Climate Change Capital has secured commitments from UK, Dutch and Australian investors for its debut low carbon property fund. The fund will target half its capital on the south east of England, retro-fitting properties to higher energy standards.
1 min read · 22 January 2013
The New York-based private equity real estate firm has changed its name to AREA Property Partners, effective from January next year, following Leon Black’s decision to expand his Apollo Global buyout shop into the real estate space.
2 min read · 22 January 2013
The UK mid-market firm has reunited with the management team behind Optimum Care and Avery Healthcare to create a new care home company, which will develop new nursing and dementia care homes and buy existing assets.
1 min read · 22 January 2013
The listed real estate fund manager has formed a JV with Capital Realty to help it target Japanese real estate acquisitions through its latest fund, Invista Real Estate International. The fund is being run by investment director Hugo Vere.
2 min read · 22 January 2013
With its real estate allocation currently over target and returns in the year to June just 4.9 percent against a benchmark of 10.8 percent, the $15.7bn US pension says plans to commit $100m to the asset class over the next nine months will be put on hold.
2 min read · 22 January 2013
The resort operator, which was reportedly in danger of filing for bankruptcy, has refinanced its loan on the day it came due. Intrawest owns and develops resorts in the US and Europe, including Whistler Blackcomb, a host venue for the 2010 Olympic Winter Games.
1 min read · 22 January 2013
The Chicago-based private equity real estate firm has joined forces with former EOP executive Mark Scully to help expand the firm’s retail/mixed-used platform in Colorado.
1 min read · 22 January 2013
The California pension has committed $400 million to Starwood’s $3bn Global Hospitality Fund II, which is targeting 20% IRRs. This summer, Sternlicht said he was rapidly expanding his latest hotel brand: the Baccarat, based on the famous crystals.
2 min read · 22 January 2013
The Los Angeles ‘full service’ real estate firm will leverage its close relationships with banks to target property buying opportunities. The fund will focus on the US West Coast, Hawaii and Japan. Kennedy Wilson's last fund raised just $150m.
2 min read · 22 January 2013
The oldest buyout firm in France will go to market in January to raise the successor to its €150m small-cap fund raised in 2006. Meanwhile, its latest mid-market fund, reportedly targeting €1.2bn, will close before the end of the year.
1 min read · 22 January 2013
