The Blackstone Group, Centerbridge Capital Partners, Lone Star Funds, TPG Capital, Lubert-Adler Partners, Cerberus Capital Management and Colony Capital are among the bidders to have met the 9 August first bids deadline.
2 min read · 18 January 2013
Leon Black-led Apollo – which has approximately $10bn in dry powder – believes the volatile markets could be rife with opportunities.
2 min read · 18 January 2013
The takeover of property services firm DTZ, which has a property investment management arm, is said to be in doubt as both chief executive Paul Idzik and chief operating officer Robert Rickert resign. Meanwhile, the takeover of ING REIM by CBRE is said to be ‘on track’.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
The Los Angeles-based firm says it has struck its fourth nonperforming loan deal in Germany but, more importantly, it is the first time syndicated loans have been sold together as a package by a banking consortium as an NPL transaction in Germany, possibly in Europe.
2 min read · 18 January 2013
The European private equity real estate firm has struck up a partnership with Ediston Properties to amass more than £250m of commercial real estate in the UK.
2 min read · 18 January 2013
The Amsterdam-based firm has hired Julie Helweg from Denmark’s Property Group as it gears up for Composition’s Europe Fund III.
1 min read · 18 January 2013
BPT Asset Management, a Copenhagen-based firm, has invested in Estonia five months after praising the Baltic economies for being amongst the quickest in Europe to ‘politically embrace’ the economic challenges of the financial crisis.
2 min read · 18 January 2013
The insurer’s Latin American real estate investment arm plans to raise $500 million for a fund targeting sustainable housing in Mexico. First, however, it is looking for a starter commitment from the IFC.
2 min read · 18 January 2013
The New York firm has exchanged contracts to buy a £60m data centre in London in its first deal in Europe since taking over Citi Property Investors last November.
2 min read · 18 January 2013
