Reports today say the Japanese government, real estate firms, and banks are acting together to establish a fund of up to ¥500 billion to shore up the country’s battered REIT sector by acquiring bonds issued by them.
1 min read · 21 January 2013
Denmark’s largest pension fund is to planning to mitigate future risk by committing its equity in smaller portions to more smaller funds as well as participating in “club style” investments. These themes were also voiced at this week’s PERE Forum: Europe in London.
1 min read · 21 January 2013
The global private equity firm will invest A$65m for a stake of 18% in the Australian waste management company and the remaining A$735m will be raised via an entitlement offer.
2 min read · 21 January 2013
As the balance of power swings from GPs to limited partners, fund managers in New York today predicted investors would call for shorter investment periods for PERE funds in a bid to boost their liquidity. In the search for capital sources though, GPs were advised to watch super and high-net-worth individuals "closely".
2 min read · 21 January 2013
Hudson Global Capital Partners is seeking to raise £75 million for a vehicle called Open Sky to buy Central London property.
1 min read · 21 January 2013
Opportunistic real estate fund managers need to underwrite potential deals with no leverage assumptions in the current environment. For deals to be attractive unlevered returns must be at least 15%.
2 min read · 21 January 2013
A second property IPO is to be staged in London as a specialist retail investor and asset manager seeks to raise £250 million. The capital raising comes one month after Max Property Group was admitted to the AIM market in London and raised £220 million.
2 min read · 21 January 2013
One month after disposing of its Tokyo headquarters in a $1.2bn sale to Japanese insurer Nippon Life, AIG has agreed to sell its Manhattan headquarters to a consortium including Korea’s Kumho Investment Bank.
1 min read · 21 January 2013
Crescent Resources, which develops and manages land in the South East and South West of the US, is a joint venture between MSREF and Duke Energy Corp. The firm said the voluntary filing would help it reduce and restructure its debt load.
1 min read · 21 January 2013
Fresh from acquiring the landmark John Hancock Tower out of foreclosure, the private equity real estate firm has appointed Mark Roopenian to manage it and other properties in Boston. Roopenian was previously with former Hancock Tower owners Broadway Partners.
1 min read · 21 January 2013
