The New York firm has taken just four months to raise more than a third of its $10 billion target for the incoming real estate opportunity fund. Separately, it also is in talks with Bank of America Merrill Lynch to buy the remaining real estate from its global real estate principal investments platform.
2 min read · 18 January 2013
Certain Central and Eastern European markets – Russia in particular – have seen an increase in levels of activity, while competition for prime assets in Western Europe remains ‘intense’, according to a report by CB Richard Ellis.
2 min read · 18 January 2013
The European arm of the real estate investment management and advisory business of Prudential Financial adds to its stable of European joint venture partners a residential specialist in Berlin. The partnership has already committed approximately €24m to the purchase of 13 residential blocks.
2 min read · 18 January 2013
Europa clocks up a deal for its Europa Emerging Europe fund and Europa Capital III investing about €100 million in the Mall of Sofia.
2 min read · 18 January 2013
PERE responds to those asking if the publication’s London staff are barricaded in.
4 min read · 18 January 2013
The C$153.2 billion Canadian pension plan saw its real estate assets under management grow 0.9% to 8.2% of total assets in the last quarter alone, thanks to something of a investing spree.
2 min read · 18 January 2013
London-based Rockspring Property Investment Management has begun its quest to raise up to €400m for its next European core-plus/value added fund.
2 min read · 18 January 2013
In its second quarter results, the New York-based asset manager reported that revenue growth in its real estate segment had sextupled, largely from increased management fees, and also revealed a second closing for its latest real estate fund.
3 min read · 18 January 2013
With yields for trophy properties having fallen to low levels, investors should be shifting their focus to non-core real estate assets and markets where capital is scarce, according to new investment recommendations by the Swiss firm.
2 min read · 18 January 2013
The European Bank for Reconstruction and Development (EBRD) is on the hunt for a new director of property and tourism – one of the most significant roles in Eastern European property.
2 min read · 18 January 2013
