The investment bank has formed a $500m joint venture with the National Bank of Abu Dhabi to target mezzanine investments in the UK and German property markets.
1 min read · 22 January 2013
The asset management arm of the German insurance firm has appointed Stefan Brendgen as its chairman and CIO with effect from next year. The move will release current CEO Karl Ralf Jung to return full time to managing Allianz’s private equity, real estate and infrastructure investments.
2 min read · 22 January 2013
Morgan Stanley Real Estate focuses on commingled fund operation as it pulls out of the separate accounts business.
1 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
The real estate services firm has added a new managing director in its Poland office as it continues to target the country’s growing real estate market. CBRE advised on the sale of GE Real Estate's 3 Stawy shopping centre in Poland in October to German investment firm, Union Investment Real Estate.
1 min read · 22 January 2013
Private equity real estate and private equity funds investing in Asia raised $58bn in the first 11 months of 2008, according to a study – almost two-thirds more than for the whole of 2007.
2 min read · 22 January 2013
The Middle Eastern market is being affected by the credit crunch as it looks to cut back on ‘overcapacity’. The investment bank operates various private equity and real estate funds, including a $533m Saudi hospitality fund.
2 min read · 22 January 2013
Regulators have reportedly rejected the joint venture, and instead allowed CITIC to launch a private equity arm expected to raise RMB 6bn for its first fund.
2 min read · 22 January 2013
The private equity real estate firm, which last year hired 10 RREEF executives, is targeting IRRs of 16% for its first value-added fund. The firm has also just refinanced a mixed-use redevelopment joint venture in New Jersey for $70m.
2 min read · 22 January 2013
The private equity real estate firm will invest in value-added and development opportunities in the region through its second Asia-focused real estate vehicle, according to US pension documents. It raised $410m for its first Asia-focused fund three years ago.
2 min read · 22 January 2013
