Hudson Global Capital Partners is seeking to raise £75 million for a vehicle called Open Sky to buy Central London property.
1 min read · 21 January 2013
A second property IPO is to be staged in London as a specialist retail investor and asset manager seeks to raise £250 million. The capital raising comes one month after Max Property Group was admitted to the AIM market in London and raised £220 million.
2 min read · 21 January 2013
The real estate arm of insurance firm Prudential has hired Jack Taylor, Steven Plust and Stephen Alpart as it builds its debt investment operations. Taylor will be head of PREI's global high yield debt business.
2 min read · 21 January 2013
The German retailer needed state loans to renew credit lines worth up to €710m by Friday. That request was denied. Goldman Sachs’ Whitehall funds, RREEF, Pirelli Real Estate, Generali and the Borletti Group own a portfolio of Arcandor real estate.
2 min read · 21 January 2013
Property Investors’ president and CEO Roger Orf highlighted the increased availability of cheap commercial real estate debt packages as one of three investment opportunities of tomorrow at the PERE Forum: Europe.
2 min read · 21 January 2013
While many investors are 'shell-shocked', Citi Property Investors’ president and CEO Roger Orf believes a trio of future investment opportunities offer up reasons for optimism. He said debt, residential and real estate securities could be 'silver linings'.
2 min read · 21 January 2013
The German government has rejected a request from Arcandor for €650 million of assistance from the national rescue fund, which would have helped keep the owner of store group Karstadt afloat. RREEF teamed up with Italy’s Pirelli Real Estate, Generali and the Borletti Group last year to buy a 49 percent stake in Arcandor’s Karstadt real estate portfolio of 164 stores. Goldman Sachs owns the other 51 percent.
2 min read · 21 January 2013
As LPs weigh their options, two real estate funds are offering investors the ability to say ‘no’ to certain deals. By Jonathan Brasse
2 min read · 21 January 2013
The chief executive of developer, Helical Bar, has told Reuters that an unnamed firm has invested in the company as part of a recent £500 million capital raising exercise to help fund future acquisitions.
1 min read · 21 January 2013
The founder of Knight Trading is planning a series of funds that will target discounted office, multifamily and condos in the New York area and Florida. KABR’s first acquisition is AIG’s New Jersey office.
2 min read · 21 January 2013
