Johnathan Richard Perry, head of WP Carey’s international asset management group, was killed with his girlfriend as they travelled on the Q400 Bombardier plane that crashed into a house in New York state. 'He had a love for travel, for friendship and for helping others,' the firm said.
1 min read · 21 January 2013
Nation-wide job losses and increasing supply will hurt the office sector in 2009, according to Foresight Analytics. Some of the worst affected cities include Riverside-San Bernardino, in Southern California, and Charlotte, North Carolina.
2 min read · 21 January 2013
The Washington State Investment Board has made $350m in fresh commitments to private equity and real estate. It has also appointed its chief operator, Theresa Whitmarsh, as acting executive director while the pension looks to replace Joseph Dear, who will become CIO at CalPERS.
1 min read · 21 January 2013
Indian conglomerate Aditya Birla Management is seeking to offer its clients diversity through real estate and private equity as equities continue to perform poorly in India.
1 min read · 21 January 2013
Indian AIM-listed investment and development company, Unitech Corporate Parks, has changed the terms of its agreement with its investment manager in a bid to reduce its current discount to net asset value.
1 min read · 21 January 2013
KKR's infrastructure fundraising poses challenges and opportunities for existing GPs in the infrastructure asset class, argues Cezary Podkul.
2 min read · 21 January 2013
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.
2 min read · 21 January 2013
The struggling infrastructure specialist has a 13 person team in India, which it may wind down as it seeks to sells assets globally to repay the A$3.2bn it owes to a syndicate of 25 lenders.
1 min read · 21 January 2013
Sentiment from private equity firms towards investment in India is on the wane and cyclical markets like real estate are likely to be among those most affected, delegates at a Mumbai conference heard today. The message echoes last week’s PERE Forum: Asia 2009 conference in Hong Kong.
2 min read · 21 January 2013
The German government is reportedly taking legislative action which could force a consortium led by US firm JC Flowers to sell its 24 percent stake in stricken Germany-based commercial real estate lender, Hypo Real Estate.
1 min read · 21 January 2013
