The final hurdle to Citi Property Investors and Gazit-Globe investing up to €800 m in Vienna-listed European developer Meinl European Land has been cleared after resolutions were passed today at an extraordinary general meeting. Meinl will change its name to Atrium European Real Estate.
1 min read · 22 January 2013
The US industrial property developer and investment firm has promoted Ralf Wessel from senior vice president of the European fund and capital markets to take responsibility for all new fund products and investor relations. Simon Nelson, European fund management executive, is stepping up to replace Wessel.
1 min read · 22 January 2013
LaSalle Investment Management acquires three office properties in Germany as the firm continues to expand its presence in Europe. It recently opened an office in Milan and created a special situations team in Europe.
1 min read · 22 January 2013
In a move to expand its offerings, the mega-buyout firm has hired TCW Group president William Sonneborn to develop traditional asset management lines such as public equity funds.
1 min read · 22 January 2013
Starwood Capital’s latest global real estate fund has received $100m in commitments from two US pension funds, including New Mexico’s $13bn scheme and the $15.8bn Louisiana Teachers fund. New Mexico also committed a further $65m to private equity and real estate funds.
1 min read · 22 January 2013
As REITs in the US and Japan look increasingly stressed, the chief executive of LaSalle’s Asia Pacific securities division argues there are growing opportunities in Australia’s listed property sector as the industry feels the impact of the credit crunch.
2 min read · 22 January 2013
The accounting arm of the real estate consulting firm appoints former Vornado executive Stanley Perla as managing director of its newly-named Cornerstone Accounting Group.
1 min read · 22 January 2013
Raffles City China, which will be the largest private equity vehicle managed by CapitaLand, will develop Raffles City-branded developments in key gateway cities in the country. A second close in December could increase fund commitments to $1.3bn.
1 min read · 22 January 2013
The Somerfield supermarket chain, which was acquired by a consortium led by Apax Partners and Barclays Capital in 2005, has been sold to the Co-operative on a cash-free, debt-free basis.
2 min read · 22 January 2013
BDO Stoy Hayward has seized as collateral almost £1bn of privately-owned property belonging to the troubled London-based investment firm Dawnay, Day.
2 min read · 22 January 2013
