The CEO of Allianz Real Estate Olivier Piani said lending in Europe won’t improve significantly until banks deal with their real estate assets. However, the PREA spring conference heard there’s more upside than downside to the current crisis.
2 min read · 21 January 2013
The private equity firm will sell off one of the Australian company's subsidiaries, reported to be its oncology and cardiology diagnostics business, which could fetch up to A$210m. CVC Asia Pacific bought I-Med's parent in an A$2.7bn deal in 2006.
2 min read · 21 January 2013
The two firms invested $25m in the Inner Mongolian hot pot restaurant chain in June 2006. The company was listed on the Hong Kong stock exchange in June 2008.
2 min read · 21 January 2013
Washington D.C. based Carlyle Group promotes three people to managing director level within its Asia real estate team, but says the promotions are not part of a strategy to increase the pace of its investment programme on the continent.
2 min read · 21 January 2013
The $26bn Maryland State Retirement Agency has been cleared to unwind its direct real estate investments – on the basis that the pension is not ‘big enough’ to pursue such a strategy – and will instead focus on funds and REITs.
2 min read · 21 January 2013
The Abu Dhabi Investment House is reportedly planning to launch a private equity fund to acquire distressed assets.
1 min read · 21 January 2013
In a story dated 20 March, PERE reported that David Loglisci and Henry Morris, a former political advisor to the US public pension, allegedly extracted sham ‘finder’s fees’ from various private equity and hedge funds, including a vehicle run by Paladin. The story should have read Paladin Capital Group.
4 min read · 21 January 2013
The Lake Oswego, Oregon-based firm is targeting $200m for its Real Estate Distress Fund. The vehicle will focus on distressed multifamily apartments, particularly in the Sunbelt states.
1 min read · 21 January 2013
The Sacramento-focused firm has set in place a 5% management fee that is only payable on revenue earned by the partnership. The vehicle is focused on buying raw land and finished lots in Sacramento and Reno with the intention of “holding” the assets until property markets return.
2 min read · 21 January 2013
The Paris-based property manager AEW Europe has made its fifth purchase for its European Property Investors Special Opportunities fund, which raised €800m last year.
1 min read · 21 January 2013
