Land Securities, the London-listed property company with assets valued at just less than £10bn under management, has appointed Orchard Street Investment Management chairman Chris Bartram as a non-executive director.
1 min read · 21 January 2013
The 11 shops have been sold to a German pharmaceutical pension fund for just over €58 million.
1 min read · 21 January 2013
A consortium of heavyweight investors including Allianz, RREEF and Goldman Sachs, is reportedly the sole remaining bidder in the auction to acquire the Swedish energy company’s German transmission grid.
1 min read · 21 January 2013
Guy Hands’ firm is in discussions with Citi about restructuring the $5.5bn debt burden weighing on EMI. The music group – home to such stars as Coldplay and REM – accounts for 30% of Terra Firma’s two latest buyout funds.
2 min read · 21 January 2013
Jean-Marc Vandevivere has left San Francisco-based Horsley Bridge Partners to research markets and opportunities for British Land, a London REIT.
1 min read · 21 January 2013
The former president of JER Partners in Europe has joined private property investment company Three Delta, which attempted to acquire Sainsbury’s supermarket group in the UK two years ago.
1 min read · 21 January 2013
Cohen & Steers’ global funds of funds chief Stephen Coyle warned that vehicles which bought assets with more than 65% leverage after 2003 are in ‘serious trouble’. Expectations the UK was already starting to recover were wrong though, with the economy likely experiencing a ‘head fake’.
2 min read · 21 January 2013
LaSalle Investment Management has managed to refinance a property in the French capital for its Growth Fund II.
1 min read · 21 January 2013
Last week Los Angeles-based CBRE Investors held a $100 million close for its Asian fund of funds, the Asia Alpha Plus Fund. One investor swapped out of a commitment to an Asian country specific vehicle to join the fund. Here Jeremy Plummer, head of CBRE’s multi manager business, explains why.
2 min read · 21 January 2013
The quoted opportunistic firm is planning to boost its equity by £219.5m via another share offer.
1 min read · 21 January 2013
