Standard & Poor’s has a bleak outlook for the US retail sector in 2009. The ratings agency has ranked three retail companies backed by private equity firms at risk of defaulting on their debt payments.
3 min read · 21 January 2013
The firm says it has made aggregate returns of almost 70% from UFG Real Estate Fund I following the divestment of two more assets in St Petersburg, Russia. The assets were part of a 121-hectare industrial park, south of the city, and sold to a Russian manufacturing firm and logistics company.
1 min read · 21 January 2013
The potential for asset fire sales in Japan from the country’s listed property sector became clearer today after it emerged that of 33 quoted companies to go bust in 2008, 25 of them were property focused. The number of bankruptcies in 2008 beat the previous record set in 2002, of 29.
1 min read · 21 January 2013
The property services firm makes its second raid on Barclays Capital in three months as it looks for a brighter future and creates a point of contact for private equity firms. Serkan Bektas will become DTZ's new head of capital markets, following in the footsteps of ex-Barclays COO Pail Idzik, who moved to be DTZ's CEO last November.
1 min read · 21 January 2013
David Swensen, chief investment officer of Yale’s $17bn endowment, said efforts to emulate Yale’s investment strategy would fail if other institutions use consultants and funds of funds to make investment decisions, instead of hiring a team of in-house professionals, according to a report.
2 min read · 21 January 2013
AEW Europe has sold an asset in Hamburg acquired for its €759m European Property Investors fund, the predecessor to its second opportunity fund, which raised €788m last year.
1 min read · 21 January 2013
Close Brothers has warned that commercial property companies, banks and investors must look for creative restructuring and refinancing solutions in the face of a second wave of the credit crunch.
1 min read · 21 January 2013
A continuing bear market could leave the London-listed buyout group with net debt to equity levels of more than 70%, according to analysts at Morgan Stanley.
1 min read · 21 January 2013
Only half of the 32 participating private equity firms are in full compliance with the BVCA-backed Walker Guidelines, the first report shows. The guidelines were established in 2007 by David Walker. Participating private equity firms include The Blackstone Group, 3i and Kohlberg Kravis Roberts.
2 min read · 21 January 2013
The Netherlands-based firm has added the €125m Nisa Liberec Shopping Centre to its central Europe fund.
1 min read · 21 January 2013
