The C$151bn Canadian pension has combined its shopping centre group Ivanhoe Cambridge and office and residential firm SITQ into one company, Ivanhoe Cambridge Group.
2 min read · 18 January 2013
The firm’s $10.9bn Blackstone Real Estate Partners VI fund is 82% invested, triggering the firm’s next mega fundraise, believed to be Fund VII. News of the fundraise comes on the back of Blackstone’s real estate portfolio increasing in value by 8.7% in the first quarter.
3 min read · 18 January 2013
The New York-based firm has made three hires for its investment team, one each for the Americas, Europe and Asia.
1 min read · 18 January 2013
PERE has learned that the Abu Dhabi Investment Authority has invested a majority of the equity behind AMB’s $588 million joint venture in China.
2 min read · 18 January 2013
The Des Moines, Iowa-based fund manager has hired Douglas Harper as managing director in charge of its US fundraising operations.
1 min read · 18 January 2013
ARA Asset Management has launched the second in its pan-Asia ARA Dragon Fund series. The fund is expected to have similar investment targets as its predecessor but with a greater weighting towards China.
2 min read · 18 January 2013
The New York-based firm has closed Savanna Real Estate Fund II after exceeding its original target.
2 min read · 18 January 2013
Former New York state comptroller Alan Hevesi was sentenced to up to four years in prison for his involvement in New York’s massive pension pay-to-play scandal that rocked the placement agent world.
1 min read · 18 January 2013
The French insurer has taken fundraising for AXA Commercial Real Estate Senior 1 to more than half a billion Euros having corralled an additional €180 million since January.
2 min read · 18 January 2013
Alabama-based alternatives asset management firm Harbert Management Corporation has raised €110m for its Harbert European Real Estate Fund III fund. The firm is expected to close fundraising for the vehicle later this year.
2 min read · 18 January 2013
