The Atlanta-based investment firm has purchased the vacant asset for $27 million and plans to spend $180 million to redevelop it into a mixed-use property.
1 min read · 18 January 2013
The fund, Sarasin Sustainable Properties – European Cities, is targeting mainly Swiss pension funds, and is said to be the first real estate vehicle for institutional investors to invest solely in sustainable buildings in high-growth European cities.
1 min read · 18 January 2013
Ohio’s $76 billion pension system wants to hire a consultant to assist in the auditing and ranking of its private equity and real estate portfolios.
1 min read · 18 January 2013
The Houston-based real estate firm officially has ended its affiliation with its Chicago-based principal investment arm. The entity, now known as Pearlmark Real Estate Partners, has moved offices and is seeking capital for a new fund.
2 min read · 18 January 2013
A shift in strategy by pension funds worldwide means they now comprise around half of alternative asset managers' investor base, according to a recent survey. The survey also shows pensions’ already strong appetite for real estate continuing to grow as they seek to diversify away from equities.
2 min read · 18 January 2013
Russell Jewell, former Merrill Lynch Global Principal Investments head of Europe, has joined AEW. Chief investment officer, Rob Wilkinson, said the firm looked forward to building its private equity platform ‘as market appetite for value-add and opportunistic products increases’.
1 min read · 18 January 2013
The New York-based real estate investment firm's DRA Growth and Income Fund VII currently has $662m in commitments and is expecting a final close in September.
1 min read · 18 January 2013
The New York global asset manager has formed a strategic partnership with Driftwood focussed on acquiring and repositioning hotels across the US.
1 min read · 18 January 2013
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
2 min read · 18 January 2013
JER Partners is said to be in exclusive talks to transfer staff and asset management functions of JER’s Europe funds business to LaSalle in order to provide a more ‘stable platform’ for investors.
3 min read · 18 January 2013
