Details have been revealed of Carlo Puri Negri’s compensation deal for leaving Pirelli Real Estate as a board director two years earlier than originally planned. As well as a €9.4 million pay off, he will get €3 million over two years for not competing against the company and €800,00 a year for a consultancy role.
1 min read · 21 January 2013
The UK property company owned by the Duke of Westminster hopes to grow its funds business through corporate acquisitions. The strategy was part of a three pronged plan revealed by Grosvenor as it posted its year end results.
1 min read · 21 January 2013
Delayed repricing may finally be on the horizon however private equity real estate players are narrowing their focus to key cities in Russia.
2 min read · 21 January 2013
John Thornley has joined former colleague Chris Macke as chief operating officer of General Equity Real Estate after more than 25 years at the US conglomerate.
1 min read · 21 January 2013
In addition to his current role at the global private equity firm, Ming Lu will stand for election at the global real estate firm’s annual meeting of shareholders next month.
2 min read · 21 January 2013
Sam Zell has said he'd been too optimistic about the Chicago-based media company, which in December collapsed under a $13bn debt load. Zell stressed the need to find a new business model for newspapers, likening a potential Tribune merger to asking another company if it wants to 'get vaccinated with a live virus'.
3 min read · 21 January 2013
Banco Santander, is reportedly selling all the assets out of its Banif Inmobiliario fund. The Spanish bank had to ask permission recently to halt redemptions for two years at the flagship fund.
1 min read · 21 January 2013
Andrew Cuomo, the attorney general of New York, has accused a former political leader of collecting $800,000 in sham finder’s fees for directing pension investments to two private equity firms.
3 min read · 21 January 2013
Shareholders will vote today on the Dubai-based bank's fate; last month, they unanimously opted to keep the company a going concern.
1 min read · 21 January 2013
Investment in commercial real estate in London fell by three-quarters in the first three months of 2008, compared to the same period in 2008. Just £679m of property changed hands in central London in the first quarter of 2009 against £2.8bn in Q1 2008 and £3.9bn Q1 2007.
2 min read · 21 January 2013
