Marking the latest step in its ongoing strategic review process, the Australian fund manager will add more independent directors to the boards of its satellite funds and alter the structure of its fee income as manager.
2 min read · 22 January 2013
The placement agent has moved Franklyn Chang from its Connecticut office and hired former UBS placement agent Christophe Pietersen and Stephanie Brendel, previously with Bear Stearns.
1 min read · 22 January 2013
The New Jersey venture will provide food and other products at the New York Yankees baseball park and the Dallas Cowboys football stadium. The company will be led by Michael Rawlings, the former president of Pizza Hut.
1 min read · 22 January 2013
The former eight-year veteran of Lehman Brother’s Asia real estate team, Blake Olafson, has moved to Arcapita to lead the investment bank’s operations in the region. He will be responsible for building Arcapita's portfolio in Asia, Japan and Australia.
2 min read · 22 January 2013
The private equity real estate arm of Jones Lang LaSalle is reportedly eyeing property bargains in Japan, China and Australia, after raising $3bn for its latest fund. People familiar with the matter told PERE, the fund has 80% capital left to invest.
2 min read · 22 January 2013
Department store Mervyns, bought in 2004 by Lubert-Adler, Cerberus and Sun Capital for $1.2bn, will liquidate after filing for bankruptcy protection in July. Mervyns blamed the decision by its private equity-backers to separate its real estate assets from the operating company as the reason for the failure.
2 min read · 22 January 2013
The Dutch bank, which owns ING Real Estate Investment Management, one of the largest property managers in the world, has taken a €10 billion ($25 billion) buffer from the Netherlands' government to steer it through the financial crisis.
1 min read · 22 January 2013
The director of private equity for London-based fund of funds manager SVG Advisers says new funds are unlikely to go to market until 2010, yet firms now fundraising still have sources of capital. He also thinks the current environment making large deals difficult to execute will change in two to three years.
1 min read · 22 January 2013
Firm CEO Robert Brunswick tells PERE market conditions had ‘accelerated’ its focus on being a principal investment business.
1 min read · 22 January 2013
The vehicle would allow the Australian property fund manager to take a 50% stake in two development projects in Hong Kong. Goodman CEO, Gregory Goodman, said the vehicle was the largest of its kind in the country.
1 min read · 22 January 2013
