Gautam Bhandari, previously part of the bank’s investment banking division in New York, is moving to Mumbai to head up Morgan Stanley Infrastructure as it seeks to invest part of a $4bn global fund in India, the Middle East and Sub-Saharan Africa.
1 min read · 22 January 2013
The Indian real estate fund has invested in one of the first ‘green’ developments in India, being built by the 3C Group in Noida.
1 min read · 22 January 2013
The private real estate investment firm has acquired nine multifamily properties in the Austin, Texas market, betting on the area’s strong demographics.
2 min read · 22 January 2013
The private equity real estate firm has partnered with US-based real estate investment firm ConAm to acquire a 456-unit apartment complex in Sacramento, California. The pair plan to upgrade the property and increase rents.
1 min read · 22 January 2013
The private equity arm of the Middle East investment bank holds a first close on its Saudi Hospitality Fund on $240m. The fund – said to be the first Saudi Arabia-domiciled private equity real estate fund –will develop 17 hotels and apartments in the kingdom.
1 min read · 22 January 2013
Equity Office Properties, the REIT acquired by Blackstone for $39bn last year, has sold a 1.1m-square-foot office complex in Texas to real estate investment firm Spear Street. The complex includes 13 buildings and two development sites.
2 min read · 22 January 2013
Creating a dedicated website explaining the firm’s approach to corporate responsibility is just another natural step in the evolution of a private equity firm, says Patrick Dunne, the global firm’s communications director.
2 min read · 22 January 2013
The Miami, Florida-based firm has launched its fourth real estate vehicle to target distressed or under-managed office properties in the southern US region. The vehicle will also consider multifamily investments with ‘extreme distress.’
2 min read · 22 January 2013
Joseph Azrack, the former president and CEO of Citi Property Investors, will join Leon Black’s new real estate arm, a separate entity from the veteran real estate firm named Apollo Real Estate. Apollo Global's operation will focus, initially, on distressed debt and recapitalizations.
3 min read · 22 January 2013
Prupim has announced a second Tesco portfolio purchase a day after it was revealed that the UK’s largest supermarket has sold £605m of property to real estate investors. The move is part of a sale-leaseback deal that will fund Tesco's expansion into the competitive Indian wholesale food market.
2 min read · 22 January 2013
