Warnings in 2006 that Dubai would be a property disaster just like Texas in the 1970s have proved prescient. But few expect quick opportunistic deals to come out of the stricken emirate today. By Robin Marriott
3 min read · 21 January 2013
The alternative asset manager is the latest firm to hold a first close on its PPIP fund, reportedly raising $400m. Oaktree is the only manager yet to announce a first close.
2 min read · 21 January 2013
The New York-based firm has formed a $108m joint venture with Kennedy Wilson to target debt and equity interests in residential condo projects.
2 min read · 21 January 2013
In a statement released today, Abdulrahman al-Saleh, director general of Dubai’s department of finance, distanced the financial position of the state from the debts of Dubai World, a ports and real estate investment conglomerate it owns.
2 min read · 21 January 2013
The two firms are looking to carve out the gaming operations of Italian-listed leisure group Snai at the same time that Blackstone is reportedly vying to take control of Gala Coral.
2 min read · 21 January 2013
Pension scheme allocation to the asset class has halved in the last year, according to the latest survey by the NAPF.
1 min read · 21 January 2013
Saigon Asset Management is partnering with RNG Invest to launch a fund for real estate, pre-IPO investments and investments in public equities.
2 min read · 21 January 2013
UK public property company, Capital & Regional, has sold a shopping centre in south-east London to LaSalle Investment Management for £7.9 million more than its valuation at the end of September.
1 min read · 21 January 2013
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was secured by 28 assets. The REIT says it will continue to access ‘long-term capital to retire short-term debt’.
2 min read · 21 January 2013
With investor confidence sapped following the Dubai government's decision to seek a six-month “standstill” on the debt of Dubai World and Nakheel, Jones Lang LaSalle says the real danger is sovereign – not corporate – default.
3 min read · 21 January 2013
