As the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
3 min read · 22 January 2013
The UK student housing developer says it could take months to pursue roughly £30 million from its private equity vehicle trapped by the collapse of Icelandic bank Landsbanki. It comes as defunct investment bank Lehman Brothers looks to sell its equity stake in a joint venture with Unite.
2 min read · 22 January 2013
As the industry steels itself against a potential regulatory backlash in Europe, certain members of the European Parliament, including Poul Nyrup Rasmussen, have railed against the pro-private equity stance of the internal markets commissioner.
2 min read · 22 January 2013
Real estate funds raised just $57bn during 2008 – compared to $85bn in 2007 – with Asia the investment destination of choice.
2 min read · 31 January 2013
The UK-based private equity firm joins the ranks of 3i, Blackstone, Carlyle, Shuaa and Investcorp, all of which have made job cuts this month.
1 min read · 22 January 2013
The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
2 min read · 22 January 2013
The ABN AMRO Highway private equity fund will work together with Vinci Concessions of France to design, build, finance and maintain a 52-kilometre expressway in the Central European nation.
1 min read · 22 January 2013
A report by PricewaterhouseCoopers warns that investors in the Manhattan, Denver and San Francisco office markets are expecting rents to fall by around 2% in 2009. Cap rates will also rise by up to 2%.
2 min read · 22 January 2013
Just $57bn was raised in value-added and opportunistic real estate vehicles in 2008 compared to $85bn in 2007. Asia, however, has become the investment destination of choice overtaking strategies focused on North and Latin America.
2 min read · 22 January 2013
Already $4.5bn worth of properties in the US have reverted back to lenders as real estate owners struggle to contend with the credit squeeze and the economic downturn. New York, LA and Las Vegas are worst affected areas.
2 min read · 22 January 2013
