Anglo Irish Bank wants to offload its roughly $10 billion portfolio of US property loans in one fell swoop. Given private equity real estate’s finest are arranging themselves into bidding consortiums, the omens look good that its wish will be granted.
4 min read · 18 January 2013
The Chicago-based private equity real estate firm has teamed up with a Kansas City-based developer and operator of assisted-living and memory care communities to own and recapitalise six properties in the Midwest for $62 million.
2 min read · 18 January 2013
Chicago-based LaSalle Investment Management is buying Australia’s Trinity Funds Management, boosting assets in the country by $690m to $1.8bn.
2 min read · 18 January 2013
The UK asset manager has launched a closed ended vehicle with a Singapore bank and a private US firm. Hermes is putting in up to $150m on behalf of client, British Telecom Pension Scheme, while its two partners are contributing $25m each.
1 min read · 18 January 2013
The former Townsend Group consultant has joined TRECAP Partners as vice president for client relations in the company’s Washington DC office.
2 min read · 18 January 2013
The Atlanta-based investment firm has purchased the vacant asset for $27 million and plans to spend $180 million to redevelop it into a mixed-use property.
1 min read · 18 January 2013
The fund, Sarasin Sustainable Properties – European Cities, is targeting mainly Swiss pension funds, and is said to be the first real estate vehicle for institutional investors to invest solely in sustainable buildings in high-growth European cities.
1 min read · 18 January 2013
Ohio’s $76 billion pension system wants to hire a consultant to assist in the auditing and ranking of its private equity and real estate portfolios.
1 min read · 18 January 2013
Russell Jewell, former Merrill Lynch Global Principal Investments head of Europe, has joined AEW. Chief investment officer, Rob Wilkinson, said the firm looked forward to building its private equity platform ‘as market appetite for value-add and opportunistic products increases’.
1 min read · 18 January 2013
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
2 min read · 18 January 2013
