The Atlanta-based investment firm has purchased the vacant asset for $27 million and plans to spend $180 million to redevelop it into a mixed-use property.
1 min read · 18 January 2013
The fund, Sarasin Sustainable Properties – European Cities, is targeting mainly Swiss pension funds, and is said to be the first real estate vehicle for institutional investors to invest solely in sustainable buildings in high-growth European cities.
1 min read · 18 January 2013
The Houston-based real estate firm officially has ended its affiliation with its Chicago-based principal investment arm. The entity, now known as Pearlmark Real Estate Partners, has moved offices and is seeking capital for a new fund.
2 min read · 18 January 2013
The New York-based real estate investment firm's DRA Growth and Income Fund VII currently has $662m in commitments and is expecting a final close in September.
1 min read · 18 January 2013
The New York global asset manager has formed a strategic partnership with Driftwood focussed on acquiring and repositioning hotels across the US.
1 min read · 18 January 2013
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
2 min read · 18 January 2013
JER Partners is said to be in exclusive talks to transfer staff and asset management functions of JER’s Europe funds business to LaSalle in order to provide a more ‘stable platform’ for investors.
3 min read · 18 January 2013
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
2 min read · 18 January 2013
The $154bn pension system will also work to decrease holdings in opportunistic and value-add investments and reduce leverage in the portfolio.
2 min read · 18 January 2013
The firm has formed of a value-added UK fund that invests in Central London offices. In addition, its European core real estate fund has acquired a logistics property in Finland.
2 min read · 18 January 2013
