The majority of investors led by US private equity firm JC Flowers has rejected Germany’s offer for real estate lender Hypo Real Estate after the board of the bank accepted it. A small minority in the JC Flowers led consortium have agreed to sell their position.
1 min read · 21 January 2013
A London-based start-up chaired by Paul Orchard-Lisle, the former senior partner of property services firm Cushman & Wakefield, wants to launch two funds targeting London as well as a China vehicle and an infrastructure fund.
1 min read · 21 January 2013
The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.
1 min read · 21 January 2013
A proposed European directive differentiates between private equity and hedge funds, but has sparked concern among the European mid-market that managers and portfolio companies will be burdened with ‘costly and unwarranted’ reporting standards.
2 min read · 21 January 2013
The former senior management team of London based industrial property company GPT Halverton have set up their own investment business, M7 Investment Management.
1 min read · 21 January 2013
The private equity real estate arm of property services firm Knight Frank received a takeover bid from Romanian property company Black Sea Global Properties for its London listed European property fund. Fund share values doubled as a result.
1 min read · 21 January 2013
The private equity real estate firm has acquired around €800m of real estate debt backed by German assets since July last year.
1 min read · 21 January 2013
The European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board, as one of the existing founders, Morgan Stanley’s Jan-Willem de Geus, relocates to Singapore.
1 min read · 21 January 2013
European Property services firms are planning to supplement transactional income by growing their fund management businesses and investments in third party vehicles.
1 min read · 21 January 2013
Leon Bressler, managing partner of New York-based Perella Weinberg Partner’s real estate investment management business, tells delegates at the annual conference hosted by The European Association for Investors in Non-Listed Real Estate Funds (INREV) that his firm sees opportunities across all sectors and in different countries in Europe.
2 min read · 21 January 2013
