The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
2 min read · 21 January 2013
Garett Stoffels, former managing director of Bear Stearns’ real estate and lodging group, has joined the placement agent in its New York office as co-head of direct private placement. The head of Deutsche Bank’s private equity placement Steven Tuch also joins the firm in Connecticut as co-head.
1 min read · 21 January 2013
A London-based private property investment firm has acquired coffee chain, Coffee Republic, out of administration, vowing to expand the number of outlets in the UK and elsewhere.
1 min read · 21 January 2013
The German insurance group is set to merge its fund of funds, infrastructure and renewable energy businesses into its Allianz Capital Partners unit.
2 min read · 21 January 2013
The co-founder of Dune Real Estate, Daniel Neidich, takes the helm as chairman of the Real Estate Roundtable. The lobby group is currently pressing for changes governing REMICs and foreign investment in US real estate to help ease the liquidity crisis gripping the industry.
2 min read · 21 January 2013
The latest research by Jones Lang LaSalle concludes that demand is expected to remain weak against a backdrop of 4m sq. m of office space due for completion this year. It comes as ING’s CIO Ian Whittock calls the bottom for UK property prices.
2 min read · 21 January 2013
The Blackstone affiliate, Bayview Asset Management, has launched a $500m IPO for a debt vehicle targeting US real estate loans and securities. The Coral Gables, Florida firm will continue to target the “scratch and dent” market.
2 min read · 21 January 2013
The firm has thrown out the classic 2-and-20, charging LPs 15% carry and up to 1.5% for management fees
2 min read · 21 January 2013
The Washington DC-based private equity firm has acquired controlling stakes in property developer Shoresal and infrastructure construction group Almes for a total cost of $26.2m. The investments were made through ECP's MENA Growth Fund and its Moroccan Infrastructure Fund.
1 min read · 21 January 2013
A high-profile, long-term leasing proposal has met a challenge from two major private investment groups, whose proposals will now be considered alongside the bid submitted by CalPERS-backed real estate firm CenterPoint in March. At stake is what could become the first long-term lease of an entire US port.
2 min read · 21 January 2013
