Bridge Capital, a South African corporate and property advisor, is launching a €130 million fund to take advantage of South African opportunities. The firm points to IPD, whose world property index suggests the South African market has been one of the best performers in the last six years.
1 min read · 21 January 2013
KPMG, which was appointed to liquidate the bulk of Lehman Brother’s non-Japan real estate assets, has completed the sale of seven out of nine loans and bonds issued by the collapsed bank.
1 min read · 21 January 2013
As it nears the $2bn mark in a $2.5bn fundraise, UK private equity firm GI Partners' portfolio company Orchid has purchased 10 businesses from collapsed pub chain Bar Room Bar. Orchid had previously sold Bar Room Bar for £20m.
1 min read · 21 January 2013
The West coast debt shop has garnered $420m in commitments from LPs for its latest vehicle, the Mesa West Real Estate Income Fund II. It will continue fundraising until the end of the year, PERE has learnt.
1 min read · 21 January 2013
One of the largest private equity real estate platforms in the world will become independent of its bankrupt parent company, PERE has learned. The spin-out will include Mark Walsh, instrumental in steering Lehman’s overall real estate strategy for more than 20 years.
2 min read · 21 January 2013
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
2 min read · 21 January 2013
Walnut Creek, California-based Sequoia Equities will target high-net-individuals as it looks to raise $100m for buying distressed construction and development loans.
1 min read · 21 January 2013
The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.
2 min read · 21 January 2013
The US firm is making the investment for the CB Richard Ellis Strategic Partners Europe Fund III.
1 min read · 21 January 2013
The country is the most active “exporter” of real estate investment capital to date in 2009, according to Real Capital Analytics. Global transaction volumes in 2Q were an estimated $48.6bn – almost level with 1Q. Plateau has been reached but 'no recovery in sight'.
1 min read · 21 January 2013
