The sale-leaseback firm has acquired part of the newspaper publisher's headquarters for $225m. The firm bought the 21-story condo interest all-equity with plans to refinance the property once the credit markets return.
2 min read · 21 January 2013
The global buyout fund has closed its first MENA-focused fund, which had originally targeted up to $1bn. Among other sectors, the fund will invest in the industrial and infrastructure sectors.
1 min read · 21 January 2013
Fresh from raising nearly €1bn for its eighth mid-cap fund, the French private equity firm is aligning itself to take advantage of market dislocation. It is also raising its third small-cap fund.
2 min read · 21 January 2013
The Boston-based real estate investment firm’s offer has been approved as a stalking horse bid. CrossHarbor, which has provided DIP financing to the bankrupt private members ski and golf club, previously made a reported $470m bid for the US resort in 2008.
2 min read · 21 January 2013
Asia-focused GPs face a year of working intensely with their investors, according to industry consultant and former CalPERS real estate investment officer Mike McCook. He warned delegates at the 2009 PERE Forum in Hong Kong to maintain constant dialogue with LPs.
1 min read · 21 January 2013
London based Palmer Capital Partners and 30 directors at UK property services firm GVA Grimley, are to launch a £75 million property fund aimed at buying distressed assets at bottom of the market prices.
2 min read · 21 January 2013
It’s yet another sign that the balance of power has shifted to LPs from GPs – at least one new US fund is being structured whereby the capital commitment of the GP is subordinated to that of the LP.
2 min read · 21 January 2013
The real estate arm of the private equity and hedge fund investment company, Kayne Anderson Capital Advisors, has acquired two properties at Virginia Commonwealth University from an Australian ING property fund.
1 min read · 21 January 2013
AREA Property Partners has teamed up with F&C REIT to buy a package of properties once owned by Dawnay Day, the property investor whose subsidiary companies were placed into administration last year.
2 min read · 21 January 2013
The private equity real estate firm has acquired part of the Bertelsmann Building in New York City through its $2.1 billion value-added fund for a reported $360m.
2 min read · 21 January 2013
