The UK private equity real estate firm Moorfield has struck up a 50:50 JV to own a home equity release company called Sovereign Reversions
2 min read · 24 January 2013
The US firm has taken over the investment management of a UK ground rents vehicle from UBS Global Asset Management following a move by three fund managers.
1 min read · 24 January 2013
The National Pension Service of Korea has bought a stake in O'Parinor shopping centre, Aulnay-Sous-Bois, near Paris, for €223m
2 min read · 24 January 2013
The US firm is reportedly considering a public listed entity for its Center Parcs assets in the UK to help smooth a potential majority sale to M&G Investments, the fund management group owned by British insurer Prudential
1 min read · 24 January 2013
Auckland-based Du Val Group is seeking to raise nearly $1bn from Asian investors for its first blind pool, commingled funds. The firm plans to raise two funds which will target real estate investments in New Zealand and Australia.
2 min read · 24 January 2013
Simon Walker plans to leave the UK trade association next year.
2 min read · 24 January 2013
Chairman of oil group Melrose Resources, Robert Adair, will face a hearing to determine damages for failing to honour his commitment to Advantage Capital’s buyout fund. The ruling could set a precedent for over whether GPs take action over LP defaults in the future.
2 min read · 24 January 2013
Two private equity firms have acquired almost all the assets of the 84-year-old Sea Island resort in a deal that saw creditors walk away from $340m of secured debt. Bankruptcy court must approved the deal, which is unlikely to be challenged.
2 min read · 24 January 2013
Patron Capital, the Europe-focused private equity real estate firm, has acquired a majority position in the Manchester Evening News Arena, the renown concert venue in Manchester, UK. The firm has made the investment in the 21,000 capacity venue via a joint venture with London-based Development Securities.
2 min read · 24 January 2013
Los Angeles-based Oaktree Capital Management is in talks to buy a controlling stake in troubled Irish housebuilder McInerney Holdings
2 min read · 24 January 2013
