Pirelli RE and Deutsche Bank have agreed to buy German property group BauBeCon from Cerberus Capital in a transaction valued at €1.6bn.
2 min read · 22 January 2013
In what could be the largest commercial property deal in Silicon Valley history, the Mission West REIT is in sale talks with an undisclosed private equity fund reported to be Connecticut-based Starwood Capital Group.
1 min read · 22 January 2013
Delancey, the London-based fund manager run by Jamie Ritblat, son of British property magnate Sir John Ritblat, has set up an unusual fund structure allowing investors to commit long-term, unrestricted capital.
1 min read · 22 January 2013
The combination of more modest returns, a rise in the number of sellers and general profit-taking is leading to reductions in premiums being paid for secondary trades in UK property vehicles.
3 min read · 22 January 2013
The hospitality company owned by sports magnate Sheila Johnson has ventured into golf course real estate with the acquisition of the Innisbrook resort from Golf Trust of America, a links REIT liquidating its portfolio.
2 min read · 22 January 2013
June was a good month for private equity in India. New data from advisory firm Grant Thornton shows that, for the first time, the value of private equity deals in a single month has overtaken that of strategic M&A. The 36 private equity investments in India during June totaled $1.83 billion (€1.32 billion), whereas the 24 strategic M&A deals were worth $1.56 billion.
2 min read · 01 February 2013
Following its previous North African fund, Société Générale Asset Management will launch two Morocco-focused real estate funds by the end of the year.
2 min read · 22 January 2013
Denver industrial REIT ProLogis has created a special real estate fund to acquire the assets from a joint venture set up by the California State Teachers Retirement System and Nevada developer Dermody Properties.
2 min read · 22 January 2013
The Quebec pension giant is paying a 20 percent premium for Legacy Hotels, Canada’s largest hospitality REIT.
2 min read · 22 January 2013
Two powerful committee chairmen are backing a bill intended to scrap the low, 15 percent capital-gains tax treatment of GP carried interest in the US. The member behind the bill says the current tax regime on carry is unfair.
3 min read · 22 January 2013
