Notwithstanding a dearth of exits and a few troubled deals, such as its investment in hotel group Accor, the listed French firm says its balance sheet is much healthier than its share price reflects. Its full year earnings report revealed it has written down to zero its stake in Colony-backed Station Casinos.
2 min read · 21 January 2013
DebtX, the US-based online seller of the €94m package of non-performing loans, says the UK and Spain will be the next countries to see non-performing loans sales. DebtX is also selling a smaller €14m NPL portfolio backed by assets in eastern Germany.
2 min read · 21 January 2013
Investors are circling listed core-plus vehicle Rutley European Property which said in January it had breached loan to value covenants.
1 min read · 21 January 2013
The social infrastructure investor has become the latest Babcock & Brown-managed fund to sever ties with the defunct Australian asset manager. It will also change its name to ‘International Public Partnerships Limited’, pending shareholder approval.
1 min read · 21 January 2013
The Kuwait Projects Co. plans to raise its first private equity fund, ‘market conditions permitting’, that would invest in sectors including real estate and financial services.
1 min read · 21 January 2013
Cleveland based private equity firm Resilience Capital Partners has appointed Stanley Shashoua as managing partner of its real estate fund.
1 min read · 21 January 2013
While office occupancy costs dropped in most of the world, The Middle East and Africa as well as Central and Eastern Europe saw cost per workspace per annum increase by 28% and 11% respectively in 2008.
2 min read · 21 January 2013
For private equity, Obama administration policy proposals have been big news – some of it good, some of it worrying.
3 min read · 21 January 2013
The first-of-its kind bid to lease an entire port’s operations for a $500m upfront cash payment and ongoing capital commitments has triggered a 120-day period during which the authority will accept competing proposals. Interest from competing bidders is said to be strong.
3 min read · 21 January 2013
The real estate consultant has hired former Cushman & Wakefield partner Adam Calman to lead its push into Europe. Townsend is consultant to $126.4bn California State Teachers’ Retirement System (CalSTRS), the Government of Thailand and ATP in Denmark.
1 min read · 21 January 2013
