Despite almost 40 percent of real estate executives saying they are ‘bullish’ on US opportunities, a survey by DLA Piper reveals a majority believe the largest loan write-offs will be just 11% to 30%.
2 min read · 24 January 2013
The Radnor, Pennsylvania-based firm has closed its second fund of funds on $145m. With consultant Townsend acting as investment adviser, the fund has committed capital to Brookfield’s mega pledge fund.
1 min read · 24 January 2013
The global private equity firm has partnered with Silver Lake to acquire Interactive Data for $3.4bn. It has also agreed to buy Advent International’s UK retailer Poundland.
1 min read · 24 January 2013
Jayanta Banerjee and two other senior professionals on the Mumbai-based firm’s private equity team have resigned to set up their own private equity shop.
2 min read · 24 January 2013
Newly-formed Mountain Real Estate Capital, the acquisition and investment affiliate of lending group Mountain Funding, has closed its first five acquisitions. The group will focus on distressed assets and providing equity capital in joint ventures.
1 min read · 24 January 2013
The real estate arm of the European insurance company, Allianz, will own the Porta di Roma shopping centre – the largest mall in Italy – in a JV with Italian investment firm Corio. Allianz sold a 50% stake in the retail asset to Corio.
2 min read · 24 January 2013
The real estate placement group lost a raft of personnel last month but the group insists they will ‘surprise skeptics out there’, warning ‘we are in this for the long-term’.
2 min read · 24 January 2013
In revising its offer to recapitalise the bankrupt US REIT, Brookfield said it would use General Growth to pursue US regional mall opportunities. GGP questioned rival offer from Simon Property, owing to 'uncertain future intentions'.
3 min read · 24 January 2013
Editor of PERENews.com, Jonathan Brasse, and PEI Media sales and marketing chief, Paul McLean, will be running the London Marathon this year on behalf of Downsed, a charity which provides educational support to young people affected by Down’s Syndrome. PERE magazine May issue 2010
1 min read · 24 January 2013
PERE magazine May issue 2010
2 min read · 24 January 2013
