The joint venture fund between Johannesburg-based Rand Merchant Bank and Westport Property Group has almost raised half the $250 million of equity it aims to corral for its sub-Saharan development fund, thanks partly to an investment from an Abu Dhabi investor.
2 min read · 17 January 2013
Morgan Stanley Real Estate Investing has written to the investors of its latest global opportunity real estate fund confirming their vote to extend the investment period of the vehicle by another 12 months.
2 min read · 17 January 2013
The New York-based private equity firm has raised its first real estate vehicle in more than 20 years to target distressed real estate.
3 min read · 17 January 2013
Real estate private equity firm backs buyout of Motor Fuels Group, the UK’s fifth largest petrol station company. The deal inherits the London-based firm 58, mostly freehold, petrol stations.
1 min read · 17 January 2013
The London-based global property firm has found its German retail warehouse fund oversubscribed.
1 min read · 17 January 2013
The Paris-based company said it was aiming for opportunistic-level returns from European Development Venture III, as it revealed equity commitments of €588.5m mainly from pensions funds and insurance companies.
2 min read · 17 January 2013
The Greenwich, Connecticut-based firm, led by Barry Sternlicht, is targeting between $2 billion and $3 billion for Starwood Distressed Opportunity Fund IX and is offering management fee breaks for the first time in its history.
2 min read · 17 January 2013
The Atlanta-based firm is poised to hold a first close on $100 million for a value-added fund that’s targeting $350 million for distressed upscale hotel properties.
2 min read · 17 January 2013
The Los Angeles-based fund manager expects to hold a final close on its fund, which will invest in sale-leaseback opportunities, by the first half of 2012.
2 min read · 18 January 2013
The UK private equity real estate firm Brockton Capital has struck its first deal for a new joint venture with specialist retail property investment firm Pradera to acquire retail parks in the UK.
2 min read · 18 January 2013
