Head of terms agreed for Terra Firma’s German residential property company, Deutsche Annington, to refinance €4.5bn of outstanding cmbs debt.
2 min read · 17 January 2013
The Canadian pension plan is injecting A$1bn into a landmark office scheme in Sydney, Australia. The investment is not only the first direct office investment CPPIB has made in Australia to date, but also is the biggest single real estate asset investment it has made anywhere in the world.
2 min read · 17 January 2013
The New York-based private equity giant is offloading four US hotels on behalf of its BREP VI fund to DiamondRock Hospitality. In addition to the cash consideration, Blackstone will own a 4% stake in the Bethesda, Maryland-based hospitality REIT.
2 min read · 17 January 2013
Following its JV with AXA REIM, Norges Bank Investment Management has formed a similar partnership with Generali whereby it has agreed to buy a 50% stake in five Paris properties from the Italian insurer for €275m.
2 min read · 17 January 2013
The Beverly Hills-based global real estate firm has teamed up with Deutsche Bank to target commercial and residential real estate loans in Europe with a focus on the UK and Ireland.
2 min read · 17 January 2013
This week milestones were reached for the London skyline as the Shard – Western Europe’s tallest tower – was inaugurated and Battersea Power Station was sold once again.
4 min read · 17 January 2013
A new survey from the New York-based accounting and consulting firm reveals that investors are gaining confidence in the office markets of Denver, Phoenix and Southeast Florida, especially as job growth continues in these areas.
3 min read · 17 January 2013
The US regulator will meet 22 August to ‘consider rules’ eliminating the ban on general solicitations of securities offerings, which has long prevented GPs from widely announcing their fundraisings.
2 min read · 17 January 2013
A group comprising SP Setia, Sime Darby and the Employees’ Pension Fund of Malaysia have exchanged contracts to buy the iconic London property from receivers.
2 min read · 17 January 2013
Carlyle has become the largest shareholder in a China-based mid-market hotel chain on behalf of an Asia private equity fund.
2 min read · 17 January 2013
