Backed by Dubai International Capital and First Eastern Investment Group, the fund’s plans to close on $1bn by October have been dashed by investors’ lack of liquidity.
2 min read · 22 January 2013
The new equity will increase CVC Asia Pacific's current 75 percent stake in PBL Media. Meanwhile the firm is going to court over an add-on acquisition to Asia Timber Products.
2 min read · 22 January 2013
The portfolio of 17 multifamily properties in five US states is a joint venture with JRK Birchmont's parent company, JRK Holdings. REIT AIMCO sold the properties owing to the dislocation in the credit markets, JRK said.
1 min read · 22 January 2013
The Indian real estate firm has appointed His Highness Maharaja Gajsingh of Jodhpur as chairman of its hospitality affiliate, Apodis. It follows the appointment of former CalPERS' real estate investment officer Mike McCook as advisor, and Dr PS Rana, former Hudco chairman, to lead its real estate and infrastructure projects.
1 min read · 22 January 2013
Funds with riskier investments should weigh their managers' compensation plans with greater helpings of carried interest, while those managers of less risky assets should be paid a more routine base salary and bonus, according to a recent report from Mercer.
2 min read · 22 January 2013
The UK's plan to raise taxes for the highest earners may cause investors to seek more favourable tax climates, such as Switzerland, Ireland and the Middle East, says BVCA chief executive Simon Walker. The UK's plans would see the highest earners pay almost 60 percent of their income in taxes.
1 min read · 22 January 2013
Zain Fancy, Roy Kwok, Bharat Khanna and Anand Madduri have joined New York's Och-Ziff to build out its Asia real estate platform.
1 min read · 22 January 2013
Vietnam firm Dragon Capital has appointed Fraser Wilson from Dutch bank ING to lead its property team.
1 min read · 22 January 2013
All change at London-based boutique fund manager Curzon Global Partners/AEW Europe as chief executive and chief investment officer, Ric Lewis, prepares to leave the business in 2009 after 20 years with the firm. The Curzon name will also be dropped.
1 min read · 22 January 2013
Real estate investment firm Intercontinental Real Estate Corporation has acquired a portfolio of six industrial buildings in Arizona, just as Chicago-based Harrison Street Real Estate Capital scooped up 19 self-storage properties across the US.
1 min read · 22 January 2013
