Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.
2 min read · 22 January 2013
The quoted Swiss alternative asset manager saw its private markets business, including real estate and private equity, grow by $3.4bn over the past year. However foreign exchange and hedge fund outflows hit the overall increase in assets under management in its pre-close statement.
2 min read · 22 January 2013
Retail investors were given a gloomy picture of the state of the market, after a report by UK property services firm, Colliers CRE, suggested that not only could real rents fall up to 20 percent over the next three years, but that capital values could also fall another 10 percent.
2 min read · 22 January 2013
The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360bn will come from private sources.
2 min read · 22 January 2013
As the world’s largest sovereign wealth funds benefit from rising energy prices and growing economies, many are expected to increase their allocation to the real estate asset class. A report from German real estate investment firm Degi predicts allocations will rise to 15 percent over the next few years, from an average of four to 11 percent.
2 min read · 22 January 2013
SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.
2 min read · 22 January 2013
Canadian privately-owned real estate investor, RealStar Group, is entering into private equity real estate territory by seeking to raise a €300 million opportunity fund to acquire assets in both the UK and Continental Europe.
2 min read · 22 January 2013
The New York-based firm has closed its Apollo Value Enhancement Fund VII, bringing its value-added investment fund series to $2.7bn in total committed equity.
1 min read · 22 January 2013
Mark Preston succeeds Jeremy Newsum as chief executive officer of British property group Grosvenor, owned by the Duke of Westminster. Preston was former head of the firm’s UK operations and fund management business.
2 min read · 22 January 2013
The Boston-based real estate investment firm appoints former Invesco executive Ben Maudling to lead its operations in Central and Eastern Europe. Taurus president Peter Merrigan says the firm is also planning new offices in Peru and Greece.
2 min read · 22 January 2013
