CITIC is reportedly in discussions with Australian bank Macquarie to buy a residential development in the city.
1 min read · 21 January 2013
PERE’s parent has been recognised in the prestigious awards’ international trade category. London-based PEI Media now has customers in 80-plus countries and has more than doubled its overseas revenues in the past three years.
2 min read · 21 January 2013
Counterparties to the largest long-term lease of an airport in US history agreed not to extend a deadline for financial close. A Citi-led consortium secured debt for the deal but fell short in raising more equity for the upfront fee. Chicago intends to rebid the airport.
3 min read · 21 January 2013
Her departure, a possibility PEO reported last week, is a huge blow to ICICI Venture, which is currently in the market for a $1.2bn fund.
2 min read · 21 January 2013
Despite glimmer of hope that the commercial real estate debt and equity markets will improve over the coming year, property CEOs warn the TALF and PPIP lending programmes must urgently unveil their plans to help real estate.
1 min read · 21 January 2013
The Japanese fund manager is planning to invest up to 35 percent of its fourth domestic opportunity fund into real estate distressed debt.
2 min read · 21 January 2013
In an effort to attract investors to its $100m Abu Dhabi focused residential fund, the UK fund manager, Lewis Charles Securities, has restructured the vehicle to provide both a dividend and a capital return.
2 min read · 21 January 2013
The level of distress in the global real estate market has risen by more than half since the end of 2008. In the first quarter of 2009, defaults on commercial mortgages and failed property companies were more than $55bn.
2 min read · 21 January 2013
The German construction giant will modernise and expand three existing schools and construct a new school center in Bavaria’s Hof district. The PPP is expected to cost €50m and will require Bilfinger to operate the schools for 21 years.
1 min read · 21 January 2013
Retail REIT General Growth has collapsed, and private equity real estate is best positioned to pick up the pieces.
2 min read · 31 January 2013
