Receivers have been appointed at two further Dawnay Day companies while Peter Klimt resigns as non executive director of London-listed Dawnay, Day Treveria and another property company taken public by the group severs its links.
2 min read · 22 January 2013
Completion of the deal with an enterprise value of €4.5bn comes four months after Italy’s Pirelli Real Estate and RREEF said they were among a quartet of investors buying a 49 percent stake in German department store joint venture.
1 min read · 22 January 2013
Polymath and industry pioneer Lord Charles Cecil retired last month from Helix Associates, the firm he founded and sold to US investment bank Jefferies.
1 min read · 22 January 2013
Just a few weeks ago, there was more talk of distressed sellers than actual motivated sellers. Now talk is about to turn into action.
2 min read · 22 January 2013
Andrew Pettit and William Killick, who formed Revcap in 2004 as a specialist co-investment firm, have teamed up with Kilmartin Property Group to launch a joint venture fund hoping to pick up smaller commercial assets in areas of London.
1 min read · 22 January 2013
The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
2 min read · 22 January 2013
The Chicago-based private equity real estate firm led by former Heitman partner Christopher Merrill and the grandsons of the Motorola founding fathers, Christopher and Michael Galvin, will expand its “recession-resistant” investments in the US education, healthcare and boat storage real estate sectors.
2 min read · 22 January 2013
A £1bn office redevelopment planned by MSREF near London’s Waterloo Station is being opposed by Boris Johnson, the new mayor of London, who was voted in by Londoners at the start of May.
2 min read · 22 January 2013
The Denver-based company, the world’s largest owner, developer and manager of distribution facilities, has made a number of appointments recently. The latest is that of Philip Dunne, who becomes chief operating officer in Europe and the Middle East.
1 min read · 22 January 2013
The real estate arm of German bank, Commerzbank, has returned to the London property market for the first time in three years after previously buying the headquarters of insurance institution, Lloyd’s of London.
2 min read · 22 January 2013
