The real estate arm of the US pension fund and asset manager is targeting commercial real estate opportunities in the UK and Europe with its first international office. Former Invesco retail executive Paul Wilson will lead the effort.
2 min read · 22 January 2013
The latest quarterly report from the US Real Estate Roundtable warns that 95 percent of real estate chief executives feel that access to debt financing is worse than 12 months ago, with almost nine out of 10 professionals saying commercial asset values will stay flat or even drop over the coming year.
2 min read · 22 January 2013
In one of the largest real estate deals by a private equity firm this year, Credit Suisse has purchased a minority stake in Hyderabad-based developer Indu Projects.
1 min read · 22 January 2013
The UK fund manager has recruited John Harding as business development director of property to work with distribution teams across Europe, the US and Asia.
1 min read · 22 January 2013
The US Securities and Exchange Commission has sued the owners of private equity firm Wextrust Capital, Steven Byers and Joseph Shereshevsky, for allegedly defrauding investors of more than $100m, raised primarily from Orthodox Jews. Wextrust invested primarily in undervalued real estate assets.
2 min read · 22 January 2013
The global alternative asset manager’s $308m investment in Brazil is the latest in a host of private equity real estate investors looking to capitalize on the country’s growing property market.
1 min read · 22 January 2013
Emerging markets accounted for a quarter of all property sales during the first half of 2008, compared to just 10 percent a year ago. More than 9,000 properties valued at $306bn were sold in the first six months of this year.
3 min read · 22 January 2013
Gary Stein has moved over to the Leon Black-led alternative asset manager to enhance the firm’s visibility ahead of an expected $418m float on the NYSE.
2 min read · 22 January 2013
Kim Ho-Shik, former president of South Korea’s $230bn National Pension Service, has joined the advisory board of the Singapore-based real estate investment firm.
2 min read · 22 January 2013
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
2 min read · 22 January 2013
