The private equity real estate firm – which last year took on former CalPERS Real Estate head Mike McCook as advisor – has resolved an argument with the activist shareholder of its publicly-listed fund. Trikona says opportunities in Indian real estate are to be found in ‘deep value’ not distress.
2 min read · 22 January 2013
Economic turbulence is throwing up opportunities for emerging market-focused private equity and real estate funds to make investments at favourable prices, but capital-constrained LPs are urging caution.
2 min read · 22 January 2013
The fund is the GCC region’s first sharia-compliant mezzanine vehicle and will provide financing to a mixed-used development in Qatar.
1 min read · 22 January 2013
China Everbright Holdings intends to establish the real estate fund before June next year, and will coinvest up to $50m. The fund will be managed by its new private equity arm, the Alam Group, which will be renamed Everbright Alam.
1 min read · 22 January 2013
Lehman Brothers and Starwood Capital are putting le Méridien Hotel on London's Piccadilly on the block. The hotel was bought as part of a package of properties in 2005. Le Meridien is expected to sell for around $140m.
1 min read · 22 January 2013
China's real estate sector has expanded in terms of investment deals, with $25bn of property transactions in the first half of the year. However it has been mainly driven by domestic investors. Deals by foreign firms declined by more than two-thirds over the past year.
2 min read · 22 January 2013
The US pension committed €200m to Blackstone’s latest Europe-focused property fund, Blackstone Real Estate Partners Europe III.
1 min read · 22 January 2013
Following HarbourVest’s decision to walk away from a signed secondary transaction last week, sellers of private equity fund interests are concerned that buy-side MAC clauses will complicate secondaries activity even further.
2 min read · 22 January 2013
While declining to make a declaration of unacceptable circumstances over Lend Lease’s proportional takeover offer for the listed retirement village fund, the Australian Takeovers Panel requested the two parties not execute the first part of their agreement before the shareholder vote on 17 November.
2 min read · 22 January 2013
Though the results reflect a slowed investment pace constrained by bank lending, the listed infrastructure fund headlined £50.3m in profits. Managing partner Michael Queen said 3i Infrastructure wants to be part of a Gatwick Airport deal.
2 min read · 22 January 2013
