The property company which Och Ziff is backing says it is in exclusive talks to buy a portfolio from receivers to a collapsed firm called Industrious.
1 min read · 21 January 2013
Future private equity real estate fund sizes could be 50% off their peaks of 2007. For GPs in market, that could mean some stark choices.
2 min read · 31 January 2013
The US lobbying group for a dozen or so mega-firms is keen to support new regulations in the States, but warns the bulk of the US private equity and private equity real estate industry may be adversely affected by proposed registration requirements.
2 min read · 21 January 2013
Richard Levin, president of Yale University, said the investment model designed by David Swensen had performed ‘spectacularly well’ for the endowment despite a 30% decline in value in the last fiscal year, according to a Bloomberg report.
2 min read · 21 January 2013
CapMan, the Helsinki-based alternatives fund manager has held a final closing for a hotel fund to invest in Finland and Sweden. The fund has already made an investment into 39 hotels and has two and half years to continue investing.
1 min read · 21 January 2013
The Association of Real Estate Funds (AREF), which represents UK unlisted vehicles, and the Property Industry Alliance (PIA), made up of various UK property associations, have fired off letters to the Treasury in London and the UK’s Financial Services Authority amid concerns about a European Union draft directive that has huge implications for private equity real estate funds operating in Europe.
3 min read · 21 January 2013
The planned takeover by Dallas-based Lone Star of Japan’s first failed REIT New City Residence Investment Corporation has been blocked by creditors after its restructuring proposal could not muster a majority vote.
1 min read · 21 January 2013
Activist investor Laxey Partners has assumed control of Italian light industrial property company Spazio Investment having taken its shareholding to 66.3%. Italy's Pirelli Real Estate, the external manager, is opposed to the takeover.
1 min read · 21 January 2013
Prudential Real Estate Investors chief Allen Smith said the firm would look to sell in ‘excess of $1bn’ of US properties this year to boost liquidity in its funds. The CEO added that there were ‘encouraging signs’ in the transactions market with some properties attracting high prices and some a high volume of bids.
2 min read · 21 January 2013
The New York-based real estate firm has bought a seven building portfolio of industrial buildings with Westcore Properties for an undisclosed sum.
1 min read · 21 January 2013
