The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
2 min read · 21 January 2013
Just weeks after selling a £70.25 million property portfolio to AEW Europe, Brixton is reportedly close to selling another £225 million portfolio to New York based Westbrook Partners.
1 min read · 21 January 2013
Merrill Lynch has instigated a process to sell the management of its pan-Asia real estate opportunity fund. The New York-based investment bank is thought to have begun sounding out potentially interested parties.
2 min read · 21 January 2013
Ellis Short, who co- founded Dallas-based Lone Star with John Grayken, has increased his ownership in English Premier League soccer team Sunderland AFC to 100 percent. The investment comes as UAE entrepreneur Sulamain Al Fahim has a bid accepted to buy rival team Portsmouth FC.
2 min read · 21 January 2013
Normandy Real Estate Partners’ David Welsh admitted the firm was not prepared for ‘everything’ as it positioned itself to take over the Boston skyscraper. More than $600m of equity and debt was wiped out on the deal after Normandy and Five Mile Capital Partners won the foreclosure auction for the landmark tower.
2 min read · 21 January 2013
Stockholm based Aberdeen Property Investors has grown its indirect team, Aberdeen Property Investors Indirect Investment Management, to 28 professionals after making six senior appointments across Europe and Asia. The growth of the team marks a rebuilding period for Aberdeen after a period of recent departures.
2 min read · 21 January 2013
Boston-based Alcion Ventures has joined forces with development and property management company Golub & Company to target real estate debt and equity opportunities.
2 min read · 21 January 2013
Joseph Robert is back working full time at JE Robert Companies, the parent company of McLean, Virginia-based JER Partners, after treatment for brain tumours. Robert is still receiving treatment for the growths, which have now disappeared, according to his clinical team.
1 min read · 21 January 2013
New York-based Apollo Global Management has assembled a core group of real estate professionals from Barclays Capital, Goldman Sachs and the forerunner to AREA Property Partners to help spearhead future investments as the firm readies itself to raise an opportunistic private equity real estate fund later this year.
2 min read · 21 January 2013
The $29bn oil and gas endowment plans to allocate 18% to a new real assets category, including real estate, infrastructure and Treasury inflation-protected securities. The target allocation to real estate is expected to increase 2%.
2 min read · 21 January 2013
