The Swiss banking giant has bought four offices totalling $262m for its Credit Suisse Real Estate Fund International. The properties are located in Leeds and Bristol in the UK and Boston and Washington DC in the US.
1 min read · 21 January 2013
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
2 min read · 21 January 2013
Hundreds of workers at MidCity Place, a large office building owned by the Boston-based firm, were forced to evacuate after fire spread through the office yesterday afternoon.
1 min read · 21 January 2013
Four investors, including Danish pension fund PenSam, committed more than €100m to Sparinvest Property Fund II. The fund will target UK property funds first.
1 min read · 21 January 2013
The struggling Central European property firm, Orco Property Group, has reportedly hired UBS bank to help find potential new investors. Colony is still in talks to acquire a stake in the group after Orco filed for bankruptcy protection.
2 min read · 21 January 2013
The US buyout giant TPG has completed the purchase of a 34.5% stake in Lenta with Russian banking partner, VTB. The deal has been announced a fortnight after Russian president Vladimir Putin encouraged foreign firms to look to the country for investments.
2 min read · 21 January 2013
Private equity firms including Blackstone, Fortress and AREA are reportedly lining up takeover approaches for Minerva, a London-focused development firm.
1 min read · 21 January 2013
Prime minister Gordon Brown has unveiled proposals to sell ‘non-financial’ assets for a combined £3bn. The subsequent sale of local government real estate assets could raise an additional £13bn.
3 min read · 21 January 2013
The private equity and real estate firm has fallen short of its target, but raised 35% more than Fund II.
2 min read · 21 January 2013
Global property services firm Cushman & Wakefield joins forces with UK pensions and insurance firm Scottish Widows for the launch of a European retail fund to seek deals in city centres across the continent.
2 min read · 21 January 2013
