The direct asset management arm of NAB has acquired a 35% non-controlling interest in the New York private equity real estate firm as AREA looks to expand its institutional base and fund operations.
2 min read · 18 January 2013
Land and property prices continue to rise in Brazil’s two largest cities, São Paulo and Rio de Janeiro, but local GPs and industry groups say fears of a bubble are overblown with the country “buying for growth”.
2 min read · 18 January 2013
The Boston-based private equity real estate firm was expected to launch Rockpoint Real Estate Fund IV in the first quarter targeting a similar amount to its predecessor, Fund III, which closed on $2.5bn in 2007.
2 min read · 18 January 2013
The international investment strategy of Korea's National Pension Service is leading the way for Asia pension funds struggling to service growing retirement benefits, delegates heard at MIPIM Tuesday.
3 min read · 18 January 2013
Jeffrey Rutishauser has been appointed senior managing director of the New York-based private equity real estate group responsible for acquisitions and capital raising.
1 min read · 18 January 2013
After allocating $75m to three Brazil GPs, the real estate equity investment arm of the US insurance group is considering investments in the Asia-Pacific region, possibly India, as it seeks to create a global property portfolio.
1 min read · 18 January 2013
The SoTan China Real Estate I vehicle has raised $200m from a group of LPs and $200m from TAN-EU’s JV partner Shui On Construction and Materials. It will primarily target residential anchored mixed-use developments in China’s second tier cities.
1 min read · 18 January 2013
The real estate investor and former president of Istanbul football club Besiktas has held a €32m inital close on the private equity real estate fund, which is targeting hotel and residential opportunities in the country.
1 min read · 18 January 2013
Allianz will commit €400m to the venture – it’s largest industrial JV ever – as it looks to target logistics deals in the Eurozone.
2 min read · 18 January 2013
The Toronto-based pension fund’s overall return for 2010 was 12 percent, up from 10.6 percent in 2009, thanks partly to outperformance by its real estate and infrastructure divisions. Its private equity platform, on the other hand, underperformed.
2 min read · 18 January 2013
