The OpernTurm building in Frankfurt is not yet complete, but German fund manager KanAm has agreed to buy the tower at a time when the German economy might be about to shrink. The parties to the deal have agreed to keep the price under wraps.
1 min read · 22 January 2013
Shareholders in light industrial property investor Spazio Investment, which include prominent hedge fund GLG Partners, are forcing a shake-up of the company leading not only to accelerated asset disposals and a halt to new acquisitions, but the alteration to incentive fees for external asset manager, Italy’s Pirelli Real Esate.
2 min read · 22 January 2013
The talk surrounding emerging markets has been focused on growth. Now, however, it's also about distress.
2 min read · 22 January 2013
The Oregon Investment Council has committed $100m to Riverstone/Carlyle Renewable & Alternative Energy Fund II and $200m to Alinda’s latest infrastructure vehicle.
2 min read · 22 January 2013
The US conglomerate said it was looking to cut its commercial real estate assets to $80bn from $90bn over the next year as part of the firm’s plans to scale back on its financial arm, GE Capital.
2 min read · 22 January 2013
The real estate investment arm of insurer Prudential Financial and Hong Kong company Minmetals are reportedly buying a 99 percent stake in a housing project in Nanjing, China.
2 min read · 22 January 2013
The global mid-market buyout group has upped its investments in buyout and infrastructure deals, despite a roughly 40 percent fall in the total value of its investments over the past five months. The firm’s realisations also slowed significantly.
2 min read · 22 January 2013
The agreement to inject funds into Plantation Place, near Liverpool Street station, follows a breach of banking covenant by its owners Invista Foundation Property Trust and Tishman International.
1 min read · 22 January 2013
Songbird Estates, whose main investment is Canary Wharf Group which owns the London-based European headquarters of Lehman Brothers, says the full impact of Lehman’s demise is hard to quantify. Lehman’s leases more than 1 million square feet in a building in Canary Wharf.
2 min read · 22 January 2013
The Houston-based real estate investment firm is paying a record $235m – $4,900 per square foot – for the San Francisco site of the firm’s planned Transbay Tower project. The development is expected to be the tallest building on the US West Coast.
2 min read · 22 January 2013
