The funding by the Frankfurt am Main-based fund manager is for a 350,000 square foot development in Manchester by London-based real estate developer Allied London.
2 min read · 18 January 2013
Optimum Asset Management, the Berlin and London-based real estate fund manager expects to generate a return of 15% IRR from investments, mainly in Berlin’s residential market.
2 min read · 18 January 2013
The private equity firm was bidding alongside local operating partner Development Securities to develop at London’s Shell Centre in a £300m deal, but another consortium involving Canary Wharf Group backed by Qatar are now reportedly favourites.
1 min read · 18 January 2013
The Leeds-based real estate firm, led by entrepreneur Kevin McCabe, is to invest Chinese capital in the UK real estate market via a joint venture formed with Hong Kong-based Wyndham Advisors.
1 min read · 18 January 2013
Four additional appointments for private equity real estate firm Corestate Capital, including former professionals of Oppenheimer, Morgan Stanley, JER and Hudson Advisors.
1 min read · 18 January 2013
The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
2 min read · 18 January 2013
Anglo Irish Bank wants to offload its roughly $10 billion portfolio of US property loans in one fell swoop. Given private equity real estate’s finest are arranging themselves into bidding consortiums, the omens look good that its wish will be granted.
4 min read · 18 January 2013
The UK asset manager has launched a closed ended vehicle with a Singapore bank and a private US firm. Hermes is putting in up to $150m on behalf of client, British Telecom Pension Scheme, while its two partners are contributing $25m each.
1 min read · 18 January 2013
The fund, Sarasin Sustainable Properties – European Cities, is targeting mainly Swiss pension funds, and is said to be the first real estate vehicle for institutional investors to invest solely in sustainable buildings in high-growth European cities.
1 min read · 18 January 2013
Russell Jewell, former Merrill Lynch Global Principal Investments head of Europe, has joined AEW. Chief investment officer, Rob Wilkinson, said the firm looked forward to building its private equity platform ‘as market appetite for value-add and opportunistic products increases’.
1 min read · 18 January 2013
