Corporate finance lawyer Jacques Demers will lead OMERS Strategic Investments, a new investment division tasked with making very large investments for the pension in 'global asset companies' including airports, real estate and energy projects.
2 min read · 22 January 2013
The alternatives arm of Deutsche Bank has closed a deal to buy a ‘significant minority’ interest in Rosen Real Estate Securities. It follows the $300m investment and purchase of an equity stake in Rosen by GIC Real Estate.
1 min read · 22 January 2013
The Boston-based firm originally bought the Centennial Corporate Center in Massachusetts for $42.3m in 2004, netting them a 9% profit. It sold the Class A office property to Children’s Extended Care Center.
1 min read · 22 January 2013
The emerging markets-focused firm has already invested 12% of the fund, which will limit its use of leverage to deals in South Africa and Southeast Asia.
2 min read · 22 January 2013
The firm’s new $2.9bn emerging markets fund allowed LPs to cherry-pick specific regions and countries, a savvy structure given changing investor sentiment, writes Amanda Janis.
2 min read · 22 January 2013
The German fund manager says it is reviewing its planned purchase of the Mall of Sofia shopping centre from GE Real Estate and Quinlan Private, in light of the deteriorating financial crisis. Degi says it is vital to recheck all the financial details again.
1 min read · 22 January 2013
Voting has begun in the third annual Global PERE Awards. Which people, firms, funds and deals stood out in 2008? Cast your nominations now in the only industry awards that are voted on entirely by the participants in the private equity real estate market.
2 min read · 22 January 2013
Following last week’s suspension of trading in its open-ended International Property Fund, UK real estate fund manager New Star is in talks with banks over a reported debt for equity swap.
1 min read · 22 January 2013
The European private equity real estate group will raise a fund of funds focused on retail, commercial and residential developments in second and third tier cities in India and China. ING hopes to hold a $250 million first close early 2009.
1 min read · 22 January 2013
The Wall Street firm, whose European property fund business is based in London, has paid £32 million for Georges Retail Park in Leicester, UK.
1 min read · 22 January 2013
