Stella Group’s difficulty in repaying its debt has been compounded by its poor financial performance.
1 min read · 21 January 2013
The private equity real estate arm of the property services firm has purchased three office blocks in Los Angeles, New Jersey and West Palm Beach – including one building the firm previously owned more than four years ago.
1 min read · 21 January 2013
Colony Capital chairman Tom Barrack says the industry faces its ‘greatest opportunity and challenge’ this year, with 2009 investments expected to make ‘historically high returns’. Not all firms will survive though, with those fundraising facing significant obstacles.
2 min read · 21 January 2013
The London headquartered firm makes two senior appointments, reiterates focus on Italy.
1 min read · 21 January 2013
Despite the departure of George Bilicic as its head of infrastructure, the buyout shop is forging ahead with plans for its foray into the asset class.
2 min read · 21 January 2013
The firm says it has made aggregate returns of almost 70% from UFG Real Estate Fund I following the divestment of two more assets in St Petersburg, Russia. The assets were part of a 121-hectare industrial park, south of the city, and sold to a Russian manufacturing firm and logistics company.
1 min read · 21 January 2013
Close Brothers has warned that commercial property companies, banks and investors must look for creative restructuring and refinancing solutions in the face of a second wave of the credit crunch.
1 min read · 21 January 2013
Washington DC knocks New York City off the top global investment destination among foreign real estate investors, according to a new survey. The US was seen as the best market for capital appreciation, followed by Brazil and China.
1 min read · 21 January 2013
The Paris-based property fund manager has made its third investment for its large value-added vehicle, European Property Investors Special Opportunities.
2 min read · 21 January 2013
The fund has bought out all non-Barclays investors in another Barclays private equity-managed fund, Infrastructure Investors. The transaction is meant to give the newly raised fund ‘critical mass from the outset’.
2 min read · 21 January 2013
