The only European real estate fund ING has launched this year, its €750m shopping centre vehicle, should hold a first close in the next three months, PERE learned at this year’s EXPO Real conference in Munich.
2 min read · 24 January 2013
The special servicer representing senior lenders to the New York residential complex are reportedly in talks with Pershing Square and Wintrop Realty over buying $300m of mezzanine debt.
2 min read · 24 January 2013
Phillip Filippelis joins as managing director to lead the firm's operations in Australia and New Zealand.
1 min read · 24 January 2013
The Washington State Investment Board has approved commitments to GTCR’s tenth fund, targeting $3bn, and Southern Cross’ fourth Latin America fund, which closed last month on $1.68bn.
2 min read · 24 January 2013
First Property Group, the AiM-listed property fund management firm, announced today it has launched an opportunity fund to invest in commercial real estate with a particular focus on Poland.
2 min read · 24 January 2013
Morgan Stanley Real Estate Investing has teamed up with German retail real estate investment and development firm Redos Real Estate to ‘invest several hundred million Euros’ in retail properties in Germany. The partnership, MSREI’s second struck this year in Europe, has started with the €150 million purchase of a 23-asset strong portfolio.
2 min read · 24 January 2013
The California giant has united its $1.1bn multifamily portfolio under GID, at the expense of BlackRock, which turned in a negative 12.3% return on its portfolio over five years.
2 min read · 24 January 2013
Just 18 months after buying the iconic building, the two firms stand to realise jumbo returns in an otherwise profit-starved property investment market.
2 min read · 24 January 2013
As part of the agreement, the general partner responsibilities of the $2.65bn Asian Real Estate Opportunities Fund are expected to transfer to Blackstone.
4 min read · 24 January 2013
New York-based alternative assets management firm Fortress is to open an office in Singapore. The office will initially host its Asia-specific macro-trading activities to be led by Adam Levinson, reportedly one of Wall Street’s top earners.
2 min read · 24 January 2013
