The Bahrain bank, led by Sheikh Mohammed Issa Mohammed Al Khalifa, has committed £39m to three developments with London-listed student accommodation group, Unite.
1 min read · 21 January 2013
Max Property Group says it debut purchase of a £232 million package of properties out of receivership has been put into doubt because receiver Ernst & Young says it has not been able to meet the conditions of the deal.
1 min read · 21 January 2013
Brookfield Asset Management, the Toronto-based real estate and infrastructure investment firm has formed a $4 billion investment consortium aimed at investing in underperforming real estate worldwide.
2 min read · 21 January 2013
A combination of deteriorating fundamentals, lower property values and constrained capital markets will prove a “tall order” for many US investors, according to PREI. However, the firm says the speed of the current downturn could mark the start of ‘cautious optimism’ about US real estate.
2 min read · 21 January 2013
The private equity vehicle of US billionaire George Kaiser has completed the largest office deal in San Francisco so far this year. Argonaut Private Equity Group has bought a $40.8m note for the central business district office.
1 min read · 21 January 2013
Amid a firm shake- up, a market-wide fundraising slowdown, and a potential ban by the SEC on certain US placement activities, CP Eaton has seen two professionals depart the firm in the span of two weeks.
2 min read · 21 January 2013
As part of the US REIT’s efforts to reduce its debt load, Maguire Properties is handing over control of seven buildings once valued at more than $1 billion. The properties were bought between 2004 and 2007. LBA Realty is reportedly taking over one asset, Park Place I.
2 min read · 21 January 2013
Robert Gifford, the former AEW veteran, has been appointed president and chief executive officer of the troubled insurance group. Former COO of Scanlan Kemper Bard Companies William Glasgow has been named chief restructuring officer.
2 min read · 21 January 2013
Around 20 banks have been involved in refinancing in the first six months of the year, but the firm reports it hasn’t encountered any difficulties.
1 min read · 21 January 2013
Black Sea Global Properties (BSGP), the Romanian property company led by Dinu Patriciu, is close to finalising its takeover of London-based fund manager Rutley European Property after increasing its stake in the European fund manager to 75.6%.
2 min read · 21 January 2013
