A survey has found that 25 percent of European investors are considering cutting their exposure to real estate funds in the short-term, yet investors are also planning to increase their exposure to opportunity funds.
3 min read · 22 January 2013
Kohlberg Kravis Roberts has hired Makram Azar, former global head of sovereign wealth funds at Lehman Brothers. Azar will lead its push into the Middle East and North Africa, setting up KKR's first office in the region.
2 min read · 22 January 2013
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.
1 min read · 22 January 2013
The resignation of Phil Green as a non-executive director comes less than a month after he resigned his position as the firm’s CEO. The change comes amid ongoing strategic review and restructuring at the Australian infrastructure specialist.
2 min read · 22 January 2013
The publicly listed fund of funds is now trading at almost a 50 percent discount to NAV. In a statement, the fund says it is “hopeful” that a deal for Lehman’s asset management and alternatives units “will be made within a very short period of time”.
2 min read · 22 January 2013
The troubled Australian mall owner has confirmed a $714m agreement to sell 29 of its 30 assets to a private real estate investor has collapsed. The company says the investor ‘elected to terminate the agreement’ but insisted talks were continuing.
2 min read · 22 January 2013
Lehman Brothers has filed for Chapter 11 bankruptcy protection after failing to find a buyer over the weekend. The failed bank says it is in advanced discussions with a 'number' of potential buyers for its investment management unit, which includes Lehman Brothers Real Estate.
2 min read · 22 January 2013
The fundraising trail stops now for Cordea Savills as it decides the timing for its Turkish offering is not ideal.
1 min read · 22 January 2013
As Lehman faces bankruptcy, Eva Poon finds the bank is between a rock and a very, very hard place.
2 min read · 22 January 2013
The real estate investment management firm has appointed Jack Hsu as investor services director in Hong Kong in a bid to boost CBRE’s capital raising abilities in China, Singapore and Taiwan.
1 min read · 22 January 2013
