As the two industrial fund managers work towards a merger, the firms report damage estimates from the earthquake and tsunami. AMB said 40% of the $6m in damages suffered to its portfolio applied to its $673m Japan Fund.
2 min read · 18 January 2013
The New York-based firm purchased the interest in X-Leisure Fund from BT Pension Scheme and Hermes Real Estate for a reported £65m.
2 min read · 18 January 2013
Pacific Star Group has sold Capital Square for S$889m on behalf of institutional client, ERGO Insurance Group.
1 min read · 18 January 2013
Altor Equity Partners and Bure Equity will sell Northern Sweden’s largest property company, Norrvidden, with around €720m of assets
1 min read · 18 January 2013
The global charitable foundation with more than £14 billion of assets has made an offer for large parts of the 513-acres Olympic Park in East London.
2 min read · 18 January 2013
Through a 50-50 joint venture, the two US REITs have merged $400m of debt positions in the $1.3bn New York office property owned by Broadway and Investcorp.
2 min read · 18 January 2013
Drago Capital has bought another batch of bank branches from the Spanish savings bank just four months after acquiring an initial portfolio from the same banking group.
1 min read · 18 January 2013
The unit holders of ING Real Estate Investment Management have approved its sale to an investment club led by Sydney-based Goodman Group. ING REIM has also made ‘significant progress’ in its disposal of four other listed funds with a combined A$4.14bn of assets under management.
2 min read · 18 January 2013
The San Francisco-based logistics developer and fund manager will invest $88m into the venture with HIP China Logistics, a specially created entity backed by international capital.
2 min read · 18 January 2013
The US firm has made its debut investment for its latest hotel fund, with the acquisition of five properties in Munich, Hamburg, Frankfurt, Vienna and Salzburg from operator, NH Hotels.
1 min read · 18 January 2013
