The London listed investment firm is to float the European Convergence Development Company on the Alternative Investment Market in 2007 despite signs that investor appetite has waned.
1 min read · 23 January 2013
The second largest pension fund in the US has made an “unprecedented” move by significantly expanding its target allocations to alternative investments, including private equity and real estate.
2 min read · 23 January 2013
The Los Angeles-based distressed specialist sold the historic Curtis Center along the city’s Independence Mall for $94m to a local property investor.
2 min read · 23 January 2013
The private equity real estate arm of the global investment bank has formed a joint venture with the real estate subsidiary of Duke Energy with plans to expand the business across the US.
2 min read · 23 January 2013
Europe’s biggest buyout firm has landed its third deal of the year buying Principal Hotels from Royal Bank of Scotland just two months after missing out on De Vere, a rival chain.
1 min read · 23 January 2013
In its first deal in Asia, the New York-based developer and the private equity arm of ICICI Bank have announced plans for a $100m office complex in Hyderabad to be designed by famed architect IM Pei.
3 min read · 23 January 2013
A candid conversation with Earvin “Magic” Johnson, the former NBA star who has become one of the most visible private equity real estate investors in urban America.
2 min read · 23 January 2013
Real estate investment firm AEW Capital Management has opened an office in Singapore and, in addition to staffing the office, is looking to launch a new regional vehicle.
2 min read · 23 January 2013
The New York-based private equity firm has added Adam Aron, a ten-year veteran of former Apollo portfolio company Vail Resorts, to its roster as a senior operating partner.
2 min read · 23 January 2013
Starting from an NYU dorm room in the early 1980s, Joseph Sitt began purchasing property in the blighted neighborhoods of New York and converting them into inner-city shopping strips. Along the way, he built up his own retail chains, renovated outer-borough shopping centers and built Thor Equities into an investment firm with more than $2 billion invested in urban mixed-use strategies across the US. Thor, which closed its first commingled fund in 2004, recently purchased the Palmer House Hilton in downtown Chicago. Here Sitt speaks about urban retail, the need to think multi-dimensionally and the importance of a good sound system.
4 min read · 23 January 2013
