The subsidiary of New York-based real estate investor Vantage Properties has bought a 776-unit garden apartment block in New Jersey. It is Vantage Mid-Atlantic’s first deal and first JV with Angelo Gordon.
1 min read · 21 January 2013
New York based-Westbrook Partners is seeking to sell Shell-Mex House, a large office building in London, two years after paying £494 million ($831 million; €582 million) for the property.
1 min read · 21 January 2013
London-based Hansteen Holdings has raised £90m in equity for a UK-focused industrial fund. Morgan Jones, the firm’s chief executive officer, said the vehicle was targeting “high income generation” assets and would aim to provide its investors with a return of between 12-15 percent.
2 min read · 21 January 2013
Shaun Mays replaces Mark Woodall at the helm of low carbon-focused private equity firm Climate Change Capital just as it begins raising a €500m vehicle. Prior to joining CCC in October 2008, he was the head of Deutsche Asset Management’s RREEF Infrastructure Investments.
1 min read · 21 January 2013
The pension's former real estate head, Michael Latimer, takes the CIO reins as OMERS prepares to manage third-party money as well as a multi-billion co-investment fund for institutional LPs.
2 min read · 21 January 2013
A London-based private property investment firm has acquired coffee chain, Coffee Republic, out of administration, vowing to expand the number of outlets in the UK and elsewhere.
1 min read · 21 January 2013
The latest research by Jones Lang LaSalle concludes that demand is expected to remain weak against a backdrop of 4m sq. m of office space due for completion this year. It comes as ING’s CIO Ian Whittock calls the bottom for UK property prices.
2 min read · 21 January 2013
The British insurer is in the process of setting up a fund to acquire homes for rent. In May, the Homes and Communities Agency called for pension funds and other financial institutions to invest large-scale in the residential sector.
1 min read · 21 January 2013
The Spanish real estate firm says it plans to invest €60 million in a project to build a factory outlet centre in southern Portugal.
1 min read · 21 January 2013
AiM-listed Speymill Macau Property Company this week replaced five board members following an EGM called by one of its major shareholders. Shares in the firm rose by 6.5% on the news.
1 min read · 21 January 2013
