Continuing its foray into Europe’s student accommodation sector, The Carlyle Group has bought the former headquarters of The Rotterdam Social Insurance Bank with a view to converting it into a 250 room ‘student hotel’.
2 min read · 18 January 2013
The John Grayken-led firm closed its second real estate fund at the end of May and is expected to close its seventh distressed debt fund in July on roughly $4.5bn.
2 min read · 18 January 2013
Kennedy Wilson’s acquisition of the Bank of Ireland’s property platform may have surprised some, but the firm just sees it as the next step in its evolution.
3 min read · 18 January 2013
A poll of property brokers by Britain's RICS has concluded that the level of distressed property for sale listed on agents’ books in the first quarter of the year increased most in North America, Ireland, Spain and South Africa than in other markets.
2 min read · 18 January 2013
AXA Real Estate Investment Managers has been selected for the development of a 900,000 square foot office complex in Paris. Its investment in the scheme means all of the capital raised for its third European development fund is now committed to projects.
2 min read · 18 January 2013
One of the largest loan workouts in Europe has come to an end with the final asset sale of a portfolio which defaulted in June 2009, according to an announcement by the loan’s special servicer, CB Richard Ellis. The sale brings the total amount recovered from the £1.45 billion loan to £1.1 billion.
2 min read · 18 January 2013
Entree to Europe for Kennedy Wilson as the California-based firm takes over the property investment management book of troubled Bank of Ireland. The deal means the value of Kennedy Wilson’s global real estate assets under management will grow to almost $10 billion.
2 min read · 18 January 2013
The C$148 billion pension fund has bought big again, this time acquiring a 50 percent stake in the Northland Shopping Centre in Melbourne from a private Australian real estate investment company.
2 min read · 18 January 2013
The $113bn pension has issued a request for proposal for a firm to run a sale of private equity and possibly real estate fund interests on the secondaries market. Proposals are due 21 June.
2 min read · 18 January 2013
The investment and asset management division of global insurance giant Aviva plans to attract UK pension funds to the vehicle which will be used to make investments in ‘principal and mature markets’ in Europe ex-UK, North America and Asia Pacific.
2 min read · 18 January 2013
