The senior management of HSBC’s infrastructure and real estate arm, HSBC Specialist Investments, will buy an 80% stake in the unit from the parent bank. The management buyout is expected to be completed in the first quarter of 2011.
2 min read · 24 January 2013
The Inter-American Development Bank approved the loan as a way to ‘foster more participation’ in the fund. Macquarie also released details of the fund’s recent purchase of Decarred, a company that maintains 10 stretches of highway in the US-border state of Durango.
3 min read · 24 January 2013
A core fund managed by JP Morgan Asset Management focussed on Europe and the US has bought the landmark OpernTurm tower from Tishman Speyer and UBS in a joint venture with the Government of Singapore Investment Corporation.
2 min read · 24 January 2013
The London-based firm has acquired a package of 12 properties from private real estate firm Propinvest.
2 min read · 24 January 2013
Citi Infrastructure Investors has acquired a 75% stake in DP World Australia, which operates five container ports, valued at A$1.5bn. Citi will fund the deal, which is set to close in the first half of 2011, with A$530m of debt and the balance in equity.
2 min read · 24 January 2013
After a failed IPO, Bilfinger Berger has managed to sell Valemus to Lend Lease for A$1.06bn. Valemus is Australia’s second-largest construction company with ‘secured future revenue in excess of A$5bn’.
2 min read · 24 January 2013
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based buyout titan has been steadily increasing its exposure to the sector.
3 min read · 24 January 2013
The mystery of who would be the fourth member of the equity syndicate for Gatwick Airport has been solved, with Australia’s Future Fund paying £145m for a 17.2% stake in the Global Infrastructure Partners-owned asset.
1 min read · 24 January 2013
The Carlyle Group has sold a large office in London to JP Morgan, just months after acquiring it as part of a wider portfolio for £671m. It was the latest in a busy month of acquisitions for the Wall Street Bank.
2 min read · 24 January 2013
Altis Property Partners, a Sydney-based private equity real estate firm set up in 2008 by ex-ICA Property Group executives has held a first closing for its debut fund.
2 min read · 24 January 2013
