ING Real Estate has been awarded the management of a Tokyo based pan-Asia real estate opportunity fund after its previous manager ran into financial difficulties. Following the deal, ING Real Estate now manages $4.97 billion of assets across Asia.
2 min read · 21 January 2013
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
2 min read · 21 January 2013
A survey by Ernst & Young suggests the ability to refinance maturing debt on commercial properties in the next 12 to 18 months is the single most important concern in today’s market.
2 min read · 21 January 2013
Swiss-Italian financier Marc Cottino is spearheading efforts at M&A Property Investors to source €100m for a private equity real estate fund to invest in Europe and North Africa.
2 min read · 21 January 2013
Max Property Group has successfully completed an initial public offering on London’s AIM stock exchange. New York-based hedge fund Och-Ziff Capital Management and the management of the firm have put in an extra £60 million.
2 min read · 21 January 2013
The Newport Beach, California-based firm has reduced the target for its value-added fund to $600m from $1bn, according to pension fund documents.
2 min read · 21 January 2013
Boston-based Alcion Ventures has joined forces with development and property management company Golub & Company to target real estate debt and equity opportunities.
2 min read · 21 January 2013
New York-based Apollo Global Management has assembled a core group of real estate professionals from Barclays Capital, Goldman Sachs and the forerunner to AREA Property Partners to help spearhead future investments as the firm readies itself to raise an opportunistic private equity real estate fund later this year.
2 min read · 21 January 2013
The $29bn oil and gas endowment plans to allocate 18% to a new real assets category, including real estate, infrastructure and Treasury inflation-protected securities. The target allocation to real estate is expected to increase 2%.
2 min read · 21 January 2013
As revealed by PERE last week, Citi Property Investors’ fundraising chief John Bottomley has joined the New York-based Rockefeller Group Investment Management to help grow the firm’s funds business.
2 min read · 21 January 2013
