The online news service of PERE magazine celebrated the registration of its 10,000th user today – a US-based real estate acquisitions professional – by awarding a free pass to the upcoming PERE Forum in Hong Kong.
1 min read · 21 January 2013
3i veteran Michael Queen will now steer the firm, whose top 50 investments lost £682m in the past nine months. Last year, 3i invested a total of £841m, down dramatically from the £1.8bn the prior year. 3i's share price has plummeted in recent months, this morning losing nearly 4%, giving it a £941m market capitalisation.
2 min read · 21 January 2013
The Dubai-based fund manager plans to launch three funds targeting the Middle East’s real estate markets in 2009. To help with the task, AREIT has hired former Landmark Real Estate Investment Management CEO Chris Purdon.
1 min read · 21 January 2013
Richard Bains has joined the London firm from London's CIT Group to help identify investment opportunities with a particular focus on the UK.
1 min read · 21 January 2013
European retail property fund manager has tapped James Bury from JER Partners to become head of European fund management.
2 min read · 21 January 2013
The bankrupt Tribune Company is nearing a final agreement to sell the Chicago baseball team purchased by real estate mogul Sam Zell. A $900m offer from the head of Chicago investment bank Incapital reportedly beat bids from private equity executives Marc Utay and Leo Hindery.
2 min read · 21 January 2013
The Dutch bank, with €72bn of real estate assets under management globally, has also parted company with its chief executive after revealing a €1bn loss during 2008.
2 min read · 21 January 2013
AIG Global Real Estate, the property investor and fund management arm of global insurance and financial services company AIG, is planning the sale of its fund management business. Financial details were not disclosed.
1 min read · 21 January 2013
The UK-based association representing more than 20 investor institutions, including the Wellcome Trust, Hermes and the USS, is seeking to raise its profile and better represent LPs during the downturn.
2 min read · 21 January 2013
LaSalle Investment Management is vying to replace Blackstone as Global Firm of the Year in the PERE Awards. You still have time to cast your votes for this and other 2008 Global PERE Awards categories.
2 min read · 21 January 2013
