The private equity real estate arm of the bankrupt investment bank could be bought out by the management team, including Mark Newman, Brett Bossung and European head Gerald Parkes, according to media reports. In August, Lehman Brothers Real Estate closed its latest global fund on $3.2bn.
1 min read · 22 January 2013
Unable to find a superior offer amid 'the current turmoil in the capital markets', Teranet’s board withdrew its opposition to OMERS’ unsolicited bid for the provider of electronic land registry services. The offer was set to expire on 17 Oct.
2 min read · 22 January 2013
The managing director of Sydney's Principle Advisory Services, an Australiasian placement agent and advisor, expects factors including the 'denominator effect' and risk perception to decrease the size of re-ups and lenghthen fundraising times. He also thinks Russia- and Brazil-focused funds are in for a tough time.
2 min read · 22 January 2013
The number of commercial property transactions has dropped off significantly in the past three months, according to a report by Real Capital Analytics – including in Asia. Macklowe, Fortress, Morgan Stanley, Aviva and GE are the world's biggest sellers of real estate.
2 min read · 22 January 2013
The New Delhi-based private equity real estate firm said investment opportunities with Indian developers have increased by more than 50 percent since the liquidity meltdown took hold. The firm is reportedly planning to invest $660m over the next year.
1 min read · 22 January 2013
Apollo Global Management bought a $201m stake in Linens ‘n Things, once the US' second largest housing retailer, in 2006. The firm has told investors the bankruptcy will only minimally affect their returns. More than 370 stores will now be liquidated.
2 min read · 22 January 2013
The Washington, DC-based firm wants to outbid Bain and Hellman & Friedman for Lehman’s investment management unit, but has said provisions in the sales agreement including a $110m break-up fee will have a chilling effect on additional bidders.
2 min read · 22 January 2013
The private equity firms say the investment comes as 7 Days Inn and other budget chains take market share out of higher-priced hotels in China.
1 min read · 22 January 2013
Underlining how the credit crunch is impacting on transforming markets, a mixture of Russian developers and retailers have held crisis talks with the government over accessing finance.
1 min read · 22 January 2013
The coming year could see prices drop in the US by as much as 20 percent next year, according to research by real estate investment firm Blumberg Capital Partners. Buying opportunities exist, CEO Philip Blumberg argued, though the commercial real estate market would not bottom out until mid-2009 or 2010.
1 min read · 22 January 2013
