The private equity real estate firm AREA Property Partners has hired Alban Liss from Generali Real Estate to open an office in Paris and lead an investment programme in France.
1 min read · 21 January 2013
The Swiss-based firm has successfully closed on €275m for a global real estate fund. The firm aims to buy in both mature and emerging markets and has already bought eight investments in China for the vehicle.
2 min read · 21 January 2013
Blackstone’s chairman has told the SEC a firm like his would never have reached its level of success without placement agents. Schwarzman was writing on behalf of the industry, not the Blackstone-affiliated Park Hill Group.
3 min read · 21 January 2013
Progress, the Netherlands-based pension fund, has sold out of more than €500m of direct real estate assets as part of a strategy to switch to indirect investing.
1 min read · 21 January 2013
The firm has already invested 20% of Fund III's committed capital. It has also fully realised the real estate portion of its debut fund.
2 min read · 21 January 2013
The asset management firm has hired Brahm Cramer, former co-head of Goldman Sachs’ Real Estate Principal Investment Area, and iStar financial president Jay Nydick to lead its new opportunity platform.
1 min read · 21 January 2013
The SEC is proposing to create a new asset management enforcement unit, which could be good news for firms that have complained in the past about a lack of private equity expertise among auditors and investigators.
3 min read · 21 January 2013
Gerald Parkes, who resigned as the head of Lehman Brothers private equity real estate business in Europe this summer, is reportedly teaming up with British property veteran, Sir John Beckwith.
1 min read · 21 January 2013
Former MSREF global co head John Carrafiell has reportedly set up an advisory business. According to media reports, Carrafiell has formed Alpha Real Estate Advisors focused on board-level consultancies and advisory work.
1 min read · 21 January 2013
It’s a shame CalPERS may refuse to take a negative stance on the SEC’s proposed placement agent ban, writes Christopher Witkowsky.
2 min read · 21 January 2013
