The Chicago-based REIT has been given an extended deadline of 19 April to buy the remaining 26.5 percent stake in Archstone from Bank of America and Barclays for an increased price of $1.5bn after its initial bid was shut out by Lehman Brothers.
3 min read · 17 January 2013
Mark Machin has been appointed president of CPPIB Asia, as the Canadian pension plan looks to enhance its investment activities, including that of real estate, in the region.
2 min read · 17 January 2013
Fresh from striking a compromise with investors in its latest global real estate opportunity fund, the private equity real estate business of Morgan Stanley reportedly is gearing up to launch a new US-focused vehicle.
2 min read · 17 January 2013
The extraordinary tale of a huge Dutch real estate fraud, a warning by the country’s Central Bank over property valuations and how the Dutch office market could be hardest hit by the unwinding of German open-ended funds.
3 min read · 17 January 2013
The results of the 2012 AFIRE Annual Survey have revealed that foreign investors intend to continue seeking out real estate investment opportunities in the US, focusing on New York.
2 min read · 17 January 2013
Pius Ho, a former senior portfolio manager at the Abu Dhabi Investment Authority, has launched Moonbridge Capital, a real estate investment management business aiming to differentiate itself as an operating partner.
2 min read · 17 January 2013
The joint venture with Westfield represents the $152.8 billion pension fund’s largest global real estate investment to date.
2 min read · 17 January 2013
The Texas pension system has committed €85 million to Aberdeen to invest in European real estate funds, with the firm’s property multi-manager team seeking value-added and opportunistic strategies.
2 min read · 17 January 2013
The Los Angeles-based real estate fund manager’s entry into the South American nation is part of a larger strategy to expand into other Latin American markets over the next two years.
2 min read · 17 January 2013
The $288 billion National Pension Service of Korea is poised to commit $300m to Blackstone’s latest opportunity fund as part of a strategy to increase its exposure to higher return investments. A beauty parade to select two more opportunity funds is expected to follow.
2 min read · 17 January 2013
