The Paris-based firm has raised more than a third of the capital it is seeking for a pan Europe vehicle aimed at creating assets
1 min read · 24 January 2013
As demand for GSA-leased properties in Washington DC and beyond continues to rise, AREA sells a 130,000 sq. ft office at 500 First Street NW for $68m to REIT First Potomac. The office was bought for $45m in 2008 in JV with Van Ness.
2 min read · 24 January 2013
The $132.2bn public pension is shifting its attention away from value-added and opportunistic strategies, and sets an overall benchmark for the asset class to meet: a minimum of 9.25% net of fees.
3 min read · 24 January 2013
Andrea Pauls Backman has joined as managing director and portfolio manager in charge of the San Francisco-based firm’s core and value-added separate accounts.
2 min read · 24 January 2013
LPs around the world, including CalSTRS, are eyeing greater core exposure, but how do they balance that against a need for higher returns? By Zoe Hughes
3 min read · 24 January 2013
More than 300 delegates attended the PERE Forum: Europe 2010 conference in London last month, among them Brookfield's Bruce Flatt, GIC Real Estate's Bernard Phang and The Wellcome Trust's Peter Pereira Gray.
2 min read · 24 January 2013
John Crocker, a veteran of Citi's private funds group, Capital Z Investment Partners and Credit Suisse, will market private equity, real estate and infrastructure funds in Australia and New Zealand.
2 min read · 24 January 2013
Washington-based The Carlyle Group has made its first UK acquisitions since 2008 with the £671m purchase of six office assets in London. The investment was made from its €2.2 billion Carlyle European Real Estate Partners III fund.
2 min read · 24 January 2013
Vornado Capital Partners has raised $350m of equity from institutional investors and $200m in co-investment from the REIT, as it targets $1bn for its value-added vehicle.
1 min read · 24 January 2013
A quarter of all LPs questioned in a JPMorgan Asset Management survey said real estate offered the greatest investment opportunity over the next three to five years.
3 min read · 24 January 2013
