Prudential’s real estate investment arm has sold its majority interest in a portfolio of 36 self-storage properties to Extra Space Storage for about $300 million.
1 min read · 17 January 2013
Head of terms agreed for Terra Firma’s German residential property company, Deutsche Annington, to refinance €4.5bn of outstanding cmbs debt.
2 min read · 17 January 2013
Following its JV with AXA REIM, Norges Bank Investment Management has formed a similar partnership with Generali whereby it has agreed to buy a 50% stake in five Paris properties from the Italian insurer for €275m.
2 min read · 17 January 2013
The Beverly Hills-based global real estate firm has teamed up with Deutsche Bank to target commercial and residential real estate loans in Europe with a focus on the UK and Ireland.
2 min read · 17 January 2013
This week milestones were reached for the London skyline as the Shard – Western Europe’s tallest tower – was inaugurated and Battersea Power Station was sold once again.
4 min read · 17 January 2013
ImmoFinRE Group has held a final close of ImmoFinRE II and has already made nine investments so far in funds targeting Latin America, China, Macau, India, Canada and Turkey.
2 min read · 17 January 2013
A new survey from the New York-based accounting and consulting firm reveals that investors are gaining confidence in the office markets of Denver, Phoenix and Southeast Florida, especially as job growth continues in these areas.
3 min read · 17 January 2013
A group comprising SP Setia, Sime Darby and the Employees’ Pension Fund of Malaysia have exchanged contracts to buy the iconic London property from receivers.
2 min read · 17 January 2013
London–based Internos Real Investors has raised €75m from German institutional investors for the first close of its debut real estate investment fund. In so doing, the firm has evolved from a fund management consolidator to become a traditional private equity real estate firm.
3 min read · 17 January 2013
The largest LP in Colyzeo Investors II, Colony's European fund whose investments in hotel group Accor and hypermarket giant Carrefour halved in value, has failed in its bid to suggest that LPs should be fully entitled to documents in holding companies or special purpose vehicles.
3 min read · 17 January 2013
