The infrastructure heavyweight will scale down its business in response to a decline in deal flow and profitability.
2 min read · 22 January 2013
Dutch group ING Real Estate has appointed stalwart Doug Aucherlonie to become chief executive of the ING Summit Industrial in Canada. ING acquired the Canadian fund in 2006 but retained its senior management during a transition period. That management is now leaving and the plan to sell the fund has been shelved.
1 min read · 22 January 2013
Backed by Dubai International Capital and First Eastern Investment Group, the fund’s plans to close on $1bn by October have been dashed by investors’ lack of liquidity.
2 min read · 22 January 2013
The Indian real estate firm has appointed His Highness Maharaja Gajsingh of Jodhpur as chairman of its hospitality affiliate, Apodis. It follows the appointment of former CalPERS' real estate investment officer Mike McCook as advisor, and Dr PS Rana, former Hudco chairman, to lead its real estate and infrastructure projects.
1 min read · 22 January 2013
Zain Fancy, Roy Kwok, Bharat Khanna and Anand Madduri have joined New York's Och-Ziff to build out its Asia real estate platform.
1 min read · 22 January 2013
Vietnam firm Dragon Capital has appointed Fraser Wilson from Dutch bank ING to lead its property team.
1 min read · 22 January 2013
All change at London-based boutique fund manager Curzon Global Partners/AEW Europe as chief executive and chief investment officer, Ric Lewis, prepares to leave the business in 2009 after 20 years with the firm. The Curzon name will also be dropped.
1 min read · 22 January 2013
Real estate investment firm Intercontinental Real Estate Corporation has acquired a portfolio of six industrial buildings in Arizona, just as Chicago-based Harrison Street Real Estate Capital scooped up 19 self-storage properties across the US.
1 min read · 22 January 2013
The New York-based mid-market buyout firm has acquired two hospital laundry companies to form Healthcare Laundry Systems in a ‘conservatively financed transaction’ that was more than a year in the making.
2 min read · 22 January 2013
The private equity firm will continue to invest in these regions, but has decided dedicated teams weren’t warranted given global financial turmoil coupled with the ‘difficult investment’ climate.
2 min read · 22 January 2013
