The US firm is investing part of its European fund, the €2.2bn Carlyle Europe Real Estate Partners III, on a retail development expected to be complete by the summer of 2009. The deal is part of a wider project to redevelop the coastal strip of Vado Ligure, near Savona.
1 min read · 22 January 2013
The deal, which includes residential land in Arizona, California and Florida, follows on the firm’s $150m JV investment with Riverway Properties to target the Houston residential market.
1 min read · 22 January 2013
The world's largest private manager of infrastructure assets also saw its fiscal 2009 half-year profit plummet 43% to A$604m. Its unlisted funds continued to post strong base and performance fees, while listed funds did not.
2 min read · 22 January 2013
The US Treasury Secretary says he is saving the bulk of the $700bn Troubled Asset Relief Programme money for President-elect Barack Obama. He says buying toxic assets would not be the most effective use of taxpayers' money suggesting there ‘simply isn't enough firepower’.
2 min read · 22 January 2013
A new report from the Urban Land Institute warns the two cities will face stiff competition from markets such as Shanghai, Sao Paolo and Dubai. In terms of investment opportunities, New York and Paris are jointly ranked first followed by London.
2 min read · 22 January 2013
The London-based real estate investment firm has added new responsibility for David Cunnington, who is already chief financial officer. He becomes head of the Italian fund business and is moving to Milan.
2 min read · 22 January 2013
Naresh Naik, former head of asset management for Lehman Brothers in India, joins the private equity real estate unit of Morgan Stanley as an executive director and head of asset management in its Mumbai office.
1 min read · 22 January 2013
The firm has sold its substantial portfolio of Portuguese wind energy businesses and is currently in negotiations to sell off similar assets in Germany, France and Greece as it seeks to relieve its debt burden.
2 min read · 22 January 2013
The firm has sold its substantial portfolio of Portuguese wind energy businesses and is currently in negotiations to sell off similar assets in Germany, France and Greece as it seeks to relieve its debt burden.
1 min read · 22 January 2013
The Canadian pension suffered a negative 8.5% return in the second quarter owing largely to a decline in its public equities portfolio, which has in turn increased its exposure to real estate, private equity and infrastructure.
2 min read · 22 January 2013
