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Real Estate Credit Investments NAV rises to EUR1.69 per ordinary share

Real Estate Credit Investments, the Cheyne Capital managed investment company formerly known as Queen’s Walk, has reported an increase in net asset value from EUR1.59 to EUR1.69 per ordinary share since its recent fundraising.

The company’s net profit was EUR3.1m for the quarter ended 30 September 2010, compared to a net profit of EUR2.8m for the quarter ended 30 June 2010. This represents the fifth consecutive quarter the company has recorded a profit.

The investment portfolio generated gross cash flows of EUR4.5m in the quarter compared with an estimate of EUR3.5m and EUR6.1m received in the previous quarter.

Subsequent to the extraordinary dividend of 14.5 cents per share already paid for the period 1 April 2010 to 15 September 2010, the company has not declared an ordinary dividend for the second quarter. The company has announced a preference dividend of 2.3p for the period 16 September 2010 to 31 December 2010 and currently intends to declare a second interim ordinary dividend in due course.

RECI is delivering on the objectives it laid out in September 2010. The EUR26.6m capital raising that was completed on 15 September 2010 has put the company in a position to invest in undervalued real estate debt.

As at 30 September, the real estate debt portfolio was valued at EUR37.4m, or 37 per cent of the investment portfolio, up from 31 per cent three months earlier.

RECI made EUR9.8m of new bond purchases in the three months to 30 September. From 1 October to 15 November 2010, the company has purchased a further EUR15.4m of bonds, increasing the overall fair value of the real estate debt portfolio to EUR52.9m or 45 per cent of the investment portfolio.  

Tom Chandos, chairman of Real Estate Credit Investments, says: “It is a sign of the growing strength of Real Estate Credit Investments that it has delivered a fifth consecutive quarter of profit while laying the foundations for future growth with fresh investments in the real estate debt portfolio.”

Investments in Real Estate Market in India

Today the real estate market in India is at an all time high. With the emergence of multinationals, the demand for office and residential space has increased many folds. But the investors of this market still consider India as an emerging market for the restrictive laws relating to Foreign Direct Investment (FDI) and earning profit is difficult in India’s property sector. Sensing this, Government has liberalized the laws relating to FDI in February 2005. With this now Non Resident Indians (NRIs) or Overseas Corporate Bodies (OCBs) can invest upto 100% in the sector and also in real estate industry and construction ventures. A foreign Company with 60% NRI holding is considered as OCBs. But still Government has certain rules in place for purchasing commercial property by foreign company i.e. property for business purposes.

Although the investment period is restricted to minimum of 3 years for the FDI to avoid speculative trading but the real charm is that the investment is now allowed in the smaller projects of 25 acres, (which was 100 acres earlier). The hassle free and the easiest way to enter this market is by buying an investment fund. There are many attractive and transparent funds from reputed investments houses. It is expected that with the liberated laws, real estate investment fund will emerge soon. But care should be taken before acquiring any land and legal help should be taken at every stage of buying process.

The increase in global real estate investment interest in India is evident from the fact that US real estate billionaire, Sam Zell has termed India as world’s lowest cost housing market and is planning to make substantial investment. Further, Dubai based Emaar Group has already invested USD 100 million in Hyderabad. And companies from Canada, Malaysia, Tokyo, UK, and Singapore have all committed millions of dollars in India. This is all the result of easing of laws along with impressive property price growth.

The local factors contributing to this booming real estate market is the rise in demand for the property for sale and rent. With India’s population raising to over million the potential for growth in property demand is huge. In addition to this the growth of IT sector and outsourcing in particular geographical areas has led to the demand for office and housing space in those areas. With the increase in the buying power of these professionals and the availability of housing loans has made it possible for them to afford their own houses. The increase in demand has also inflated the property prices.

Before 2005 there was only 1.1% of foreign direct investment in India’s real estate sector. But after Government easing the controls and restriction on foreign ownership of immovable property and also on terms of ownership, there is a strong inward inflow of foreign investment interest in India. Government of India is keen to attract investment in this sector but in favor of control investment. As a result the local builders are earning around 30-50% of rate of return on capital and property prices has increased in excess to 20%. Cities like New Delhi, Mumbai and Banglore are mainly attracting these investments.

Number of Words: 532

Keyword: real estate

Frequency: 10

Ben Hirsh is the owner of the Ben Hirsh Real Estate Group and an expert on Woodstock GA real estate . His unique website features a helpful sellers page where he explains what he can do as your Woodstock GA listing agent to sell your home. The site also features a Woodstock GA MLS search, Search where home sellers can study other homes on the market.

