The property investment division of UK insurer Prudential has appointed Malcolm Smith as chief operating officer. It comes as the real estate investor continues to dispose of assets. The firm has sold six properties in the UK since January.
1 min read · 21 January 2013
Cordea Savills says Britain’s commercial property market will begin to recover later this year providing ‘excellent risk-adjusted returns’, albeit selectively.
2 min read · 21 January 2013
Alabama-based Harbert Management acquires Lyon Business Park from Goodman’s European Business Park Fund.
1 min read · 21 January 2013
Peter Pereira-Gray reiterates his cautious approach to investing in private real estate funds, warning alignment of interest among LPs is a key concern.
2 min read · 21 January 2013
The Washington DC-based firm has completed the sale of a London office building after commercial real estate investment firm Menolly Investments dropped its lawsuit challenging Carlyle’s completion of the office building’s refurbishment.
1 min read · 21 January 2013
The Canadian private equity firm has been amassing the bankrupt casino operator’s senior debt. Onex made the investment from its third buyout fund, which is nearing a $3.5bn close.
2 min read · 21 January 2013
The firm AREA Property Partners has bought a minority stake in a UK retail park fund and has formed a company to undertake strategic asset management of the properties.
2 min read · 21 January 2013
The European private equity real estate manager has also acquired a second property from Banco Santander, which is liquidating its open-ended vehicle, Banif Inmobiliario.
1 min read · 21 January 2013
The vehicle, called the Devonshire UK Opportunities Fund, is hoping to coral £300 million of equity commitments from institutions and high net worth individuals.
1 min read · 21 January 2013
Having announced an investment of over €130 million in eight warehouses in continental Europe earlier this week, the Paris-based firm has continued its logistics drive with the further announcement of a purchase of four warehouses from London-listed Brixton.
2 min read · 21 January 2013
