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Legal & General hires head of real estate capital raising

Legal & General Investment Management (LGIM) has hired Abrdn’s Neil Meikle to boost its private assets expertise.

Meikle was previously global head of real assets and private credit investment specialists at Abrdn.

He has been appointed to the newly-created role of head of real estate capital raising at LGIM, according to Citywire.

Read more: BlackRock hires global co-heads of real estate

“LGIM has a clear intention to continue to take its market-leading capabilities and sustained track record across the real estate sector to clients, globally,” an LGIM spokesperson told Citywire.

“Neil will be reporting into our head of sales, Christy Lindsay; actively fundraising the platform’s existing products, supporting future real estate solutions and strategies, and playing a key role in the expansion of Legal & General’s overall private markets offering.”

Read more: Federated Hermes expands real estate team with new hire

LGIM has been clear about its plans to expand its private assets business. In January, it submitted a regulatory application to launch a private assets fund for defined contribution pension investors.

Read more: $500bn opportunity for commercial real estate private debt

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No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au

High-profile former Mornington Peninsula builder Ralph Mansfield and wife Caralyn have shaved $1m+ off the asking price of their Tasmanian private island.

Between 1986-2018, Mr Mansfield ran a design and construction company, working for the likes of ex-Lord Mayor of Melbourne Ron Walker and his family; another former Melbourne Lord Mayor, architect Richard Meldrum; and clothing labels Billabong, Quiksilver and Surf Dive ‘n’ Ski.

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No. 1 Ram Island, Little Swanport was the most popular Tas property on realestate.com.au

Ram Island, East Coast Tas. Picture: Supplied

The kitchen and floating staircase to the second floor.

More than two decades ago, the Mansfields purchased the 26.7ha Ram Island and built a three-bedroom house there.

Last year, they put the island on the market with a $7m price tag which has now been reduced to $5m-$6m.

Peterswald for property’s Nick Morgan has the listing in conjunction with RT Edgar director James Hatzolos, who is handling inquiries from Victorian buyers.

Take in

Alibaba Unloads $360 Million of Bilibili in Latest Asset Sale

(Bloomberg) — Alibaba Group Holding Ltd. sold almost $360 million of stock in Chinese streaming platform Bilibili Inc. at a significant discount, the latest in a string of asset deals from an e-commerce pioneer seeking capital to invest in AI and rejuvenate the business.

BTS Appearance on “I-LAND” – ANTARA News

Jakarta (ANTARA) – The television channel Mnet revealed footage of the presence of the K-pop idol group Bangtan Sonyeondan (BTS) at the survival show “I-LAND” which is preparing to enter the final stage.

Through a 16 second video, BTS personnel appear from the egg-shaped stage, which is typical of “I-LAND”. V looked relaxed while sitting cross-legged and between his six colleagues.

They looked amazed to see the location of “I-LAND”. J-Hope said, “Now, shall we go to an unknown world?” then Jungkook continued who said, “This is amazing!”. Then, a voice was heard “BTS, welcome to ‘I-LAND.'”

Also read: BTS creates online Korean language courses for students abroad

Also read: BTS’s fourth film “Break the Silence” released September 10

Mnet hinted at BTS’s presence in “I-LAND” through a snippet on July 31 and was emphasized again in last week’s special episode.

At that time, celebrity Kwanghee, who was the host of the event, said that apart from attending the event initiated by BELIF +, BTS also gave a mission to the “I-LAND” participants.

The episode of “I-LAND” which is entering the final test of “The Final 12” will air on August 14 2020 at 23.00 South Korean time or 21.00

2023 real estate market analysis and what’s in store for 2024 in Spain — idealista/news

The year 2023 will end with a seemingly contradictory balance in the real estate market: mortgages are falling and the volume of transactions is suffering after a year as significant as 2022. However, prices continue to rise, driven by a demand that is still higher than the dwindling supply.

The Housing Law has not only failed to meet the objectives set by the government but has had a devastating opposite effect: it was intended to solve the rental problem and has led to unknown levels of suffering for tenants. The new regulation has collapsed supply, and prices have continued to rise sharply. Moreover, there has been a significant shift from permanent to seasonal rentals, making it even more difficult for renters to access housing, especially families with children. With a continuous political environment, these trends are not likely to change in 2024.

The property market

Property prices

Price reductions that many have been listing for this year have not been arrived at, and the cost of buying a home in Spain has increased by 7% in the last year.

In some very dynamic markets, such as Madrid or Barcelonaprices have reached extremely high levels, causing price increases to

Cobblestone Manor owners trying to sell via essay contest

It’s a hot real estate market these days and one southern Alberta business is trying a unique method to stand out from the rest – for the second time.

On Jan. 15, Cardston’s Cobblestone Manor launched a new effort to attract a buyer for the 102-year-old business by offering it to anyone who has $500 and a well-written essay.

