As real estate markets globally start the process of deleveraging and repricing, private equity real estate veterans in Canada say the country is well placed to handle the downturn – but warn deal flow is off at least 40% over the past year, with cap rates up at least 1%.
2 min read · 22 January 2013
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 22 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff across its real estate, private equity, hedge fund and technology businesses. Earlier this week the firm invested in UK debt management company TDX Group.
2 min read · 22 January 2013
Two unnamed European pensions have committed funds to the Luxemburg-based investment manager.
1 min read · 22 January 2013
The asset manager has sold its interest in Canary Wharf to its new European operation, Brookfield Europe, in deal valued at £333.8m, as part of plans to create single platform. The move is part of Brookfield's efforts to refinance its debt on a longer-term basis.
1 min read · 22 January 2013
A German property fund run by Axa Investment Management has acquired the 27,000-square-metre retail asset in Kalmar, Sweden, from Sveafastigheter. Sveafastigheter retains the right to develop another 13,000-square-metres of space at the retail park.
1 min read · 22 January 2013
The Mumbai-based private equity real estate firm is considering a second fund after closing its first fund, jointly launched with UK fund manager Catalyst Capital. The fund is invested in seven deals in India, including residential and warehouse developments.
1 min read · 22 January 2013
The founder of a notable New York law firm has been accused of impersonating an Ontario Teachers’ Pension Plan official, reportedly in an attempt to defraud real estate and private equity firm, Fortress Investment Group.
3 min read · 22 January 2013
Dolphin Capital Investors, the listed arm of private equity real estate firm Dophin Capital Partners, has bought back 10 percent of its shares as part of a strategic investment slowdown.
1 min read · 22 January 2013
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
2 min read · 22 January 2013
