The Royal Bank of Scotland is expected to shortlist bidders for the sale of a £1.6bn loan book made to UK real estate. The Financial Times listed various private equity real estate platforms as potential bidders.
1 min read · 18 January 2013
Alabama-based alternatives asset management firm Harbert Management Corporation has raised €110m for its Harbert European Real Estate Fund III fund. The firm is expected to close fundraising for the vehicle later this year.
2 min read · 18 January 2013
Florida Governor Rick Scott has backed calls to replace the state’s defined benefit pension scheme with a defined contribution plan. This latest example in the global switch to DC pensions is raising questions over whether there will even be a next generation of private equity real estate LPs.
3 min read · 18 January 2013
As the UK’s financial sector regains its health, demand for office space in Central London is expected to soar with an extra 1.6m sq. ft. needed over the next three years.
2 min read · 18 January 2013
The future of Tokyo’s Shinagawa Grand Central Tower is likely to be determined by The Blackstone Group and other parties after Morgan Stanley Real Estate Investing today defaulted on its $3.3 billion debt – the biggest default ever on a Japanese CMBS debt.
3 min read · 18 January 2013
Ireland’s National Asset Management Agency reportedly has been taken control of a number of assets belonging to Irish property entrepreneur Derek Quinlan and his family.
1 min read · 18 January 2013
The international property investment group is looking to enter the market this summer with an international property fund targeting between $300m and $500m of equity from third party investors.
2 min read · 18 January 2013
The US private equity firm will make its fourth Indian investment in the past 12 months in NDR Group, one of the largest warehouse providers in India.
1 min read · 18 January 2013
Denver-based ProLogis says the decision to launch a privatisation of ProLogis European Properties was taken because some shareholders wanted to sell.
2 min read · 18 January 2013
Ex-KKR affiliate KSL Capital Partners has announced the purchase of an historic hotel on Miami’s South Beach area. The announcement comes one week after it emerged the leisure-focused firm had raised $1.5 billion for its third opportunity investment fund.
2 min read · 18 January 2013
