The real estate mezzanine investor has closed its High Yield Partners II Fund on $243m. The vehicle will originate mezzanine loans and invest in preferred equity positions.
1 min read · 21 January 2013
The New York-based private equity real estate firm has raised €3.1bn to date for its third European vehicle, according to regulatory filings.
1 min read · 21 January 2013
The Pennsylvania-based fund of funds has raised more than $75m for the fund, Penn Square Global Real Estate Fund II, according to regulatory filings this week. The firm’s first fund closed last year on $231m.
1 min read · 21 January 2013
The multifamily investor has closed its second value-added fund after eight months of fundraising. One investor committed $75m to the vehicle.
1 min read · 21 January 2013
MGPA, the European and Asia-focused private equity real estate firm, is reportedly discussions with quoted UK property company British Land about buying a stake in the Broadgate complex by Liverpool Street station in London's financial district.
1 min read · 21 January 2013
The German government today launched its long-awaited takeover approach for Munich-based property lender Hypo Real Estate. Private equity firm JC Flowers and private equity real estate firm Grove International have said they want to retain their minority shareholding.
1 min read · 21 January 2013
The New York-based pension fund is opening its first Asian office in Hong Kong and has hired Eric Mason, who was formerly at The Carlyle Group.
2 min read · 21 January 2013
The city granted a Citi-led consortium two more weeks to agree on an extension of up to six months to reach financial close on the $2.5bn lease of the airport.
1 min read · 21 January 2013
End of an era as Italy’s Pirelli Real Estate parts company with its charismatic vice president and chief executive, Carlo Puri Negri. Puri Negri says he hopes Pirelli will “emerge successfully” from the deep crisis in the property sector.
2 min read · 21 January 2013
Vacancy rates for rental apartments in the US increased 1.2% over the past year to 7.2% – levels not seen since 2004. Rising inventory levels are pushing rents down to levels not seen in the past decade.
2 min read · 21 January 2013
