The Indian private equity firm Sun Group has joined forces with listed Qatari real estate firm Barwa to target Indian real estate. The JV will acquire and develop land banks in high growth corridors in the country and comes two years after the $630m Sun-Apollo India Real Estate Fund.
1 min read · 22 January 2013
The Apollo Global Management and TPG-backed casino operator has struggled in the faltering economy with dwindling revenue and heavy debt loads. The company is seeking to restructure its debt to extend maturities and reduce its outstanding principal.
2 min read · 22 January 2013
Gerald Kaye, a director at UK developer Helical Bar and non executive director at Chelsea Building Society, Patrick Hall, have both agreed to take new positions on the investment committee of Rockspring’s open-ended Hanover Property Unit Trust.
1 min read · 22 January 2013
A UK fund manager setting up a special situations fund in the UK has secured an acquisition facility from one of the banks hit hard by the credit crunch.
1 min read · 22 January 2013
Urdang Capital Management, which closed its second value-add vehicle earlier this year, has sold 14 buildings in Georgia for $48m.
1 min read · 22 January 2013
Delegates at the PERE Forum 2008 in New York this week were bullish on the emerging markets, especially in Latin America and emerging Asia. The mood though was tempered by the current financial crisis.
2 min read · 31 January 2013
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
2 min read · 22 January 2013
The real estate veteran has filed a lawsuit against the Connecticut secondaries firm claiming Landmark failed to honour a promise to give him an ‘ownership interest’ in the firm.
2 min read · 22 January 2013
Two-thirds of all senior real estate professionals believe access to capital will be better one year from today, according to the latest US Real Estate Roundtable survey. However a third warned values would be lower next year compared with now.
2 min read · 22 January 2013
Stuart Rothenberg, the global head of Goldman Sachs’ Real Estate Principal Investment Area – which sponsors the Whitehall Street funds – has said he will retire by the end of 2008 at the age of 45. He has been with Goldman for 21 years.
2 min read · 22 January 2013
