The New York-based private equity real estate firm led by Apollo partners Bill Mack and Lee Neibart has acquired Hudson’s Bay Company, Canada’s largest retailer. NRDC is now hoping to expand its previous retail acquisition, the prestigious Lord & Taylor chain, into Canada.
2 min read · 22 January 2013
Six modernist housing estates in Berlin, including one owned by Pirelli Real Estate and the private equity real estate arm of Deutsche Bank, have been given the same protection as the Great Wall of China and the Great Barrier Reef after being named a World Heritage site by Unesco.
1 min read · 22 January 2013
The LA-based real estate firm has made three senior appointments for its global multi-manager business, two in London and one in Boston.
2 min read · 22 January 2013
Two of the firm’s funds have entered into a sale-leaseback agreement to buy the properties for €37m. The deal highlights the continuing interest from US investors in the German real estate market.
1 min read · 22 January 2013
The New York-based private equity firm has made its second significant investment in the renewable energy sector with an agreement to invest in a wind farm off the coast of Germany.
2 min read · 22 January 2013
Newly-created European private equity real estate firm Palatium Investment Management has taken on Adam Shutkever, a former managing director with Deutsche Bank.
1 min read · 22 January 2013
Steve & Barry’s, the discount clothes retailer with 276 stores in the US, cites a ‘liquidity shortfall’ after filing for Chapter 11 protection. Boston-based private equity firm TA Associates held a minority stake in the company, which recently signed-up Sex and the City star Sarah Jessica Parker.
2 min read · 22 January 2013
The arcade and dining franchise will use the fresh capital to pay down debt, roughly two years after Wellspring purchased the company in a $375m take-private. Wellspring will retain a controlling interest in the company.
2 min read · 22 January 2013
Richard Price, who has been with ING Real Estate since 1996, has been picked to lead the firm’s Hong Kong office, replacing Robert Lie who left in April to join Redevco Asia. It follows a raft of personnel changes for ING in Asia, including the appointment of former PGGM executive Dick Popken.
2 min read · 22 January 2013
The Australian property firm has held a first close on its €500 million fund to invest in French industrial property.
1 min read · 22 January 2013
