The Swiss alternative asset manager argues in a research report the Chicago airport is a ‘trophy asset’ that exacted a high premium at a time when listed infrastructure comparables are indicating much lower valuations.
2 min read · 21 January 2013
The asset manager raised capital from its limited partners, including the Oregon Investment Council, to repay margin debt on the German apartment owner which has reportedly been struggling with its debt load.
1 min read · 21 January 2013
London-based Catalyst Capital has stepped in to manage a large development project in central India after Halifax Bank of Scotland withdrew support for the previous manager.
1 min read · 21 January 2013
The founder of JC Flowers has resigned his position from the supervisory board of troubled European property lender Hypo Real Estate to avoid conflicts of interest as he fights to preserve the value of an investment the firm has made. Richard Mully, a managing partner of fellow Hypo investor Grove International, has also resigned.
2 min read · 21 January 2013
Robert Rackind, who was recruited last September as investment manager for Europe by Australia’s Valad Property Group, left last week to start up his own firm. London-based Davies Street Capital is targeting value-added office opportunities in Western European capital cities.
2 min read · 21 January 2013
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
3 min read · 21 January 2013
The CEO of Allianz Real Estate Olivier Piani said lending in Europe won’t improve significantly until banks deal with their real estate assets. However, the PREA spring conference heard there’s more upside than downside to the current crisis.
2 min read · 21 January 2013
The US government’s Term Asset-Backed Securities Loan Facility should successfully create clear market prices, but will need the participation of the private sector, according to speakers at the PREA spring conference in Washington DC.
1 min read · 21 January 2013
The two firms invested $25m in the Inner Mongolian hot pot restaurant chain in June 2006. The company was listed on the Hong Kong stock exchange in June 2008.
2 min read · 21 January 2013
Fortress shares doubled after the US Treasury outlined plans this week to buy up to $1trn in toxic assets by combining public and private equity. Blackstone and Och-Ziff have also seen their stocks rise.
2 min read · 21 January 2013
