The Alabama-based alternatives firms has sold a package of five UK logistics properties for £17.6m more than it paid for it in June 2009
1 min read · 24 January 2013
The Canadian Pension Plan will continue to target the asset class after its real estate portfolio rose in value by C$2bn in the six months to September.
2 min read · 24 January 2013
Despite still reporting a negative 10.8% return for the second quarter, the $221bn pension said its real estate performance had done much better than expected with intial estimates predicting a devastating -37.1% return.
2 min read · 24 January 2013
The fund of funds landscape is changing, argues CB Richard Ellis Investors’ Jeremy Plummer, with blind pools increasingly becoming a thing of the past. Facing a J-curve is something the sector's investors are keen to avoid, he says.
3 min read · 24 January 2013
After a $6.8bn recapitalisation involving Brookfield, Pershing Square, Fairholme, Blackstone and Texas Teachers, GGP will relist on the New York Stock Exchange with plans to sell up to 155m new shares.
2 min read · 24 January 2013
Starwood founder Barry Sternlicht has warned that in the search for yield in the US, some lenders are returning to the days of 2007 and 2008 and failing to underwrite actual cash flows.
2 min read · 24 January 2013
Singapore-listed development and fund management firm Banyan Tree has raised RMB 953 million for its first China hospitality and resorts fund. The firm aims to hold a final closing for the six-year vehicle in January.
2 min read · 24 January 2013
German pension funds, foundations, insurance companies and family offices have invested in the open-ended core fund, DIC Office Balance I
1 min read · 24 January 2013
The secondaries investor now holds 48.9 percent of the Chrysler East Building, as it eyes LPs looking to exit JV investments in core assets in the US and Europe.
2 min read · 24 January 2013
Roughly 20 months after buying the office portion of 1540 Broadway for $355m, CBRE Investors has sold a 49% stake in the property to Edge Fund Advisers and HSBC. The deal values the tower at $520m – almost half the price paid by Harry Macklowe in 2007.
1 min read · 24 January 2013
