VTB Capital and Deutsche Bank’s global real estate group have set a target of at least €300m for VTBC-DB Real Estate Partners I. Scandinavian pension funds, including Ilmarinen and Etera, are among the first limited partner investors in the fund.
1 min read · 21 January 2013
MGPA has added to investments in Italy, Greece and Poland with the €210m purchase of Hammerson’s Les Trois Quartiers office and retail building.
1 min read · 21 January 2013
A new business has been established by Ric Lewis, former chief investment officer of AEW Europe and chief executive of Curzon Global Partners. Tristan Capital Partners will continue to manage two AEW vehicles.
1 min read · 21 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 21 January 2013
Shareholders of the troubled German lender today approved a government plan to nationalise the bank by means of a capital increase. JC Flowers said it will try to safeguard its investments including possibly taking ‘legal steps’.
2 min read · 21 January 2013
Residential property prices crashed 50 percent in the first quarter of the year – the worst fall anywhere in the world, according to a Global Property Guide survey. The downturn mirrors Latvia's economic woes.
1 min read · 21 January 2013
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
1 min read · 21 January 2013
Arbuthnot Banking Group has poached UBS managing director Richard Tanner to spearhead its entry in the real estate fund management sector.
1 min read · 21 January 2013
ING Real Estate has been awarded the management of a Tokyo based pan-Asia real estate opportunity fund after its previous manager ran into financial difficulties. Following the deal, ING Real Estate now manages $4.97 billion of assets across Asia.
2 min read · 21 January 2013
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
2 min read · 21 January 2013
