The European industry property company says the general freeze in real estate transactions has prevented it from selling as much of its Italian portfolio as it had hoped. By year end, Spazio says it expects to have sold just €70m, half its original target.
2 min read · 22 January 2013
The listed French private equity firm will have to partially write down its investment in Las Vegas casino operator, Station Casino, but it says its portfolio companies are taking necessary steps to weather the global financial storm.
2 min read · 22 January 2013
The French private equity firm will “partially” write down its $200m investment in US casino operator, Station Casino. Station is majority-owned by Colony Capital. Another Eurazeo-Colony investment, Accor, has also been hit by the economic downturn forcing the firm to inject an extra €200m into the hotel group.
2 min read · 22 January 2013
As part of the industrial developer and investment firm’s bid to reduce its debt burden by $2bn, ProLogis has refinanced property securities issued on behalf of its venture with GIC Real Estate, ProLogis Japan Properties Fund II, and backed by the firm's industrial properties in Japan.
1 min read · 22 January 2013
Morgan Stanley Real Estate focuses on commingled fund operation as it pulls out of the separate accounts business.
1 min read · 22 January 2013
The New York-based private equity and real estate firm will cut 5% of its roughly 1,400-member workforce. The news comes after the publicly listed firm reported steep losses in its third quarter earnings, despite a $13bn real estate war chest.
2 min read · 22 January 2013
James Elton has resigned from aAIM group, a week after its UK real estate vehicle went into administration.
1 min read · 22 January 2013
The EU commissioner for internal markets, Charlie McGreevy, tells the BVCA he doesn't believe private equity should be 'lumped together' with other asset classes for regulatory purposes, but warns the industry needs to increase transparency and improve stakeholder relationships.
2 min read · 22 January 2013
The real estate services firm has added a new managing director in its Poland office as it continues to target the country’s growing real estate market. CBRE advised on the sale of GE Real Estate's 3 Stawy shopping centre in Poland in October to German investment firm, Union Investment Real Estate.
1 min read · 22 January 2013
The Massachusetts-based toy company has filed for Chapter 11 protection amid steep declines in sales, a result of the overall slowdown of consumer spending. Prentice Capital Management bought KB out of bankruptcy in 2004 from Bain Capital.
1 min read · 22 January 2013
