The Council of Ministers and the ECON Committee have approved versions of the directive, but crucial differences remain in regards to the ‘third country’ rules. The latter group's version also includes a clause that could block LBOs.
3 min read · 24 January 2013
The New York firm has co-invested in a hotel asset which will be turned into a luxury offer complete with 70 new rooms and 50 suites
1 min read · 24 January 2013
The Joint owners of New England’s tallest tower have lured private investment firm Bain Capital to take up to 270,000 square feet of office space on a 15-year lease. The letting brings the occupancy rate of the 1.8m square foot Boston skyscraper to about 95%.
2 min read · 24 January 2013
Norway’s $300 billion government pension fund, formerly known as the Petroleum Fund, has opted for Norwegian Karsten Kallevig to head its real estate team. Kallevig has been heading the Japan business of private equity real estate firm Grove International Partners and will take up his new position on September 1
1 min read · 24 January 2013
The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 24 January 2013
A Starwood Capital-led consortium is reportedly nearing a deal to receive $2.2bn in financing from Goldman Sachs for a bid to acquire bankrupt hotel chain Extended Stay.
2 min read · 24 January 2013
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives, after being charged with allegedly 'attempting to bribe' CalPERS official Leon Shahinian.
2 min read · 24 January 2013
The 18-year servant of Schroder Property, who was responsible globally for its property products, has resigned to pursue other opportunities
1 min read · 24 January 2013
The Canada Pension Plan Investment Board has acquired a 45% interest in the McGraw Hill building from SL Green for roughly $576m and acquired another 45% stake in the REIT’s recent purchase of 600 Lexington Avenue for approximately $87m.
2 min read · 24 January 2013
The EU Parliament’s Economic and Monetary Affairs Committee was scheduled to vote on a final version of the controversial AIFM Directive, but the vote was delayed one week for procedural reasons.
2 min read · 24 January 2013
