Europe’s banking sector gets shaken up even more as Commerzbank agrees to sell off its commercial real estate and public finance bank, Eurohypo, within five years.
1 min read · 21 January 2013
Lisa Feifer, who spent two years at Lehman Brothers as director of investor relations assisting Lehman Brothers in Europe to fundraise, has joined Europe’s Orion Capital Managers in the London office. The news comes as it emerged that Gerald Parkes, the head of Lehman’s private equity real estate business in Europe, is leaving the company this month.
1 min read · 21 January 2013
Los Angeles-based firm Colony Capital is hoping to acquire a stake in struggling Central European property firm Orco, after the company started bankruptcy protection proceedings.
2 min read · 21 January 2013
Rhys Lewis, who was hired from Moorfield Group in 2005 to expand the firm’s European operation, has created Anglesea Capital to invest in the UK.
1 min read · 21 January 2013
The London-based firm has appointed Hugh Elrington as head of UK transactions. Elrington spent 11 years at CB Richard Ellis and the last two years at Pensus Fund Management.
1 min read · 21 January 2013
New Mexico’s governor Bill Richardson ordered the state’s $11.8bn oil and gas endowment to suspend investing in private equity and real estate while the endowment reviews investment recommendations made by Aldus Equity. Recommended commitments to Landmark Equity, Newstone Capital, Veronis Suhler Stevenson and Ares Management will have to go through a 'vetting' process again.
2 min read · 21 January 2013
Investors in Morgan Stanley’s $8bn MSREF VI International fund have been told to expect a 0.7x haircut. The firm will focus on preserving and generating liquidity, deleveraging and de-risking the portfolio and working through debt issues with lenders, LPs learned at a meeting in New York last week.
1 min read · 21 January 2013
Britain’s Homes and Communities Agency has launched an initiative which could potentially attract significant investment into the housing market by encouraging institutions to fund new homes specifically for private renting.
2 min read · 21 January 2013
There is too much confined equity waiting on Europe’s investment market sidelines, according to the head of cross-border capital markets at property services firm Cushman & Wakefield.
2 min read · 21 January 2013
Gerry Blundell, who retired from LaSalle Investment Management following a 30-year stint with the firm, has joined the property arm of UK insurer Legal & General as a strategy advisor.
1 min read · 21 January 2013
