A $1.1 billion decline in the value of real estate investments at the Canada Pension Plan Investment Board has contributed to record losses.
1 min read · 21 January 2013
The UK-focused vehicle attracted more than 30 investors and hopes to take advantage of depressed valuations.
1 min read · 21 January 2013
With LPs increasingly seeking safety amid quality, core real estate assets, Falcon Real Estate president Jack Miller said it’s essential for all sides to have an honest debate about the type of returns they can realistically expect from real estate in the coming years.
2 min read · 21 January 2013
John Bottomley has left Citi Property Investors after five years with the firm. He has joined New York-based The Rockefeller Group. The departure follows the loss of CPI's Asia Pacific investments head David Schaefer and the cancellation of the firm’s second Asia real estate fund.
1 min read · 21 January 2013
The property investment division of UK insurer Prudential has appointed Malcolm Smith as chief operating officer. It comes as the real estate investor continues to dispose of assets. The firm has sold six properties in the UK since January.
1 min read · 21 January 2013
Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
2 min read · 21 January 2013
The firm AREA Property Partners has bought a minority stake in a UK retail park fund and has formed a company to undertake strategic asset management of the properties.
2 min read · 21 January 2013
The chief executive of Mumtalakat, the investment arm of the Kingdom of Bahrain, has outlined the fund’s strategy of expanding its investment horizons to areas including real estate. Investments will be made with third party fund managers and be done directly.
1 min read · 21 January 2013
New York Attorney General Andrew Cuomo has reached a resolution with The Carlyle Group which has seen the firm pledge to avoid hiring placement agents to obtain investments from New York’s public pensions. Carlyle has also agreed to pay $20m to ‘resolve its role’ in the investigation.
3 min read · 21 January 2013
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
1 min read · 21 January 2013
