Mountgrange Investment Management, which raised its debut opportunity fund in 2009, is backing a venture to develop 15 London budget hotels under a franchise agreement with Tune Hotels run by Asia entrepreneur Tony Fernandes.
3 min read · 24 January 2013
The London-based multi-manager group has appointed Bart Coenraads as head of its operations in the Asia Pacific region, as it eyes increased secondaries, and some recapitalisation, opportunities.
2 min read · 24 January 2013
Dirk Große Wördemann has joined Wiesbaden-based bank Aareal Bank as a member of its management board. He was most recently at Pacific Star Europe which was wound up in October.
2 min read · 24 January 2013
After opening an office in London and hiring Sean Kelly Rand to help leads its European activities, the New York-based firm has tapped Bradley Carroll as managing director.
1 min read · 24 January 2013
Hong Kong’s PCCW Tower in Island East has had three different major stakeholders in the space of two months via two transactions. PERE explores what happened and why its newest stakeholder, Grosvenor, is keen to hold the asset for the long term.
3 min read · 24 January 2013
The London-based firm has hired former Invesco Real Estate professional Jochen Schäfer-Surén as a partner as it seeks to grow into the hotel and leisure sector.
2 min read · 24 January 2013
The US firm is committing to a £37m JV with operating partner, The Local Shopping REIT, to invest in retail parades and precincts.
2 min read · 24 January 2013
The Swiss-headquartered alternatives firm has already deployed 30 percent of its equity in regions including North America, Latin America, Europe and Asia Pacific.
1 min read · 24 January 2013
Former Morgan Stanley Real Estate Investing Asia Pacific head Zain Fancy has left his position at New York-based private equity firm Och-Ziff Capital Management Group, two years after joining.
2 min read · 24 January 2013
It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.
3 min read · 24 January 2013
