The latest research by INREV, the European Association for investors in non-listed real estate funds, has revealed that almost 90% of investors in non-listed vehicles are concerned that funds they have invested in are likely to breach loan covenants.
1 min read · 21 January 2013
The joint venture between Italy’s Pirelli Real Estate and New York-based Morgan Stanley Real Estate Investing has sold the Mercado shopping centre in Hamburg for €164 million to Union Investment, the German open-ended real estate fund manager.
1 min read · 21 January 2013
Having already corralled $4 billion of equity commitments for a global opportunity investing consortium, the Toronto-based firm has swollen its kitty by a further $1bn as two more investors sign up.
2 min read · 21 January 2013
The firm has hired four professionals from Deutsche Bank’s Asia-Pacific distressed products group.
2 min read · 21 January 2013
The private equity firms have launched Italy’s largest LBO this year for Milan-listed ‘architectural envelope’ maker Permasteelisa.
1 min read · 21 January 2013
Florida's state pension board has totally written off its $250m investment in Tishman Speyer's Stuyvesant Town/Peter Cooper Village deal, joining California's massive teachers' pension, which wrote its $100m investment in the deal to zero.
2 min read · 21 January 2013
The veteran real estate investor has reportedly launched a $625m credit fund to target distressed real estate securities. The vehicle, Zell Credit Opportunity Fund, has raised $125m to date, according to regulatory filings.
2 min read · 21 January 2013
ING Real Estate Investment Management has bolstered its management platform in Australia with the appointment of Stockland executive Denis Hickey.
2 min read · 21 January 2013
The Beijing-based insurance giant announced it would introduce plans to expand its investment horizon into alternative assets in October.
2 min read · 21 January 2013
The Singaporean sovereign fund continues its management overhaul, appointing Lim Chow Kiat and Anthony Lim Weng Kin as respective regional heads.
3 min read · 21 January 2013
