Genting Malaysia Berhad has purchased the newspaper’s offices and adjacent land from McClatchy for $236 million.
1 min read · 18 January 2013
The $113bn pension has issued a request for proposal for a firm to run a sale of private equity and possibly real estate fund interests on the secondaries market. Proposals are due 21 June.
2 min read · 18 January 2013
The investment and asset management division of global insurance giant Aviva plans to attract UK pension funds to the vehicle which will be used to make investments in ‘principal and mature markets’ in Europe ex-UK, North America and Asia Pacific.
2 min read · 18 January 2013
The Greek government is seeking to appoint advisers for stake sales in a number of its infrastructure assets to supplement sales of its real estate. Reports suggest the assets will be placed in an independent fund with the sales to be conducted with EU assistance.
2 min read · 18 January 2013
The opportunity real estate funds platform of the Wall Street bank arranges a five-year loan from Deutsche Bank to refinance $1.4b of debt on 168 of its hotels. In addition, the Abu Dhabi Investment Authority has invested $475 million into its portfolio.
2 min read · 18 January 2013
The European Parliament’s decision this week to hold firm on the incoming European Market Infrastructure Regulation (EMIR) was a kick in the teeth for Europe’s property managers. But, there’s still time to fight its stipulation that derivative trades must be cleared via a central counterparty.
3 min read · 18 January 2013
Graham Langlay-Smith, formerly of Credit Suisse’s private equity real estate business where he was responisble for European acquisitions and asset management, has joined London-based Wainbridge as chief financial officer.
1 min read · 18 January 2013
The two New York private equity real estate firms are vying to buy a US portfolio of 14 offices from the Sydney-based real estate fund manager’s Charter Hall Office REIT after its hedge fund investors reportedly pushed for a sale.
2 min read · 18 January 2013
The New York private equity giant is looking to sell 29 office buildings throughout Canada with a value of $921 million.
2 min read · 18 January 2013
Further news of consolidation within Europe’s property services sector emerged today as Jones Lang LaSalle said it had agreed a deal to buy rival King Sturge for £198m.
2 min read · 18 January 2013
