Netherlands-based ING Real Estate, one of the largest property managers in the world, has put plans on hold indefinitely for a global real estate opportunity platform as the firm concentrates on asset management instead.
2 min read · 21 January 2013
Contra Costa County Employees’ Retirement Association is reportedly considering withdrawing a proposed $75m commitment to Morgan Stanley's latest global property fund, amid concerns over leverage and personnel changes. Contra is the second US pension to pull back on provisional commitments to MSREF VII this year.
2 min read · 21 January 2013
The California-based firm is buying the newspaper, which has a weekday circulation of 270,000, as the newspaper industry continues to contract amid plummeting sales.
2 min read · 21 January 2013
The firm's private equity arm wants to use half the uninvested capital from its $20bn buyout fund to back distressed companies and buy discounted debt.
2 min read · 21 January 2013
Terracap Partners is raising its debut fund targeting distressed properties in Florida and IRRs up to 27%.
1 min read · 21 January 2013
The fund management business owned by property services firm Savills, appoints industry veteran Peter Johnson from UK house builder Taylor Wimpey as it looks to bolster its business. It is the second senior management change at the firm in less than a month.
1 min read · 21 January 2013
Canada Land Limited, the Hong Kong-based development company, has launched CDL China Real Estate Opportunity Fund to target distressed residential assets in greater China. It plans to liquidate part of the fund through an IPO if the Chinese economy improves.
2 min read · 21 January 2013
The Cannery deal, valued at $1.75bn, is the latest sign of turmoil in the US casino industry, where several casino operators like Harrah’s and Station Casinos, are battling heavy debt loads and plummeting sales.
2 min read · 21 January 2013
Norwest Venture Partners has invested about INR770m in Bombay Stock Exchange-listed OnMobile, its first investment in a listed company in India.
2 min read · 21 January 2013
The real estate arm of global asset management group Franklin Templeton Investments holds a final close for its Asian multi-manager product.
1 min read · 21 January 2013