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Foreign Investments in Chinese Real Estate Industry Are Expected to Increase in 2009

www.shcri.com – China totally finished 1.0165-trillion-Yuan (148.4 billion USD) investments in the real estate industry during January to May, increased by 6.8% YOY and the growth rate up by 1.9percentage points compared with that in January and April; the sales areas of the commercial buildings were increased by 25.5% to 246.44 million m2.

 

However, among the fund sources of Chinese real estate development enterprises, the statistics showed that the foreign funds reached 22.5 billion Yuan, down by 8.7% YOY.

 

The shrink of the scales of foreign investments has been a difficult problem which needs cautious considering. On 31st May, the statistics released by Ministry of Commerce of PRC showed that there were totally 6,241 newly-established foreign funded enterprises all over China during January to April; the actual utilized foreign funds reached 27.67 billion USD, down by 34.2% and 21% YOY respectively.

 

To stabilize the scales of the foreign funds becomes the guidance of Ministry of Commerce this year. It is reported that Ministry of Commerce of PRC has started the investigations into the situation of foreign investments in various regions of China from February 2009, engaged in the policy formulation and smoothened in certain areas so as to attract and stabilize the foreign investments and form a steady policy recommendations for stabilizing the foreign investments so as to summit to the state council of PRC.

 

Some insiders said that the supervision departments had revealed the idea of loosening the foreign investments owning to the weak growth of the investment growth in Chinese real estate industry from 2008. There is no exception for State Administration of Foreign Exchange. Since May 2009, State Administration of Foreign Exchange has issued a series of measures related to the examination and approval authority and simple procedures. In the beginning of June, State Administration of Foreign Exchange issued the latest measure, which required all the branches of State Administration of Foreign Exchange, management departments and the designated foreign exchange banks search the lists of the approved foreign funded real estate enterprises through the website of Ministry of Commerce and handle the foreign exchange registration and foreign exchange settlement and sales. The actual affects can not be seen now but it is the confidence inspiration for the foreign funded enterprises.

 

At almost the same time, ING Real Estate, the affiliated company of ING Groep N.V. which was the financial giant, announced it was engaging in raising the second funds for the real estate industry in China. Richardvanden Berg, person in charge of the business in China of ING Real Estate, expressed the target scale of the funds was 750 million USD and mainly for the dwellings and real estate.

 

ING Real Estate Fund Organization revealed it will invest in the items of the residential dwellings in Chinese first and secondary cities and catch up some merger opportunities in the first cities. It is predicted that the benefits from the secondary real estate funds may reach over 20%.

 

Affected by the international financial crisis, the foreign funds have started the role variation in Chinese real estate stage. Citi Bank, Lehman Brothers and Merilyn Securities have thrown the real estate on hand to the market in droves.

 

Some withdraw from the market, however, some plan and prepare to step into the market. The relevant person in charge of 3-billion-USD funds of LaSalle Investment said that the global real estate investors all aimed at the non-promising Asian real estate market from 2008 and hoped to find the hunter opportunity under the circumstances of the global economic recession. Capitaland set up 1.3 billion USD private capital funds for investing in Chinese commercial real estate industry. The Carlyle Group announced before that it was raising 1 billion USD so as to set up the second real estate fund in Asia directed against the crucial Asian market, such as China and Japan. ARA also expressed that it will invest near 10 billion Yuan (1.46 billion USD) in Chinese real estate market this year.

 

Source: China Research and Intelligence

If you’d like to copy or quote this article, please keep the source information

 

Get more information, please visit http://shcri.com/reportdetail.asp?id=271

 

Contacts:

Eileen Gu

China Research and Intelligence

www.shcri.com

Email: eileen@shcri.com

TEL: 86-21-6852-1029

    86-21-5842-6733

Shanghai, China

www.yourdomain.com In this video Alex and Rock describe several ways in which you can raise capital to fund your real estate deals

Foreign Investments in Chinese Real Estate Industry Are Expected to Increase in 2009

www.shcri.com – China totally finished 1.0165-trillion-Yuan (148.4 billion USD) investments in the real estate industry during January to May, increased by 6.8% YOY and the growth rate up by 1.9percentage points compared with that in January and April; the sales areas of the commercial buildings were increased by 25.5% to 246.44 million m2.

