Rory Cullinan, chief executive of the non-core business at Royal Bank of Scotland, says letting assets ‘run off’ is the most capital-efficient means of shrinking the bank’s remaining £35 billion of real estate.
4 min read · 17 January 2013
The bank has bought a $100 million portfolio of assets in Paris despite a general approach of ‘caution’ towards Europe.
4 min read · 17 January 2013
More than half of the limited partners for the Pennsylvania-based private equity real estate firm’s second value-added industrial fund came in during the final round of capital-raising.
2 min read · 17 January 2013
Senior executives of AEW Europe and LaSalle Investment Management explained how the popular theme among investors of wanting tight investment parameters for their opportunistic managers contradicts the definition of opportunistic investing and could lead to missed deals.
3 min read · 17 January 2013
The global head of the New York-based private equity firm’s real estate group is due to move into a less active role as the platform’s chairman in 2013, as part of a long-term succession plan for the business.
3 min read · 17 January 2013
The Swiss-based alternatives firm, Partners Group, has appointed a seasoned professional in North America from Liquid Realty Partners, the San Francisco-based firm that reportedly halted fundraising of its latest vehicle earlier this year.
1 min read · 17 January 2013
The A$150bn retirement fund has acquired an initial A$400m of Australian logistics properties from Goodman and plans to invest with the ASX-listed group in A$500m more. The deals down under are intended to spark a global investing joint venture.
2 min read · 17 January 2013
The Atlanta-based real estate firm has purchased an 88,000-square-foot office tower in SoHo from Waterman Interests and JPMorgan Asset Management.
1 min read · 17 January 2013
The San Francisco-based investment firm has sold Hamilton Square for $200 million to CommonWealth Partners, which purchased the property on behalf of the $218 billion state pension plan.
1 min read · 17 January 2013
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
2 min read · 17 January 2013