“Contestants can win the Cobblestone Manor by writing a letter of 300 words or less about their vision for the future of the property,” officials said in a news release this week.

The contest closes on July 15, but they could extend that deadline if the 3,000-letter target isn’t met.

Simple math suggests that if the required number of letters are received, the owners could raise $1.5 million through the campaign.

The Cobblestone Manor’s current owners, Ivan and Marsha Negrych, have operated it as a bed and breakfast for the past 20 years.

In 2019, they also hoped to find a buyer with the same idea, but entries were $100.

At that time, they were looking for 17,000 essays, which would mean $1.7 million for the Negrychs.

But the couple told CTV News during the first campaign that it wasn’t about

Carlton North: Former Hawk Angelo Lekkas and wife Renata list renovated terrace house

280 Canning St, Carlton North - for herald sun real estate ar

Former Hawk Angelo Lekkas and his family are selling 280 Canning St, Carlton North.

Former Hawthorn midfielder Angelo Lekkas and wife Renata are handballing their much-loved Carlton North house with $2.8m-$2.95m price expectations.

Lekkas played 180 games with the Hawks across 11 seasons.

After suffering a minor stroke following a 2005 practice match, doctors feared Lekkas would suffer some form of ongoing paralysis, but he completed rehabilitation and returned to the game within months.

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After announcing his retirement later that year, he went on to become a National Stroke Foundation ambassador and AFL multicultural ambassador.

He now runs a sports coaching company for young footballers and a mortgage broking business.

Lekkas said he and Renata purchased their Victorian-era freestanding terrace house at 280 Canning St in 2002 – the same year he represented Australia in the International Rules series – fulfilling their long-held dream to live on the street.

“I don’t think you can live in a better location in Melbourne than

4 Property Investment Strategies in 2024 | Property News

Serviced accommodation – sometimes known as holiday lets – is a type of short-term rental property aimed at people who need somewhere to stay when visiting another area.

Like other types of buy-to-let investment, serviced accommodation involves purchasing a property and renting it out for income.

But how long is a short-term let? According to HomeLet, a short-term let is a contract that is less than six months.

Investors should take care of what city they choose to invest in – some areas restrict how often you can rent out serviced accommodation. For example, serviced accommodation in London can only be rented out for 90 days out of the year. However, somewhere like Liverpool places have no restrictions on how often you can rent out a serviced property.

These properties are usually listed on sites like Airbnb. As such, investors may need to pay commission fees when renting a serviced accommodation. In addition, you are more likely to endure void periods, especially when investing in an area with seasonal demand. Therefore, you need to consider an area popular with tourists all year round.

On the upside, Serviced accommodation allows investors to make a profitable rental income and also comes with

Anthony Albanese six-figure rental income sparks controversy amid housing crisis

Landlord Anthony Albanese is under fire over the $115,000-a-year in rental income he is pulling on top of his salary as Prime Minister, as interest rates soar for struggling families.

Greens housing spokesman Max Chandler-Mather has taken aim at Anthony Albanese for owning investment properties as he stepped up his campaign to scrap negative gearing laws.

After growing up in public housing, the Prime Minister is now renting out two Sydney homes including a mortgage-free federation bungalow with a pool while he lives rent-free at the Lodge.

“Let’s be real, if Labor wants to deal with housing affordability then it’s time to phase out the billions of dollars in tax concessions property investors get every year in the form of negative gearing and capital gains tax concessions,” Mr Chandler-Mather said.

“We could be investing that money in building public housing but instead it is going to people like the Prime Minister with his three investment properties.”

He went on to question why Australia has a “property investor as a prime minister” during the “worst housing crisis we’ve seen in a generation”, accusing Mr Albanese of fighting to protect negative gearing and capital gains tax concessions.

“And I think what they’ve

A Proposal Backed By Mayor Brandon Scott Approved To Sell Over 200 Vacant Baltimore Properties For $1 Each To Local Residents

A new housing proposal in Baltimore, MD, is modeled after the city’s property program from a few decades ago.

In the 1970s, Baltimore had a “dollar house” program, in which residents got to own vacant properties for $1 each under the requirement of fixing them, according to Bloomberg. Now, the idea to revitalize has surfaced again.

The Baltimore Sun reports that Major Brandon Scott supported the proposal to offer over 200 vacant properties in Baltimore to people who will repair and live in them. The Baltimore Board of Estimates approved the program on March 20. The program was designed mainly for individual buyers and community land trusts. However, for $3,000, developers and large non-profits can also purchase unoccupied houses (small non-profits would pay $1,000).

This proposal is an opportunity to combat an ongoing issue in Baltimore. The Baltimore Sun mentions that unoccupied homes are a big problem throughout the city, numbering more than 13,000. This new program will only cover some vacant homes, as not all are city-owned. Guidelines have also put focus on the more “stressed” housing markets, such as East and West Baltimore.

While it may be welcomed by a good number of residents and housing advocates,