RREEF bought a 'significant minority' stake in Aldus in 2007, at a time when Aldus founding partner Saul Meyer considered backing out of an arrangement in which his firm was allegedly paying illegal kick-back fees.
2 min read · 21 January 2013
A London-based start-up chaired by Paul Orchard-Lisle, the former senior partner of property services firm Cushman & Wakefield, wants to launch two funds targeting London as well as a China vehicle and an infrastructure fund.
1 min read · 21 January 2013
Speakers at the Terrapinn Infrastructure Investment World Americas conference in New York criticised the conventional wisdom regarding such assets as ‘too simplistic’ since brownfields, or operational infrastructure assets, can in practice be more risky than greenfields, or new development projects.
2 min read · 21 January 2013
The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.
1 min read · 21 January 2013
The former senior management team of London based industrial property company GPT Halverton have set up their own investment business, M7 Investment Management.
1 min read · 21 January 2013
As a kick-back scandal involving several public pensions grows in the US, LACERS is the latest pension to draft a disclosure policy for placement agents and other third-party marketers.
3 min read · 21 January 2013
Perseus Realty Partners has brought on Bill Trimble as its first chief operating officer to oversee administrative functions and investor relations as the firm grows.
1 min read · 21 January 2013
Despite few properties trading hands in the capital, Monday Properties CEO Anthony Westreich says cap rates in Washington DC are above their historical trends suggesting the metro office market may have repriced too far. Washington DC, he says, is the "best" market in the US.
2 min read · 21 January 2013
The largest pension in the US has charged its staff with creating a disclosure policy for placement agents and their fees after it was revealed that CalPERS has ties to a kick-back scandal involving the New York State Common Retirement Fund.
3 min read · 21 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 21 January 2013