 

However, among the fund sources of Chinese real estate development enterprises, the statistics showed that the foreign funds reached 22.5 billion Yuan, down by 8.7% YOY.

 

The shrink of the scales of foreign investments has been a difficult problem which needs cautious considering. On 31st May, the statistics released by Ministry of Commerce of PRC showed that there were totally 6,241 newly-established foreign funded enterprises all over China during January to April; the actual utilized foreign funds reached 27.67 billion USD, down by 34.2% and 21% YOY respectively.

 

To stabilize the scales of the foreign funds becomes the guidance of Ministry of Commerce this year. It is reported that Ministry of Commerce of PRC has started the investigations into the situation of foreign investments in various regions of China from February 2009, engaged in the policy formulation and smoothened in certain areas so as to attract and stabilize the foreign investments and form a steady policy recommendations for stabilizing the foreign investments so as to summit to the state council of PRC.

 

Some insiders said that the supervision departments had revealed the idea of loosening the foreign investments owning to the weak growth of the investment growth in Chinese real estate industry from 2008. There is no exception for State Administration of Foreign Exchange. Since May 2009, State Administration of Foreign Exchange has issued a series of measures related to the examination and approval authority and simple procedures. In the beginning of June, State Administration of Foreign Exchange issued the latest measure, which required all the branches of State Administration of Foreign Exchange, management departments and the designated foreign exchange banks search the lists of the approved foreign funded real estate enterprises through the website of Ministry of Commerce and handle the foreign exchange registration and foreign exchange settlement and sales. The actual affects can not be seen now but it is the confidence inspiration for the foreign funded enterprises.

 

At almost the same time, ING Real Estate, the affiliated company of ING Groep N.V. which was the financial giant, announced it was engaging in raising the second funds for the real estate industry in China. Richardvanden Berg, person in charge of the business in China of ING Real Estate, expressed the target scale of the funds was 750 million USD and mainly for the dwellings and real estate.

 

ING Real Estate Fund Organization revealed it will invest in the items of the residential dwellings in Chinese first and secondary cities and catch up some merger opportunities in the first cities. It is predicted that the benefits from the secondary real estate funds may reach over 20%.

 

Affected by the international financial crisis, the foreign funds have started the role variation in Chinese real estate stage. Citi Bank, Lehman Brothers and Merilyn Securities have thrown the real estate on hand to the market in droves.

 

Some withdraw from the market, however, some plan and prepare to step into the market. The relevant person in charge of 3-billion-USD funds of LaSalle Investment said that the global real estate investors all aimed at the non-promising Asian real estate market from 2008 and hoped to find the hunter opportunity under the circumstances of the global economic recession. Capitaland set up 1.3 billion USD private capital funds for investing in Chinese commercial real estate industry. The Carlyle Group announced before that it was raising 1 billion USD so as to set up the second real estate fund in Asia directed against the crucial Asian market, such as China and Japan. ARA also expressed that it will invest near 10 billion Yuan (1.46 billion USD) in Chinese real estate market this year.

 

Source: China Research and Intelligence

If you’d like to copy or quote this article, please keep the source information

 

Get more information, please visit http://shcri.com/reportdetail.asp?id=271

Money capital is the lifeblood of every investment. Without capital, there can be no product, no property, no sales, no cash flow. Check out Roberts video about his experiences raising capital for his first entrepreneurial venture. During this one-of-a-kind, never-to-be-repeated 3-day event with Robert Kiyosaki and his advisers you will learn: * Robert’s experiences raising capital * Why raising capital is the #1 skill of an entrepreneur * How you can develop this skill to benefit your business and real estate investing Whether your current or future investments involve business or real estate, raising capital is vital to keeping your investments alive and producing cash flow. Robert and his advisors are experts in this important skill who practice what they preach and will share with you their knowledge gleaned from years of real-life entrepreneurship and investment experience.

Money capital is the lifeblood of every investment. Without capital, there can be no product, no property, no sales, no cash flow. Check out Roberts video about his experiences raising capital for his first entrepreneurial venture. During this one-of-a-kind, never-to-be-repeated 3-day event with Robert Kiyosaki and his advisers you will learn: * Robert’s experiences raising capital * Why raising capital is the #1 skill of an entrepreneur * How you can develop this skill to benefit your business and real estate investing Whether your current or future investments involve business or real estate, raising capital is vital to keeping your investments alive and producing cash flow. Robert and his advisors are experts in this important skill who practice what they preach and will share with you their knowledge gleaned from years of real-life entrepreneurship and investment experience.

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