Barry Sternlicht’s Starwood Capital Group was the biggest riser in the 2010 PERE 30 ranking. Two fund closings totalling almost $2.8bn saw the private equity real estate firm launch itself from 30th place to 13th place.
2 min read · 24 January 2013
Nicholas Wong, managing director for Asia Pacific of ING Real Estate Select, the multi manager business of ING Real Estate Investment Management, has resigned from his position as the division’s restructuring leads to the consolidation of its Asia offices.
2 min read · 24 January 2013
Richard Cohen has joined the New York-based firm as managing director to help the real estate investment firm raise capital from US investors.
2 min read · 24 January 2013
Atlanta-based Invesco has held a final close for its Mortgage Recovery Fund on $1.46bn of commitments. The fund is part of the US Treasury’s Public-Private Investment Program.
1 min read · 24 January 2013
According to INREV, the European association for investors in non-listed real estate, fund managers raised €5.9 billion last year, down from €14.8 billion in 2008.
2 min read · 24 January 2013
Canada-based China Select Capital Partners has received approval from the municipal government of Suzhou Industrial Park to set up funds denominated in the Chinese currency.
1 min read · 24 January 2013
Mexico’s private pension funds will reportedly make more than $1bn worth of new investments in asset classes such as real estate, infrastructure and private equity.
1 min read · 24 January 2013
The European business led by Simon Marrison and Susan Lloyd-Hurwitz also has a new value added strategy to create core assets.
2 min read · 24 January 2013
The Sydney-based developer and fund manager closes on A$500m for its Australian Prime Property Fund Retail. The vehicle will be used to “retire debt from recent acquisitions” according to a statement from the company.
1 min read · 24 January 2013
The European firm says German and Austrian LPs have committed to its development fund targeting Austria and neighbouring countries
2 min read · 24 January 2013
