Deals

LaSalle, Canada Pension Plan buy German mall for €157m

Chicago-based LaSalle has joined with the Canada Pension Plan Investment Board to buy a shopping centre for €157.3m from a liquidated German open-ended fund

GI Partners’ firm buys in Germany

Elystan Capital Advisers, which was formed earlier this year, has acquired an asset in Munich as it looks to build a value- added portfolio

US banks will selectively sell troubled loans over next few years

After closing on a 400,000 sq. ft. industrial property acquired through a distressed note sale, the Magellan Group says it’s about ‘shooting with a rifle, not a shotgun’.

Fund managers eyeing greater control in Brazil

As real estate funds eye the Latin American country for opportunities, the heads of the non-profit ADIT group say increasing numbers are looking to private, mid-market partners for deals compared to take-public transactions.

UBS hires Asia vet Johnson for senior role

Richard Johnson, who quit as CEO of Standard Chartered Asia Real Estate Fund in August after the bank parted ways with joint venture partner Istithmar, has joined Swiss bank UBS.

Europa and Australia’s Goodman join forces

London-based Europa Capital Partners and Sydney-based REIT, Goodman Group, are to scout land to develop distribution facilities and logistics property across the UK.

Pacific Star appoints research and strategy head

Singapore-based Pacific Star has appointed former Jones Lang LaSalle executive Leslie Chua as senior vice president, research and strategic planning for Asia Pacific.

Macau opportunity fund to develop 1.5m sq ft shed in China

Sniper Capital-managed London-listed Macau Property Opportunities Fund is to begin development on its first investment in mainland China, an industrial warehouse scheme.

Schwarzman: Real estate ‘shake-out’ coming

The Blackstone Group will not have a problem attracting LP capital for its next real estate funds, unlike other firms, according to the firm’s chief Steve Schwarzman.

Red Fort commits $26m to Delhi office

New Delhi-based private equity real estate firm Red Fort Capital has formed a joint venture with local developer Parsvnath Developers to build a 300,000 square foot office. The firm has committed $26 million in equity to the project.