The London-based retail fund manager aims to acquire up to five shopping centres in Egypt over the next five years through a new fund to be jointly managed with Cairo-based Palm Hills Development.
1 min read · 24 January 2013
Despite reporting -10.15% returns for the state’s largest pension fund, the Florida State Board of Administration says the asset class is performing significantly better than the benchmark.
2 min read · 24 January 2013
The owner of 885 Third Avenue has filed a pre-negotiated bankruptcy plan for the asset after reportedly defaulting on a $210m loan. The Royal Bank of Canada, which supports the plan, had sued to force a sale of the tower.
2 min read · 24 January 2013
The Japanese buyout firm has invested an undisclosed amount to buy TeleGuam Holdings from US-based Shamrock Capital.
2 min read · 24 January 2013
The Swiss-headquartered global alternatives investor has established a base in Seoul and appointed Alex Cho to head its Korean efforts. The appointment will bring the firm closer to clients including Korea Investment Corporation.
2 min read · 24 January 2013
The Los Angeles-based firm has created a new position to enlarge its business in Europe by appointing Jean Lamothe as president
2 min read · 24 January 2013
The New York-based firm has acquired two Atlanta multifamily properties, formerly owned by Fairfield Residential, out of foreclosure. Fairfield filed for Chapter 11 bankruptcy protection in 2009.
2 min read · 24 January 2013
Eight months after being selected as the preferred bidder, the real estate arm of Leon Black’s buyout shop has formally taken over the Citi Property Investors platform and funds. Apollo is believed to have paid a ‘nominal’ fee for CPI.
2 min read · 24 January 2013
The move is part of a strategy to manage a series of focussed funds rather than a large pan Europe effort.
1 min read · 24 January 2013
Sniper Capital’s first private real estate opportunity fund has made inroads into its $100m capital raising. The Macau-focussed vehicle is expected to buy undervalued properties for redevelopment into non-gaming leisure assets.
1 min read · 24 January 2013
