The fund management arm of London-based Grosvenor has secured a commitment of £190m for a West End office investment programme with a value-added strategy. Grosvenor will invest £10 million into the partnership as well as provide its sourcing and management services.
2 min read · 18 January 2013
US House of Representatives members Jared Polis and Mike Quigley sent a letter to President Obama warning that a tax increase on carried interest could devastate the real estate market.
2 min read · 18 January 2013
Optimum Asset Management, the Berlin and London-based real estate fund manager expects to generate a return of 15% IRR from investments, mainly in Berlin’s residential market.
2 min read · 18 January 2013
The private equity firm was bidding alongside local operating partner Development Securities to develop at London’s Shell Centre in a £300m deal, but another consortium involving Canary Wharf Group backed by Qatar are now reportedly favourites.
1 min read · 18 January 2013
The Greenwich, Connecticut-based private equity real estate firm has invested $150 million in the logistics arm of Brazilian developer MRV Engenharia. The transaction represents the firm’s first major investment in Brazil since opening an acquisitions office there last year.
2 min read · 18 January 2013
The Leeds-based real estate firm, led by entrepreneur Kevin McCabe, is to invest Chinese capital in the UK real estate market via a joint venture formed with Hong Kong-based Wyndham Advisors.
1 min read · 18 January 2013
Four additional appointments for private equity real estate firm Corestate Capital, including former professionals of Oppenheimer, Morgan Stanley, JER and Hudson Advisors.
1 min read · 18 January 2013
The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
2 min read · 18 January 2013
The former Lazard director has joined the Los Angeles-based investment bank's New York office to serve as managing director of its newly formed real estate strategic advisory group.
2 min read · 18 January 2013
Nori Gerardo Lietz, the self-described ‘cursed Cassandra’ of private real estate investing, is stepping down as partner of the Swiss-based Partners Group to return to investment advisory and strategic consulting services.
2 min read · 18 January 2013
