US advisory firm says foreign buyers of distressed loans will eventually enter Spain, but they will continue to wait on the sidelines until evidence that banks and Spanish regulators are willing to accept ‘market realities’.
4 min read · 17 January 2013
Morgan Stanley ‘couldn’t agree a price’ with Santander over a €700m property portfolio in Spain, as sources play down the country’s economic woes as a reason for the deal collapsing.
2 min read · 17 January 2013
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.
3 min read · 17 January 2013
In a commentary today on the defensive value of real estate, CBRE’s chief EMEA economist, Peter Damesik, argues that even in the most extreme circumstances, it is unlikely investors would experience a total loss if they buy an office occupied by a bank, making it better than owning shares in the banks themselves.
3 min read · 17 January 2013
The Birmingham, Alabama-based investment management firm has purchased a four-strong industrial property portfolio and an office park from the UK REIT on behalf of its latest opportunistic fund and in tandem with 'institutional investors'.
2 min read · 17 January 2013
The European distressed market is perceived by some as an ‘invitation-only’ market favouring the very largest private equity funds, according to a survey.
3 min read · 17 January 2013
The specialist European retail private equity real estate firm has so far secured €130m of commitments as it seeks to raise its second fund.
2 min read · 17 January 2013
The US government’s development finance agency will help to leverage investments by Actis’ second African real estate fund, which will develop commercial properties in the sub-Saharan region.
2 min read · 17 January 2013
In entering the North America market, the Australia-based industrial property company will be partnering with California-based Birtcher Development and the Canadian Pension Plan Investment Board to develop and invest in logistics and industrial facilities across the region.
3 min read · 17 January 2013
The London-based manager has won a mandate from the pension scheme of Boots, the retailer which KKR recently sold to Walgreens of the US.
2 min read · 17 January 2013
