Nine out of 10 office leases offer free rent concessions with the average concession an estimated 6.8 months, a PwC survey has revealed. It comes as the national cap rate for office properties drops to 7.4%, with cities such as New York falling to 6%.
2 min read · 18 January 2013
The Kuwait Investment Authority is reportedly launching a fund targeting local real estate markets.
1 min read · 18 January 2013
The Leon Black-led firm has $10bn of dry powder for private equity investments and has spent about half of its $14.7bn seventh fund, which closed in 2008.
3 min read · 18 January 2013
The global bank has signed up to buy three retail malls in China with British supermarket chain Tesco and Singapore-listed Metro Holdings.
2 min read · 18 January 2013
As the two industrial fund managers work towards a merger, the firms report damage estimates from the earthquake and tsunami. AMB said 40% of the $6m in damages suffered to its portfolio applied to its $673m Japan Fund.
2 min read · 18 January 2013
The New York-based firm purchased the interest in X-Leisure Fund from BT Pension Scheme and Hermes Real Estate for a reported £65m.
2 min read · 18 January 2013
Jonathan Levin, who was chosen to lead communications with public investors in 2009 as the firm listed on Euronext, is leaving to join hedge fund Grosvenor Capital Management in Chicago.
2 min read · 18 January 2013
Pacific Star Group has sold Capital Square for S$889m on behalf of institutional client, ERGO Insurance Group.
1 min read · 18 January 2013
Altor Equity Partners and Bure Equity will sell Northern Sweden’s largest property company, Norrvidden, with around €720m of assets
1 min read · 18 January 2013
A week after Japan’s ‘big one’ finally arrived, the human catastrophe is as yet unmeasured. Still, in the long term, international investors should not turn their backs on the country.
3 min read · 30 January 2013
