The New York-based firm purchased the interest in X-Leisure Fund from BT Pension Scheme and Hermes Real Estate for a reported £65m.
2 min read · 18 January 2013
Jonathan Levin, who was chosen to lead communications with public investors in 2009 as the firm listed on Euronext, is leaving to join hedge fund Grosvenor Capital Management in Chicago.
2 min read · 18 January 2013
The pan-Asia real estate investment management business founded Suchad Chiaranussati, is now more than 75 percent invested in its second opportunity fund, enabling it to begin fundraising on fund three.
1 min read · 18 January 2013
Through a 50-50 joint venture, the two US REITs have merged $400m of debt positions in the $1.3bn New York office property owned by Broadway and Investcorp.
2 min read · 18 January 2013
Drago Capital has bought another batch of bank branches from the Spanish savings bank just four months after acquiring an initial portfolio from the same banking group.
1 min read · 18 January 2013
The unit holders of ING Real Estate Investment Management have approved its sale to an investment club led by Sydney-based Goodman Group. ING REIM has also made ‘significant progress’ in its disposal of four other listed funds with a combined A$4.14bn of assets under management.
2 min read · 18 January 2013
The San Francisco-based logistics developer and fund manager will invest $88m into the venture with HIP China Logistics, a specially created entity backed by international capital.
2 min read · 18 January 2013
The US firm has made its debut investment for its latest hotel fund, with the acquisition of five properties in Munich, Hamburg, Frankfurt, Vienna and Salzburg from operator, NH Hotels.
1 min read · 18 January 2013
Senior managing directors Michael Dorrell and Trent Vichie will form a new team that will continue fundraising for their debut infrastructure fund, which has so far attracted $400m in third-party capital.
2 min read · 18 January 2013
The chairman of Morgan Stanley’s real estate business is quitting his role as CEO of the bank’s Asia operations. He is set to return to New York in June, but reportedly declined to say whether he would remain with Morgan Stanley in the future.
2 min read · 18 January 2013
