DTZ predicts the gap between maturing mortgages and available financing in Europe will be €115bn at best, and €156bn at worst, in 2010 and 2011. With new equity set to top €116bn over the same period, the gap could be abolished by 2012.
2 min read · 24 January 2013
Michael McNamara will lead the Philadelphia-based firm’s acquisitions and dispositions group, after Trecap took over Capmark Investments’ real estate funds business.
2 min read · 24 January 2013
Morgan Stanley Alternative Investment Partners raised $370 million for its latest secondaries vehicle – Morgan Stanley AIP Phoenix Global Real Estate Secondaries – 30 percent more than its original target. Joseph Stecher, head and chief investment officer of AIP real estate fund of funds, talks about the fundraise, the fund’s strategy and the “enduring” focus on NAVs.
3 min read · 24 January 2013
Heikki Westerlund, Capman CEO since 2005, will next month make way for Lennart Simonsen, a former M&A lawyer.
2 min read · 24 January 2013
Henning Eckermann, the Swiss alternatives manager’s chief economist, warned investors gathered at the Infrastructure Investor: Europe 2010 forum that developed markets face 75% chance of inflation in the range of 5% to 7%. As a hedge, he recommended they increase their exposure to real assets.
2 min read · 24 January 2013
The ILPA roundtable between private equity GPs and LPs had more ‘agreement than disagreement’, according to Joseph Dear, CalPERS' CIO. The summit examined the 'challenges and opportunities' facing the industry.
2 min read · 24 January 2013
The US federal government will rent upwards of 5m sq. ft. of space in the Washington DC area alone this year, more than the total public and private demand across the rest of the country. However, starting in mid-2011 a period of ‘austerity’ will begin.
2 min read · 24 January 2013
Four days after his glider crashed into a lake near the Moroccan city of Rabat, the body of ADIA’s managing director, Sheikh Ahmed bin Zayed Al Nehayan, has been recovered. Reuters has reported a "succession plan" has been set and will be announced in the coming days.
2 min read · 24 January 2013
Nakheel, the real estate company owned by troubled Dubai real estate and ports conglomerate, Dubai World, has appointed a new board in a latest effort to restructure the business.
2 min read · 24 January 2013
The emerging markets specialist is taking a majority stake in a project in Ikeja, Lagos, with debt funding coming from local players, Stanbic IBTC Bank Plc and Standard Bank of South Africa.
1 min read · 24 January 2013
