Phillip Burns is joining Zug, Switzerland-based private equity real estate firm, Corestate Capital, having worked at Guy Hands’ firm for eight years.
1 min read · 18 January 2013
DTZ Capital Partners, the DTZ entity that manages funds launched by DTZ Investment Management, has hired ex-Bank of America Merrill Lynch director Jason Lee and ex-Macquarie director Michael Moon for senior positions.
2 min read · 18 January 2013
A deal costing CB Richard Ellis approximately €1bn could be finalised “within the next few weeks”. If successful, it would result in the creation of the world’s largest real estate investment management business.
3 min read · 18 January 2013
The City Council’s approval paves the way for Los Angeles to release the final agreement to bidders interested in a 50-year concession on nine parking garages. A winning bidder could be selected in March.
2 min read · 18 January 2013
Why a super-sized cheque book means no commitments by Norway’s sovereign wealth fund to opportunity funds – at least for now
3 min read · 18 January 2013
Benson Elliot Capital Management has teamed up with London-based developer Stanhope to purchase a majority stake in large office-led development in Reading, west of London. It was the first investment made from the firm’s €510m second fund.
1 min read · 18 January 2013
Norway’s sovereign wealth fund, Government Pension Fund Global, is aiming to make minimum outlays of $500m per deal. The fund, managed by Norges Bank Investment Management, plans to take 25 percent to 85 percent stakes in its investments as it seeks alignment interests with its partners.
2 min read · 18 January 2013
The city’s airport management arm is seeking investor feedback on a deal that would privatise Los Angeles’ Ontario Airport without going through the Federal Aviation Administration’s pilot privatisation programme.
3 min read · 18 January 2013
Tom Barrack’s Colony Capital has made a reported $35m investment in ‘hospitality, real estate development and lifestyle’ company SBE.
1 min read · 18 January 2013
The New York-based firm primarily is targeting recapitalisation opportunities, particularly in the multifamily, hotel and retail sectors. When it comes to office, though, North America CEO Richard Mack admits AREA is more “reluctant”.
2 min read · 18 January 2013
