The New York-based private equity real estate firm has raised 75 percent of its $2 billion target for its global value-added real estate fund, Westbrook Real Estate Fund IX. The capital thus far has come from more than 40 US institutions.
2 min read · 17 January 2013
The $126 billion pension system has made a sizable commitment to BREP VII as part of its overall goal of committing $6 billion to alternative investments over the next three years..
1 min read · 17 January 2013
The Los Angeles-based fund manager, through a joint venture with Capital & Regional, has acquired the Kingfisher Shopping Centre for £130 million.
2 min read · 17 January 2013
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.
3 min read · 17 January 2013
According to sources familiar with the situation, the New York real estate and private equity giant is in line to bank a £100m profit from the sale of its Nido Student Living accommodation business for its Blackstone Real Estate Partners fund series.
2 min read · 17 January 2013
The London-based insurer becomes the latest non-bank to lend on real estate investments with a £121m loan to UNITE Group, the UK’s largest developer and manager of student accommodation.
2 min read · 17 January 2013
Private equity firm Terra Firma has acquired care homes group Four Seasons Health Care for £825m.
2 min read · 17 January 2013
The firm's plans to focus on country-specific core funds in Asia going forward have led to it agreeing to sever ties with the Asia Property Fund. LaSalle launched the fund in 2007 alongside Prudential’s PRUPIM with an initial $600m of assets.
2 min read · 17 January 2013
The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
2 min read · 17 January 2013
Peakside Capital’s €261m European real estate opportunity fund, inherited as part of its spin out from Bank of America Merrill Lynch Global Principal Investments, is closer to being fully invested following the acquisition of the German headquarters building of chemical group Solvay.
2 min read · 17 January 2013
