Property

PROPERTY

Brooks Macdonald is set to launch an actively-managed UCITS core property fund aiming to achieve yields of up to 5.5% via its new joint venture North Row Capital.

Troubled property firm Brandeaux is to wind up six of its long-suspended property funds following calls from investors wanting to exit the vehicles.

F&C has launched a global real estate securities fund, managed by Alban Lhonneur and Marcus Phayre-Mudge.

Invesco has sold almost 17 million shares in the Macau Property Opportunities fund in the latest disposal of stock held by Neil Woodford's Income funds.

PROPERTY

Ignis Asset Management is forecasting an 11.5% total return for the UK commercial property next year, above consensus forecasts which are themselves at their highest levels post-crisis.

Non-residents will have to pay capital gains tax (CGT) on residential property sales in the UK from April 2015, reversing the current rule, George Osborne announced today.

Shares in UK housebuilders have tumbled after the Bank of England said it will end the Funding for Lending (FLS) scheme for mortgages a year early.

Potential interest rate rise in 2014 could prompt flight from fixed income into commercial property.