The Greek government is seeking to appoint advisers for stake sales in a number of its infrastructure assets to supplement sales of its real estate. Reports suggest the assets will be placed in an independent fund with the sales to be conducted with EU assistance.
2 min read · 18 January 2013
The European Parliament’s decision this week to hold firm on the incoming European Market Infrastructure Regulation (EMIR) was a kick in the teeth for Europe’s property managers. But, there’s still time to fight its stipulation that derivative trades must be cleared via a central counterparty.
3 min read · 18 January 2013
Graham Langlay-Smith, formerly of Credit Suisse’s private equity real estate business where he was responisble for European acquisitions and asset management, has joined London-based Wainbridge as chief financial officer.
1 min read · 18 January 2013
Further news of consolidation within Europe’s property services sector emerged today as Jones Lang LaSalle said it had agreed a deal to buy rival King Sturge for £198m.
2 min read · 18 January 2013
AREA Property Partners and Delancey have prevailed in a bidding war between private equity real estate firms for London Stock Exchange developer Minerva. Should the bid materialise into a completed transaction, the partners will inherit a portfolio last valued at £1.2bn.
2 min read · 18 January 2013
Peakside Capital, which took over the management of two former Merrill Lynch real estate opportunity funds in Europe last year, has acquired an office in London on vacant possession.
1 min read · 18 January 2013
London-based Mountgrange has teamed up with partners at residential specialist Pluto Capital for a fund aiming to supply £50m of mezzanine loans to help finance residential developments in London and the South East of England. The firm said that the vehicle was the first of its kind in the residential sector.
3 min read · 18 January 2013
Year end results show the Canada Pension Plan’s real estate portfolio increased in value to C$10.9 billion and returned 13.9 percent in a year described by president and CEO David Denison as an ‘excellent performance year’.
2 min read · 18 January 2013
Former Prudential Real Estate Investors executive Robert Bilse has been appointed vice president of Brookfield’s private funds group, based in New York, supporting capital raising and marketing activities.
2 min read · 18 January 2013
According to the first piece of dedicated research by CB Richard Ellis, an increasingly competitive mezzanine finance sector in Europe has seen lenders reduce their return expectations considerably since the advent of the credit crunch.
2 min read · 18 January 2013
