

The pace of new housing starts in the US has accelerated to its fastest rate in three years, providing a bright spot for US investors unsettled by weakening macro data.

Henderson Global Investors has acquired French property asset management firm Horizon Investment Management.

The £132m First State Global Property Securities fund has dominated the IMA Property sector over the last five years, being one of only two funds to make a positive return over that period, and has returned 84.5% since 2009.

PROPERTY

Former Close Asset Management executives have launched a property and tax planning investment management business called TIME Investments.

Gary Hutcheson, managing director of Ignis Real Estate, reveals where the best value lies in this income-driven asset class.

Estate agent Connells has snapped up a stake in property authorised investment fund (PAIF) provider Hearthstone ahead of the launch of its first fund.

The Serious Fraud Office (SFO) has apologised to property tycoon Vincent Tchenguiz over the way it handled an investigation into the billionaire's involvement in Icelandic bank Kaupthing.

Gerardine Davies, former director of property at Aegon Asset Management, has joined BNP Paribas Real Estate as head of UK investment management.

The company that controls the Empire State Building has revealed plans to raise as much as $1bn in an initial public offering, and become a real estate investment trust.