Gordon DuGan, former chief executive, plus three other former senior executives of the New York-based sale and leaseback specialist have formed Northcliffe Asset Management to pursue a similar strategy
2 min read · 24 January 2013
The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.
1 min read · 24 January 2013
The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.
2 min read · 24 January 2013
Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.
1 min read · 24 January 2013
Land Securities, the UK’s largest real estate developer, and Canary Wharf Group, owner of assets in Canary Wharf, today announced a joint venture to build a 690,000 square foot office in the City of London. The Financial Times reported the building would be backed by sovereign wealth from China Investment Council and Qatar Holdings.
2 min read · 24 January 2013
Peter Feinberg has been confirmed as portfolio manager and senior director. He resigned from RREEF this summer, as the real estate arm of Deutsche Bank was fired as the separate account manager to MassPRIM.
1 min read · 24 January 2013
David Gilbert, the firm’s managing director and portfolio manager, has been named chief investment officer after Jeffrey Barclay (pictured) left to head Goldman Sachs’ expansion into core real estate.
2 min read · 24 January 2013
Under a pilot programme launched by the Shanghai government, so-called qualified foreign limited partners will be able to commit up to 50% of one onshore fund’s capital. Beijing and Tianjin are also said to be awaiting approval for the same programme.
2 min read · 24 January 2013
RREEF has acquired a retail asset in Shinsaibashisuji, Osaka for €170m from Socrates TMK, on behalf of an open-ended fund
1 min read · 24 January 2013
Pramerica Real Estate Investors, the Parsippany-based real estate investment business of Prudential Financial, has teamed up with US logistics developer Panattoni to acquire €100m of logistics properties in Central and Eastern Europe.
2 min read · 24 January 2013
