Property

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.

Alex Jeffrey has joined M&G's real estate fund management arm PRUPIM as chief executive.

The chief executive of Invista Real Estate Investment Management and three of his team have joined Schroders' property funds arm.

Asset managers have accused platforms of harming investor interests because they are unable to support tax efficient property funds, which were given a welcome boost in last week's Finance Bill.

The government has relaxed the tax rules on Property Authorised Investment Funds (PAIFs) and REITs in a move set to increase the number of these vehicles in the marketplace.

Real estate is one of the few asset classes to provide reasonable positive returns year to date, but is this sustainable? asks Simon Kinnie, senior real estate analyst Standard Life Investments.