The Toronto-based firms plans to invest $2.63bn into the troubled REIT, as General Growth looks to split itself in two as part of a bankruptcy reorganisation plan. Brookfield raised $5.5bn for its real estate turnaround consortium.
3 min read · 24 January 2013
During its 2009 earnings call Kohlberg Kravis Roberts shared its outlook on fee structures, fundraising efforts, and plans for an IPO on the New York Stock Exchange.
3 min read · 24 January 2013
Global Infrastructure Partners’ Michael McGhee said at a conference yesterday that the fund was planning to issue bonds later this year to refinance a short-term loan it took out when it bought Gatwick airport for £1.51bn last year. The issue would be done in Gatwick’s name, not GIP’s.
1 min read · 24 January 2013
Major changes in the fundraising industry continue with Evercore’s purchase of an eight-person private placement team from the former Lehman division.
2 min read · 24 January 2013
The upheaval among fundraisers of private equity, real estate and infrastructure funds continues with Evercore’s purchase of an eight-person private placement team from the former Lehman division.
2 min read · 24 January 2013
A Sao Paulo-based company, to be formed in an IPO on the junior London stock exchange, hopes to develop malls in the fast emerging market
2 min read · 24 January 2013
The US banking regulator, the FDIC, has placed 702 institutions on its “problem list”. Lenders have written off 2.6% of their real estate loans to date – the highest level since records began.
2 min read · 24 January 2013
The Toronto-based real estate investment firm is reportedly in talks with troubled REIT General Growth Properties to help it emerge from bankruptcy as a stand-alone entity.
2 min read · 24 January 2013
The Chevy Chase, Maryland-based firm has closed its seventh fund targeting Washington DC debt and equity opportunities.
1 min read · 24 January 2013
The LA-based real estate investment management business of global property services firm CB Richard Ellis, has won a £150 million separate account mandate formerly charged to Cushman & Wakefield Investors.
1 min read · 24 January 2013
