The Bridgeport, Connecticut-based People's United Bank has agreed a $35 million, three-year refinancing with opportunistic investor Talcott Realty. The loan is backed by the office property One Financial Plaza in Hartford.
1 min read · 21 January 2013
Peter Rhodes, managing director at Reed MIDEM UK says there will be fewer parties at the world’s largest property event as firms send fewer junior executives and the number of non-paying visitors decline.
2 min read · 21 January 2013
AREA Property Partners has teamed up with F&C REIT to buy a package of properties once owned by Dawnay Day, the property investor whose subsidiary companies were placed into administration last year.
2 min read · 21 January 2013
Some overweight real estate deals are going to sink no matter how much rescue money is thrown at them, writes Steve Felix.
2 min read · 21 January 2013
The private equity real estate firm has acquired part of the Bertelsmann Building in New York City through its $2.1 billion value-added fund for a reported $360m.
2 min read · 21 January 2013
The UK private equity firm hails the current calendar year as the year to take advantage of openings in the European property market.
1 min read · 21 January 2013
The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 21 January 2013
The reductions follow the 1,000 jobs that the Australian investment bank eliminated between September and January. Macquarie Capital Advisors lost the most staff, according to sources.
2 min read · 21 January 2013
With the exception of two individual investors currently in default – one as the result of being embroiled in the Bernard Madoff scandal – Stephen Schwarzman, Blackstone’s CEO and co-founder, said his LPs are not requesting commitment downsizings, an issue some private equity firms are dealing with amid the liquidity crisis.
2 min read · 21 January 2013
An undisclosed shareholder at Indian real estate fund Trikona Trinity Capital has asked the fund to sell its assets “in the best interests of the company and the shareholders”, according to a filing on the UK’s AIM stock market.
2 min read · 21 January 2013
