Angus Dodd, a former managing director at JER Partners in Europe, has joined US firm Lone Star to search out UK investments.
1 min read · 21 January 2013
Italy’s Pirelli group issued a flat denial today that it is contemplating the break up and sale of its real estate funds under management contrary to various press reports.
1 min read · 21 January 2013
The bank may sell offices in New York, Paris and London, and possibly lease them back, after receiving interest from investors. This would be the second time in two years the bank has sold its landmark London HQ. In December, it bought back the property from Metrovacesa at a 25% discount after selling it to the Spanish group in 2007 for a record £1.1bn.
1 min read · 21 January 2013
The New York-based private equity real estate firm has raised €3.1bn to date for its third European vehicle, according to regulatory filings.
1 min read · 21 January 2013
MGPA, the European and Asia-focused private equity real estate firm, is reportedly discussions with quoted UK property company British Land about buying a stake in the Broadgate complex by Liverpool Street station in London's financial district.
1 min read · 21 January 2013
The German government today launched its long-awaited takeover approach for Munich-based property lender Hypo Real Estate. Private equity firm JC Flowers and private equity real estate firm Grove International have said they want to retain their minority shareholding.
1 min read · 21 January 2013
End of an era as Italy’s Pirelli Real Estate parts company with its charismatic vice president and chief executive, Carlo Puri Negri. Puri Negri says he hopes Pirelli will “emerge successfully” from the deep crisis in the property sector.
2 min read · 21 January 2013
Speymill, the AIM-listed real estate fund manager and contractor, has resumed trading on London’s junior stock exchange following a nearly three-month share suspension. Meanwhile rival AIM-listed fund, Macau Property Opportunity Fund, reports a fall in the value of its portfolio and the securing of its first loan.
1 min read · 21 January 2013
The New York-based firm is in advanced talks to help recapitalise the Junction retail park fund, according to a report in the Financial Times. If the deal completes, it would extend the relationship between AREA and the Junction’s fund manager, Capital & Regional.
1 min read · 21 January 2013
Prupim has joined other large British landlords such British Land and Capital & Regional in trying to ease the cash-flow problems of their retailers. It follows a high profile campaign by retailers for rent to be paid monthly, rather than quarterly.
2 min read · 21 January 2013
