The private equity real estate platform of Mumbai-based Kotak Investment Advisors has completed the long-anticipated sale of its 786,000 square foot IT park in the city suburb of Goregaon. The sale has been billed as one of the first full-circle exits by an India real estate fund to international institutional investors.
2 min read · 18 January 2013
The real estate investor and former president of Istanbul football club Besiktas has held a €32m inital close on the private equity real estate fund, which is targeting hotel and residential opportunities in the country.
1 min read · 18 January 2013
Allianz will commit €400m to the venture – it’s largest industrial JV ever – as it looks to target logistics deals in the Eurozone.
2 min read · 18 January 2013
The global manager closed on €85m in equity for its second pan-European hotel fund.
1 min read · 18 January 2013
Doug Sesler has departed from his position as global head of real estate principal investments at Bank of America Merrill Lynch. His departure comes as the Wall Street bank nears the wind-down of the platform.
3 min read · 18 January 2013
James Sunday has been named partner at the Simsbury, Connecticut-based group, while Ira Shaw has been promoted to vice president.
1 min read · 18 January 2013
The former president of GE’s US consumer retail finance arm will lead GE Capital Real Estate, after Pressman (pictured) decided to leave the conglomerate to ‘pursue interests outside the company’.
2 min read · 18 January 2013
Just weeks after securing the €350m mandate to manage the unlisted real estate holdings of Dutch pension SPMS, Aviva Investors will establish and manage an unlisted multi-manager portfolio for neighbouring LP, Philips Pensioenfonds.
1 min read · 18 January 2013
With more than 330 funds trying to raise $130bn in capital for private equity real estate strategies, 2011 is expected to see a four-fold increase in those looking to invest between $250m and $1bn of equity in the asset class, according to a Probitas survey.
2 min read · 18 January 2013
The deal means the world’s largest real estate opportunity fund – Blackstone Real Estate Partners VI – is getting closer to being fully committed. BREP closed on $10.9bn in April 2008.
3 min read · 18 January 2013
