The European Commission has revised its conditions imposed on Germany’s Commerzbank with regard to its property lending unit Eurohypo. Instead of selling off the subsidiary and its €67 billion loan book, the bank will now be wound down and its assets separated into three divisions.
3 min read · 17 January 2013
Michael Gerlich has formed a German investment and asset management firm called Fiduciary Capital in conjunction with the closing of Rockpoint’s Frankfurt office.
2 min read · 17 January 2013
The Garden State’s investment division is looking to purchase the portion of CT High Grade Partners II in which General Motors has invested. The vehicle, which focuses on real estate debt, is managed by Capital Trust.
2 min read · 17 January 2013
The Singapore-based fund management company has made further inroads into its capital raising efforts for its ARA Asia Dragon Fund II after holding a second closing. Capital raising is expected to complete by the end of the year.
2 min read · 17 January 2013
Having committed capital to London-based family office investment firm FORE, Capricorn Investment Group chief investment officer says family offices are ‘yearning for a new model’ as opposed to commingled, blind-pool, private equity real estate funds.
3 min read · 17 January 2013
The $320 billion pension fund has indicated it will open an office in London in June. The pension service, which has invested heavily in real estate of late, only has one other office outside of Korea in New York.
2 min read · 17 January 2013
Brian Niles, head of Morgan Stanley Real Estate Investing in Europe, said the company was pleased to be ‘at the forefront’ in acquiring loan portfolios from Ireland’s National Asset Management Agency.
2 min read · 17 January 2013
The London-based private equity real estate firm is poised to become the beneficiary of a defaulted CMBS in Germany issued against a residential-led portfolio comprising almost 2.5 million square feet.
2 min read · 17 January 2013
Christine Pastore, who headed up the $70bn system’s real estate investment programme, will leave a legacy of strong GP relationships, including an innovative partnership with Blackstone.
4 min read · 17 January 2013
Paul Bacon, the long-serving chief executive officer of the world’s largest private property services firm, is to relinquish his post to the firm’s chairman, Carlo Barel di Sant’Albano, as he eyes launching his own investment management firm.
2 min read · 17 January 2013
