DTZ has finally been sold to Australian engineering, construction and maintenance company UGL Limited, bringing its protracted sale saga to a close. The combined company has 24,000 staff, 225 offices across 45 countries and generates an annual revenue of about £1.2bn making it one of the largest property services groups in the world.
3 min read · 18 January 2013
Senior investor relations executive Rob Johnson has left The Blackstone Group’s Asia real estate platform to join JPMorgan Asset Management’s Global Real Assets division for a China-focused role.
2 min read · 18 January 2013
The fate of Morgan Stanley Real Estate Investing’s latest global opportunity fund lies in an investor vote to extend its investment period scheduled to happen this month.
3 min read · 18 January 2013
Morgan Stanley Real Estate Investing has moved quickly to replace Naresh Naik who quit as India country head at the $43 billion platform last month.
2 min read · 18 January 2013
Hong Kong-based Harvest Capital Partners is planning to launch new funds in 2012 as it reaches the final stages of its earliest funds and approves the final acquisitions for its current retail development vehicle.
3 min read · 18 January 2013
There’s a parallel between what happened in the world of heavy metal music in the late 1990s and what is happening in the world of private equity real estate today.
3 min read · 18 January 2013
If you are contemplating raising a fund, you need to read this. Alan Pardee, globetrotting managing partner of Mercury Capital Advisors, explains what he is finding out on behalf of GPs looking for capital.
5 min read · 18 January 2013
CY Leung, DTZ’s chairman in Asia Pacific, has handed in his notice at the firm in order to run for chief executive of Hong Kong in next year’s election. Leung merged his Chinese property services company CY Leung & Co into DTZ in 2000 providing the London-based firm with a strong footing in the Chinese market.
2 min read · 18 January 2013
Tokyo-based Secured Capital and London-based asset manager Aviva Investors are plotting the introduction of a hybrid investment vehicle focused on Japan offices. The blind pool club would have characteristics of traditional blind pool funds and non-discretionary investment clubs.
2 min read · 18 January 2013
The Chicago-based shopping centre REIT, which was recapitalised by Brookfield's turnaround consortium last year, has chosen the former Equity International exec to head up investor relations.
1 min read · 18 January 2013
