A joint venture between the private equity firm and JV partner Abstract Nikal is planning to redevelop the former site of manufacturer Colgate. The deal was made through Carlyle's €2.2bn Europe-focused real estate vehicle, Carlyle Europe Real Estate Partners III.
1 min read · 22 January 2013
The firm has been investing from the fund for several months, including a recent $650m commitment to Reliant Energy.
1 min read · 22 January 2013
Despite the turbulence of the credit markets and its impact on Europe’s property markets, LPs will increase their allocations to real estate in the future, according to a report by CBRE. In the long-run, all investors will target an extra €250bn to the asset class.
2 min read · 22 January 2013
Shaun O’Connor, joining the firm as chief financial officer, was previously with GE Real Estate as chief financial officer for its US and European units. He was also previously with American International Group and IBM.
1 min read · 22 January 2013
A study released by INREV at the ExpoReal conference has revealed that almost two-thirds of fund managers are reviewing the terms of their vehicles, with many set to extend. It's a 'question of timing', INREV tells PERE.
2 min read · 22 January 2013
Investor confidence in the sector remains strong with a total of 79 private equity real estate deals made between August 2007 and August 2008, according to a report by Cushman & Wakefield.
1 min read · 22 January 2013
In the same week as it agreed to buy a 21 percent stake in Morgan Stanley for $9bn, Mitsubishi has struck a deal to buy a minority stake in Aberdeen. It gives the Japanese bank exclusive rights to market Aberdeen’s products in Japan, while providing Aberdeen with a fresh well of equity in the world’s second largest pension market.
3 min read · 22 January 2013
American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.
2 min read · 22 January 2013
The publicly listed fund, which almost exclusively invests in HarbourVest Partners' funds of funds, has experienced high returns on older funds formed in 1998, 1999 and 2001.
2 min read · 22 January 2013
A UK property investment firm has secured a commitment from the BP Pension fund to invest in multi-let property.
1 min read · 22 January 2013
