With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
2 min read · 21 January 2013
John Bottomley has left Citi Property Investors after five years with the firm. He has joined New York-based The Rockefeller Group. The departure follows the loss of CPI's Asia Pacific investments head David Schaefer and the cancellation of the firm’s second Asia real estate fund.
1 min read · 21 January 2013
Manchester Airports Group and Borealis are now in pole position to acquire Gatwick Airport after BAA rejects GIP’s £1.35 billion bid. The elimination comes less than a week after Citigroup's Lysander group was dropped from contention.
2 min read · 21 January 2013
Alabama-based Harbert Management acquires Lyon Business Park from Goodman’s European Business Park Fund.
1 min read · 21 January 2013
The Boston-based firm finally triumphed in its pursuit of the bankrupt, members-only club in Montana after originally bidding $470m for the resort in 2008. Yellowstone has been subject to a drawn out court battle over its future.
2 min read · 21 January 2013
Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
2 min read · 21 January 2013
In Asia, sales of industrial properties fell 95% compared to a year earlier, while in the US the vacancy rate for industrial buildings rose to 12.2% – the highest level since 1989.
1 min read · 21 January 2013
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.
2 min read · 21 January 2013
The firm AREA Property Partners has bought a minority stake in a UK retail park fund and has formed a company to undertake strategic asset management of the properties.
2 min read · 21 January 2013
Michael Russell has joined the emerging markets firm having previously served Chelsea Football Club and a development company on behalf of Hong Kong businessman, Victor Hwang.
1 min read · 21 January 2013
