With distributions from real estate funds at a minimum and general chaos in the financial markets, limited partners are struggling to come to terms with the new global situation, according to a conference in London. It does not mean though that the real estate fund management model is dead.
2 min read · 22 January 2013
Climate Change Capital has secured commitments from UK, Dutch and Australian investors for its debut low carbon property fund. The fund will target half its capital on the south east of England, retro-fitting properties to higher energy standards.
1 min read · 22 January 2013
The Helios AR Real Estate Fund I will focus on investments in the Southeast and Mid-Atlantic US across the office, industrial, retail and related property sectors. Chairman and CEO Michael Adler said market conditions made it important to have discretionary funds available.
1 min read · 22 January 2013
Aimed at becoming one of the largest owners and operators of cattle and sheep farms in the world, the fund is close to reaching its goal of raising between A$1bn to A$1.3bn, says fund director Tim Hornibrook.
2 min read · 22 January 2013
The private equity real estate firm led by Barry Sternlicht is in talks with JJW Hotels to sell part of the Concorde Groupe portfolio in a deal worth around $2bn, according to media reports. The sale would include the Concorde Lafayette in Paris and the Hôtel Martinez in Cannes.
1 min read · 22 January 2013
The New York-based private equity real estate firm has changed its name to AREA Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.
2 min read · 22 January 2013
The UK mid-market firm has reunited with the management team behind Optimum Care and Avery Healthcare to create a new care home company, which will develop new nursing and dementia care homes and buy existing assets.
1 min read · 22 January 2013
Australia’s Goodman Group has bought out joint venture partner Macquarie Group from several property interests for $A200m. The move is part of a restructuring plan which includes asset sales and a $A955 million ($599 million) capital raising mission.
2 min read · 22 January 2013
With its real estate allocation currently over target and returns in the year to June just 4.9 percent against a benchmark of 10.8 percent, the $15.7bn US pension says plans to commit $100m to the asset class over the next nine months will be put on hold.
2 min read · 22 January 2013
The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due. Intrawest owns and develops resorts in the US and Europe, including Whistler Blackcomb, a host venue for the 2010 Olympic Winter Games.
1 min read · 22 January 2013
