The Toronto-based fund manager has closed on $85m of commitments from Canadian investors for its latest multifamily strategy, part of a larger vehicle targeting industrial deals as well.
2 min read · 18 January 2013
Benson Elliot Capital Management has teamed up with London-based developer Stanhope to purchase a majority stake in large office-led development in Reading, west of London. It was the first investment made from the firm’s €510m second fund.
1 min read · 18 January 2013
Norway’s sovereign wealth fund, Government Pension Fund Global, is aiming to make minimum outlays of $500m per deal. The fund, managed by Norges Bank Investment Management, plans to take 25 percent to 85 percent stakes in its investments as it seeks alignment interests with its partners.
2 min read · 18 January 2013
The city’s airport management arm is seeking investor feedback on a deal that would privatise Los Angeles’ Ontario Airport without going through the Federal Aviation Administration’s pilot privatisation programme.
3 min read · 18 January 2013
The London-based insurer has been chosen by Dutch pension fund, Stichting Pensioenfonds Medisch Specialisten, to manage its 34 unlisted real estate holdings and to advise on its future strategy in the sector.
1 min read · 18 January 2013
Tom Barrack’s Colony Capital has made a reported $35m investment in ‘hospitality, real estate development and lifestyle’ company SBE.
1 min read · 18 January 2013
The New York-based firm primarily is targeting recapitalisation opportunities, particularly in the multifamily, hotel and retail sectors. When it comes to office, though, North America CEO Richard Mack admits AREA is more “reluctant”.
2 min read · 18 January 2013
The firm, led by Leon Black, invested about $23bn through the financial downturn including more than half of its $14.7bn seventh fund, which closed in 2008.
2 min read · 18 January 2013
The New York-based firm paid $45.2m for the midtown Manhattan office property, in what was William Macklowe’s first transaction without his father, Harry.
1 min read · 18 January 2013
Mexico released statistics showing that fund managers raised more than $3bn from Mexican pensions to invest in private funds, including real estate-focused vehicles.
2 min read · 18 January 2013
