A £375m property joint venture between real estate investor aAim and UK car dealership Pendragon and has breached banking covenants according to the Sunday Telegraph. The investors have been asked to inject £20 million into the venture.
1 min read · 22 January 2013
The London-based investment bank with significant property holdings has appointed Ernst & Young to restructure some of its investments.
2 min read · 22 January 2013
DLJ founder Richard Jenrette is the latest veteran of the investment bank to join the publicly-listed alternative asset manager, re-teaming with former colleague and current Blackstone president Tony James.
1 min read · 22 January 2013
With the credit crunch showing no signs of easing, REITs globally are looking increasingly stressed. For private equity real estate firms, their plight might produce great investment opportunities.
2 min read · 31 January 2013
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
2 min read · 22 January 2013
Scott Peters has resigned as chief executive officer of the real estate investment company, effective immediately. The decision follows pressure from shareholders, notably the founder of private equity real estate firm Thompson National Properties and former Grubb & Ellis board chairman, Anthony Thompson.
2 min read · 22 January 2013
The US’ second largest public pension fund says it could cut the number of fund managers it works with as market conditions prompt it to review investment relationships. The pension says it will focus on those who ‘outperform in difficult markets.’
3 min read · 22 January 2013
With the credit crunch showing no signs of easing, REITs globally are looking increasingly stressed.
2 min read · 22 January 2013
Home sales by area and value both declined in the first half of the year, for the first time since 1998, with sales predicted to continue falling for the remainder of the year.
1 min read · 22 January 2013
The firm has hired former AXA REIM professional Fabio Donato for its Italian office and has made a new acquisition in the country, investing in an unoccupied site in Rome.
1 min read · 22 January 2013
