Mountgrange Investment Management, which raised its debut opportunity fund in 2009, is backing a venture to develop 15 London budget hotels under a franchise agreement with Tune Hotels run by Asia entrepreneur Tony Fernandes.
3 min read · 24 January 2013
The London-based multi-manager group has appointed Bart Coenraads as head of its operations in the Asia Pacific region, as it eyes increased secondaries, and some recapitalisation, opportunities.
2 min read · 24 January 2013
The US firm is committing to a £37m JV with operating partner, The Local Shopping REIT, to invest in retail parades and precincts.
2 min read · 24 January 2013
The firm, founded by Jeff Krasnoff and backed by Lennar, has already acquired one of the largest FDIC portfolios to date for its Rialto Real Estate Fund, which is believed to be targeting $750m.
2 min read · 24 January 2013
The Swiss-headquartered alternatives firm has already deployed 30 percent of its equity in regions including North America, Latin America, Europe and Asia Pacific.
1 min read · 24 January 2013
London-based listed fund manager, Intermediate Capital Group, is likely to expand its operations into other asset classes such as infrastructure and real estate.
1 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
Citibank is to become MGPA’s anchor tenant at its mammoth Marina Bay development. The investment bank is to take 250,000 sq ft on a 10-year lease at the development’s Asia Square Tower 1 development.
2 min read · 24 January 2013
Ohio Fire and Police commits to the $500m Savanna Real Estate Fund II as it targets office properties in NYC, DC and Boston areas. The firm recently closed on two distressed note sales in NYC, including 104 W. 40th St.
2 min read · 24 January 2013
The London-listed investment management firm has been granted extra funds by existing Middle Eastern partners, and has acquired a distribution portfolio for £123m.
2 min read · 24 January 2013
