The recommendations come as the region finds itself with rising infrastructure investment needs and limited public capital resources to meet them. Private finance initiatives, a type of PPP financing arrangement, have so far only accounted for 1 percent of the UKs total spend on such projects.
2 min read · 22 January 2013
Dominique Senequier, speaking at a recent press lunch, listed ageing infrastructure, regulation and new services among the drivers of growing infrastructure investment needs in OECD countries. Developing Asian economies also face steep financing challenges but offer more attractive returns.
2 min read · 22 January 2013
Canton Property Investment has revealed its founder and executive chairman Keng Wong is ‘uncontactable’ as it also admitted to funding problems. Shares in the company, which is developing real estate projects in a southern part of China, have been suspended.
2 min read · 22 January 2013
The US firm says Peru offers opportunities to develop residential, retail and office property and is one of the fastest growing real estate development markets in the world. It has hired a Lima-based former financial advisor.
1 min read · 22 January 2013
In the same week as it agreed to buy a 21 percent stake in Morgan Stanley for $9bn, Mitsubishi has struck a deal to buy a minority stake in Aberdeen. It gives the Japanese bank exclusive rights to market Aberdeen’s products in Japan, while providing Aberdeen with a fresh well of equity in the world’s second largest pension market.
3 min read · 22 January 2013
Canada’s retirement system is fuelling property investment abroad despite the credit crunch, with lowly-geared pension funds looking to pick up bargains in Europe, according to a report.
2 min read · 22 January 2013
Relief is felt as the German commercial real estate lender recovers some of the heavy falls it suffered on Monday when news of a €35bn financial package sent shares in the company tumbling.
1 min read · 22 January 2013
The private equity real estate firm has acquired an eight-acre site in California, home to Verizon-leased warehouses and an office building. The property was acquired through its $300m Somera Realty Value Fund II.
1 min read · 22 January 2013
American International Group will retain core business lines while entertaining the divestiture of all remaining units. The embattled insurance company plans to sell as many assets as necessary to repay its $85bn loan from the US government.
2 min read · 22 January 2013
As the fundraising market dips, mega-firms may have all the more reason to seek permanent capital bases with a public float, writes Matt Levin.
2 min read · 22 January 2013
