The vehicle, called the Devonshire UK Opportunities Fund, is hoping to coral £300 million of equity commitments from institutions and high net worth individuals.
1 min read · 21 January 2013
Having announced an investment of over €130 million in eight warehouses in continental Europe earlier this week, the Paris-based firm has continued its logistics drive with the further announcement of a purchase of four warehouses from London-listed Brixton.
2 min read · 21 January 2013
India’s largest listed developer is reportedly preparing to sell non-core assets over the next three years to repay more than $2.8bn of debt. DLF founders this week sold 10% of the development company to raise cash to buy out private equity firm DE Shaw from property trust, DLF Assets.
2 min read · 21 January 2013
Whitehall Street's 2007 real estate fund saw its equity wiped out on a number of boom era investments, according to The Wall Street Journal.
1 min read · 21 January 2013
The European firm has bought the Forum Steglitz in Berlin for €70 million. The firm has acquired it from UK public listed company Hammerson.
1 min read · 21 January 2013
IDeA Alternative Investments has appointed as chairman Lino Benassi, whose chairmanships currently include Banca Italease and Credit Suisse Italy. IDeA plans to augment its private equity fund products with special situation, hedge, real estate and mezzanine products as well as to launch alternative investment firms in Southern Europe.
1 min read · 21 January 2013
The famed hotel on the French Riviera will be offered for sale next week through Jones Lang LaSalle Hotels. The 80-year-old property is used by film stars during the Cannes Film Festival.
1 min read · 21 January 2013
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
1 min read · 21 January 2013
The Chicago-based firm co-founded by Sam Zell and Gary Garrabrant categorically rules out investing in the US but says it wants to grow its five investments in Brazil real estate operating companies to at least seven or eight. The firm is also looking to China, Vietnam and Egypt for future deals.
2 min read · 21 January 2013
Former Hilton Hotels executive, Jonathan Benowitz has joined RockBridge as managing director in charge of the firm’s investment group. Benowitz played a key role in Hilton’s sale to The Blackstone Group in 2007 and has also worked for the Marriott Corporation.
1 min read · 21 January 2013
