Seller BAA says that a strong level of interest in the London airport will result in the premium over the airport’s regulated asset base of £1.75bn. Bidders reportedly include Citi, Vancouver Airport and John Hancock, which last year successfully bid $2.5bn for Chicago's Midway Airport.
2 min read · 21 January 2013
Final voting has started for the third annual Global PERE Awards. Will Blackstone retain its title as global firm of the year or will MGPA, LaSalle, Carlyle or Lone Star steal its thunder? The readers of PERE will now decide.
2 min read · 21 January 2013
The sale of Lehman Brothers Real Estate, which controls $9.7bn of funds, is expected in the first quarter of 2009, sources say. It comes as the private equity arm of the failed bank, Lehman Brothers Merchant Banking, is partially spun out as an independent firm. LPs are being allowed to reduce their unfunded commitments by 25%.
2 min read · 21 January 2013
BC Partners has admitted that the acquisition in June 2007 of UK estate agent Foxtons was the “wrong call”. The firm gave a press conference yesterday to clear the air after months of speculation about the ill health of their recently acquired asset.
2 min read · 21 January 2013
Final voting has started for the third annual Global PERE Awards. Will Blackstone retain its title as global firm of the year or will MGPA, LaSalle, Carlyle or Lone Star steal its thunder. Who will clinch the title for global industry figure of the year – Jim Quille, John Gray, Michael Pralle, John Grayken or Neel Kashkari? Only you can decide.
2 min read · 21 January 2013
The $280m joint venture fund between Blue Vista Capital Management and Place Properties is targeting $50m of equity to foreclosed and troubled student housing in the US.
1 min read · 21 January 2013
The private equity real estate firm, co-founded by AREA Property Partners’ Bill Mack and Lee Neibart, has parted company from the young fashion designer. NRDC bought two-thirds of the design company for around $10m in 2007.
1 min read · 21 January 2013
The Larkspur, California-based private equity and real estate firm is hoping to close on its $50m LRG Capital Hospitality Fund in the next few months. The vehicle will target early-stage restaurants affected with large debt loads.
2 min read · 21 January 2013
Recently formed bank grows its Shariah-compliant real estate business on the back of the appointment.
2 min read · 21 January 2013
The Dubai-based investment bank says it will avoid regulatory conflicts from a dual listing, as well as boost liquidity and trading volume by remaining traded only in Dubai.
1 min read · 21 January 2013
