The real estate investment firm’s $70m Land Development Fund has entered into a 50/50 joint venture on a 47-acre plot of partially develop land.
1 min read · 21 January 2013
KKR's infrastructure fundraising poses challenges and opportunities for existing GPs in the infrastructure asset class, argues Cezary Podkul.
2 min read · 21 January 2013
The German government is reportedly taking legislative action which could force a consortium led by US firm JC Flowers to sell its 24 percent stake in stricken Germany-based commercial real estate lender, Hypo Real Estate.
1 min read · 21 January 2013
Spanish bank Santander has asked Spain’s financial regulator for permission to halt redemptions at its Santander Banif Inmobiliario FII fund. Investors have been rushing to exit ahead of the publication of a revaluation of assets as Spain plunges into recession.
1 min read · 21 January 2013
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
1 min read · 21 January 2013
PERE Forum: Asia 2009. Jonathan Brasse reports on the top ten issue that came out of the conference.
3 min read · 21 January 2013
Chief financial officer Luc Leroi and Arnaud Bricout, who manages Orco’s corporate finance department, have resigned from the property group. Some 220 people have lost their jobs under restructuring plans so far.
2 min read · 21 January 2013
The Chicago-based fund manager has completes its tender offer to buy retirement community REIT, American Land Lease, after twice extending the deadline. The firm set a minimum tender of 88% of outstanding shares and achieved just 85.5% on the first outing.
1 min read · 21 January 2013
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for it second global infrastructure fund and €5bn for its second European infrastructure fund.
1 min read · 21 January 2013
Blackstone Infrastructure Partners, in pre-marketing mode for its debut fund, will seek to raise one of the larger infrastructure funds yet. Last year the firm hired two Macquarie managing directors to head its infrastructure team.
2 min read · 21 January 2013
