South Korea’s largest telecommunications company, KT Corporation has appointed Kim Kyung-soo, a former Lone Star executive, to lead its newly launched property management firm.
2 min read · 24 January 2013
Sonny Kalsi, John Carrafiell and Fred Schmidt, a trio of former Morgan Stanley real estate investing heads, form new property firm GreenOak Real Estate with $110m of backing from Dutch listed company, Tetragon. The firm has formed ahead of an expected surge in distressed loan disposals, fire sales, and MBS workouts.
2 min read · 24 January 2013
The New York-based alternative assets firm has increased the firepower of its AG Asia Realty Fund II after US pension fund the Oregon Public Employees Retirement System committed $100m.
2 min read · 24 January 2013
The Steve Schwarzman-led firm, which is targeting about $738m for its debut RMB fund, expects a final close by September.
2 min read · 24 January 2013
Sydney-based real estate fund manager, Charter Hall, has launched an Australian industrial real estate investment fund with the purpose of acquiring up to A$200m of assets.
2 min read · 24 January 2013
The Washington DC-based firm is expected to close on roughly a dozen capital commitments for its US Government Properties Income and Growth Fund in the next week.
2 min read · 24 January 2013
The firm’s sixth real estate fund, which collected $11bn in 2008, has recovered from its lows of about 46 cents on the dollar to about 85 cents on the dollar, Steve Schwarzman said during an earnings call Thursday.
2 min read · 24 January 2013
Through its joint venture hotel investment company with New York’s Host Hotels, the Singaporean sovereign wealth fund is preparing to increase its exposure to Indian hospitality assets.
1 min read · 24 January 2013
The $242 billion National Pension Service of Korea is planning to grow its alternative assets allocation to more than 10 percent of total assets in 2014. The allocation represents a meteoric rise on the 3.8 percent target allocation set in 2008.
2 min read · 24 January 2013
The Zug, Switzerland-based private equity real estate firm has appointed Felicity Ambler from Aviva Investors as director of equity raising and investor relations.
2 min read · 24 January 2013
