Merrill Lynch has instigated a process to sell the management of its pan-Asia real estate opportunity fund. The New York-based investment bank is thought to have begun sounding out potentially interested parties.
2 min read · 21 January 2013
Swiss-Italian financier Marc Cottino is spearheading efforts at M&A Property Investors to source €100m for a private equity real estate fund to invest in Europe and North Africa.
2 min read · 21 January 2013
Max Property Group has successfully completed an initial public offering on London’s AIM stock exchange. New York-based hedge fund Och-Ziff Capital Management and the management of the firm have put in an extra £60 million.
2 min read · 21 January 2013
Ellis Short, who co- founded Dallas-based Lone Star with John Grayken, has increased his ownership in English Premier League soccer team Sunderland AFC to 100 percent. The investment comes as UAE entrepreneur Sulamain Al Fahim has a bid accepted to buy rival team Portsmouth FC.
2 min read · 21 January 2013
The Newport Beach, California-based firm has reduced the target for its value-added fund to $600m from $1bn, according to pension fund documents.
2 min read · 21 January 2013
Normandy Real Estate Partners’ David Welsh admitted the firm was not prepared for ‘everything’ as it positioned itself to take over the Boston skyscraper. More than $600m of equity and debt was wiped out on the deal after Normandy and Five Mile Capital Partners won the foreclosure auction for the landmark tower.
2 min read · 21 January 2013
The fund, which began fundraising in mid-2008, aims to meet its target before the end of 2009, according to reports. Tata plans to develop $2.3bn of real estate projects over the next three years.
2 min read · 21 January 2013
Stockholm based Aberdeen Property Investors has grown its indirect team, Aberdeen Property Investors Indirect Investment Management, to 28 professionals after making six senior appointments across Europe and Asia. The growth of the team marks a rebuilding period for Aberdeen after a period of recent departures.
2 min read · 21 January 2013
Boston-based Alcion Ventures has joined forces with development and property management company Golub & Company to target real estate debt and equity opportunities.
2 min read · 21 January 2013
Joseph Robert is back working full time at JE Robert Companies, the parent company of McLean, Virginia-based JER Partners, after treatment for brain tumours. Robert is still receiving treatment for the growths, which have now disappeared, according to his clinical team.
1 min read · 21 January 2013
