New York-based Och-Ziff Capital Management Group is backing Max Property Group, a closed-ended company to be managed by London property firm Prestbury.
1 min read · 21 January 2013
The former Principal Real Estate Investors managing director has joined Rockwood Capital as managing director in an effort to help the San Francisco-based firm deploy its $964m eighth fund.
1 min read · 21 January 2013
Paris-based AEW Europe has completed a €119.5 million purchase of seven German and Dutch logistics assets from ProLogis European Property and a €16 million purchase of warehouse in France from Goodman.
1 min read · 21 January 2013
MENA private equity group Abraaj Capital is reported to have entered talks with government owned Dubai World to buy a 15 percent stake in its ports operator DP World. The proceeds of a sale could go towards helping Dubai World’s real estate arm, Nakheel, pay down debts.
2 min read · 21 January 2013
The embattled insurance group, AIG, has sold its central Tokyo headquarters for $1.2bn. The firm said the sale attracted ‘substantial interest’ from Japanese and overseas investors. The sale is part of the group's restructuring plans after the US government provided $180bn in support.
1 min read · 21 January 2013
The private equity real estate firm founded by Dan Neidich has raised $793.9m for its second vehicle, Dune Real Estate Fund II. The vehicle is targeting $1.25bn.
1 min read · 21 January 2013
The Wisconsin State Investment Board has committed an additional $40m to two real estate funds to help them delever, including $10m to Fortress’ Fund III.
2 min read · 21 January 2013
SUN Apollo Ventures has invested more than $60 million by acquiring a stake in Mumbai-based developer, Keystone Realtors. The joint venture between AREA Property Partners and the Khemka family promoted SUN Group will also invest in the developer’s projects.
1 min read · 21 January 2013
The global buyout firm has agreed to the terms laid out by the brewery’s parent InBev, which include its right – but not obligation – to reacquire the brewery within five years on ‘pre-determined financial terms’.
2 min read · 21 January 2013
Principals from Carlyle, Macquarie, RREEF and Industry Funds Management gathered today cautioned that market will not develop across America’s ‘fifty little countries’ without strong leadership from the government in creating incentives for private investment in infrastructure.
2 min read · 21 January 2013
