AXA Real Estate Investment Managers has brokered a club deal to acquire six Accor-operated hotels in Europe — four in Paris and two in Belgium.
1 min read · 18 January 2013
The fund management arm of London-based Grosvenor has secured a commitment of £190m for a West End office investment programme with a value-added strategy. Grosvenor will invest £10 million into the partnership as well as provide its sourcing and management services.
2 min read · 18 January 2013
The funding by the Frankfurt am Main-based fund manager is for a 350,000 square foot development in Manchester by London-based real estate developer Allied London.
2 min read · 18 January 2013
An ING senior housing fund has agreed to sell half of its 15-property portfolio to a Canadian REIT for nearly $170 million.
2 min read · 18 January 2013
The private equity firm was bidding alongside local operating partner Development Securities to develop at London’s Shell Centre in a £300m deal, but another consortium involving Canary Wharf Group backed by Qatar are now reportedly favourites.
1 min read · 18 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 18 January 2013
The Greenwich, Connecticut-based private equity real estate firm has invested $150 million in the logistics arm of Brazilian developer MRV Engenharia. The transaction represents the firm’s first major investment in Brazil since opening an acquisitions office there last year.
2 min read · 18 January 2013
A critical two month countdown has begun for the funds industry to study and respond to detailed AIFM proposals released by EU regulators last week. The industry’s lobbying efforts appear to have borne fruit, but concerns remain.
3 min read · 18 January 2013
Four additional appointments for private equity real estate firm Corestate Capital, including former professionals of Oppenheimer, Morgan Stanley, JER and Hudson Advisors.
1 min read · 18 January 2013
The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
2 min read · 18 January 2013
