Public real estate companies raised $12 bn (EUR 8.4 bn) in the first quarter of 2011, according to LaSalle Investment Management. Global real estate stocks and the broad market posted solid returns in the first quarter of 2011 despite considerable volatility in March. The UBS Global Investors Index of real estate stocks was up 4.5% while the MSCI World Equity Index of broad-market stocks gained 3.7%.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
