The Chicago-based REIT has been given an extended deadline of 19 April to buy the remaining 26.5 percent stake in Archstone from Bank of America and Barclays for an increased price of $1.5bn after its initial bid was shut out by Lehman Brothers.
3 min read · 17 January 2013
Lombard Street Research told more than 300 delegates at the PERE Summit: Asia today how China’s real GDP growth should be forecasted to be just 5 percent over the next 10 years. The stat turned out to be one of Day One’s major talking points.
2 min read · 17 January 2013
Mark Machin has been appointed president of CPPIB Asia, as the Canadian pension plan looks to enhance its investment activities, including that of real estate, in the region.
2 min read · 17 January 2013
According to a report by The Wall Street Journal, Patrick Wu, who was made head of the sovereign wealth fund’s real estate team only a couple of months ago, has resigned from his post.
2 min read · 17 January 2013
Pius Ho, a former senior portfolio manager at the Abu Dhabi Investment Authority, has launched Moonbridge Capital, a real estate investment management business aiming to differentiate itself as an operating partner.
2 min read · 17 January 2013
The joint venture with Westfield represents the $152.8 billion pension fund’s largest global real estate investment to date.
2 min read · 17 January 2013
The Los Angeles-based real estate fund manager’s entry into the South American nation is part of a larger strategy to expand into other Latin American markets over the next two years.
2 min read · 17 January 2013
Ken Nakajima has joined London-based Grosvenor’s fund management arm for a role charged with growing its Japanese business, particularly in the areas of investor relations, asset management and originating transactions.
1 min read · 17 January 2013
The former senior vp at the Norcross, Georgia-based US real estate investment firm has been picked to replace founder Leo Wells, who will step down as president but remain CEO.
1 min read · 17 January 2013
Amid a change of strategy at the firm, Umer Ahmad has moved on from global real estate services giant CBRE. Ahmad was appointed to the post of head of infrastructure in July last year.
2 min read · 17 January 2013
