The Swiss-based alternatives firm which advises some of the largest investors in the world says only very few markets such as the UK have reached the ‘late downturn’ stage. The finding comes as Blackstone is tipped to buy a 50 percent stake in a London office complex for £150m.
2 min read · 21 January 2013
Former Istithmar managing director Richard Johnson has resigned from his post as the chief executive officer of a jointly managed real estate fund by his old employer and current employer Standard Chartered.
2 min read · 21 January 2013
The Texas-based company, which manages a number of closed-ended funds and joint ventures, says it will target $3.5bn from individual investors in the initial public offering of Hines Global REIT. The firms says it will have the advantage of tenure and expertise in developed markets as well as in emerging markets.
1 min read · 21 January 2013
A day after the Och-Ziff backed company announced a hitch in its debut deal, reports are suggesting junior lender Citi wants to buy the assets instead in order to recover value.
1 min read · 21 January 2013
The Bahrain bank, led by Sheikh Mohammed Issa Mohammed Al Khalifa, has committed £39m to three developments with London-listed student accommodation group, Unite.
1 min read · 21 January 2013
Max Property Group says it debut purchase of a £232 million package of properties out of receivership has been put into doubt because receiver Ernst & Young says it has not been able to meet the conditions of the deal.
1 min read · 21 January 2013
Deutsche Pfandbriefbank, the business formed in June out of a merger between Hypo Real Estate Bank and subsidiary Depfa Deutsche Pfandbriefbank, has provided European funds managed by Denver logistics giant ProLogis with financing to acquire new assets and refinance others.
1 min read · 21 January 2013
A combination of deteriorating fundamentals, lower property values and constrained capital markets will prove a “tall order” for many US investors, according to PREI. However, the firm says the speed of the current downturn could mark the start of ‘cautious optimism’ about US real estate.
2 min read · 21 January 2013
The Canadian pension CPPIB has teamed up with GIC Real Estate and a local property company to target Brazilian real estate.
2 min read · 21 January 2013
The private equity vehicle of US billionaire George Kaiser has completed the largest office deal in San Francisco so far this year. Argonaut Private Equity Group has bought a $40.8m note for the central business district office.
1 min read · 21 January 2013
