Global placement agency CP Eaton goes bearish on the US but bullish on Europe and Asia in its latest report.
1 min read · 21 January 2013
The property arm of the US conglomerate is shedding employees at all levels of the company, as its parent unit GE Capital plans overall job losses of between 7,000 and 11,000.
1 min read · 21 January 2013
The central and eastern European retail developer has agreed to restructure an aborted €300 million rights issue in order to avoid the danger that existing shareholders Citi Property Investors and Gazit-Globe would have to make a mandatory takeover offer for the company under Austrian takeover rules.
2 min read · 21 January 2013
Transactions in the US, India, Japan, Australia and Africa all fell more than 80% in the final three months of 2008. The best performing region was Eastern Europe where sales declined by just 50%. Overall in 2008, global property deals were down 59%.
2 min read · 21 January 2013
Three high profile socialists and MEPs have written to the EU Commission president to demand action proposals for private equity regulations, following a war of words triggered by remarks from EU Commissioner Charlie McCreevy in December.
2 min read · 21 January 2013
Just as LBO firms are invading infrastructure, established infrastructure players are invading the emerging markets, writes Cezary Podkul.
2 min read · 21 January 2013
Anil Ahuja, formerly co-head of 3i Asia with Mark Thornton, has been appointed as the head of 3i's Asian operations. He will continue to lead the India team and report to Chris Rowlands, chairman of 3i Asia.
2 min read · 21 January 2013
The San Diego-based private equity real estate firm has bought four pools of discounted notes with a face value of $70m. Financial details were not disclosed, although other private equity firms are reporting discounts of up to 80%. The deal was closed in 30 days.
2 min read · 21 January 2013
The latest NCREIF/Townsend Real Estate Fund indices shows opportunistic funds down 12.3% in the three months to September, with value-added funds down 3%. In the year to September 2008, opportunity funds were off 13.1%.
2 min read · 21 January 2013
Ric Lewis, the chief investment officer of AEW Europe who decided last year to leave the business, is to set up an independent investment firm. However, he is staying on as advisor on key AEW funds.
1 min read · 21 January 2013
