California-based Colony Capital and London-based Orion Capital Managers are to buy up to €1.5bn of debt from Goldman Sachs loaned to struggling Spanish property company Colonial for €950m. The partners "stand to profit handsomely" from the deal, The Wall Street Journal said.
1 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
Private equity and real estate investor Patron Capital Partners has delisted Powerleague, a UK-based five-a-side football operator, from London’s AiM.
1 min read · 21 January 2013
Hudson Advisors Europe, the European arm of the mortgage special servicing platform previously described as the “factory” of Dallas-based Lone Star, has added to its offices in Munich and Frankfurt with an office in London.
1 min read · 21 January 2013
The continued growth of China and India means Asia is set to provide the greatest range of investment opportunities in 2010, according to a recent report by the Chicago-based property manager which also said the best opportunities in the UK have passed.
2 min read · 21 January 2013
The global head of ING’s multi-manager business is leaving at the end of the year
2 min read · 21 January 2013
Despite fears the US real estate recovery will be prolonged owing to banks’ willingness to extend debt maturities and workout mortgages, ING believes mid-2010 will mark the start of financial institutions starting to offloading troubled assets.
2 min read · 21 January 2013
Akkeron Group, the investment business formed by ex-global head of real estate and lodging at Citibank, James Brent, has launched a hotels investment business after purchasing Folio hotels’ assets.
1 min read · 21 January 2013
CDC and Norfund are among a group of LPs that want to ensure ‘the next generation of emerging market private equity funds are raised on terms that reflect the principles’.
2 min read · 21 January 2013
Aside from deals with the Royal Bank of Scotland and the National Pension Service of Korea, Rockspring has been busy raising its UK Value Fund. PERE Magazine December 2009- January 2010 issue
1 min read · 21 January 2013
