The New York-based fund manager has hit the fundraising trail with its latest US value-added fund. AREA will target commercial properties across the US.
1 min read · 18 January 2013
Proof arrived this week that there is life after Lehman as Silverpeak picked up a $1.1 billion management contract from Dubai.
2 min read · 18 January 2013
The latest survey by INREV reveals that available capital for non-listed real estate funds in Europe is waning. Despite a gloomy big picture, largely dominated by evaporating debt sources, equity availability should grow.
2 min read · 18 January 2013
After completing the first phase of the transaction in October, the Beverly Hills-based global real estate firm has completed the second and final phase of its acquisition of a loan portfolio from the Bank of Ireland.
1 min read · 18 January 2013
The US firm, Lone Star Funds, was notified yesterday evening that it had been made preferred purchaser in the auction of £900m of UK loans being sold by Lloyds Banking Group.
2 min read · 18 January 2013
The hitherto central and eastern Europe-focused Heitman has struck up a property partnership in the UK in a clear sign it is moving into western European markets.
2 min read · 18 January 2013
The property arm of insurer Legal & General has underlined the growing importance of Defined Contribution pension plans by saying net inflows in the third quarter of the year from this type of scheme into its balanced property funds have for the first time become greater than those from Defined Benefit plans.
3 min read · 18 January 2013
Franklin Templeton Real Asset Advisors and Partners Group are revealed as being part of the consortium led by AREA Property Partners and Delancey Real Estate Asset Management that took private Minerva plc in August.
2 min read · 18 January 2013
After initially offering to buy a majority ownership stake in the troubled Denver-based apartment giant for $2.5 billion, the Sam Zell-led REIT has agreed to purchase half of BofA's and Barclays' shares for half the price.
2 min read · 18 January 2013
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
