AREA Property Partners has teamed up with F&C REIT to buy a package of properties once owned by Dawnay Day, the property investor whose subsidiary companies were placed into administration last year.
2 min read · 21 January 2013
The private equity real estate firm has acquired part of the Bertelsmann Building in New York City through its $2.1 billion value-added fund for a reported $360m.
2 min read · 21 January 2013
The UK private equity firm hails the current calendar year as the year to take advantage of openings in the European property market.
1 min read · 21 January 2013
The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 21 January 2013
The fund management business owned by property adviser Savills, creates global role to meet needs of its clients. Michael Flynn is made global head of institutional business just nine months after being hired by the firm to open its office in Singapore.
1 min read · 21 January 2013
As Europe’s glitziest property-fest prepares to get under way next week, organisers say attendance levels will be a third lower than last year’s event.
2 min read · 21 January 2013
The European Association for Investors in Non-listed Real Estate Vehicles has ended an agreement with the Investment Property Databank for IPD to provide data and a fund index service.
2 min read · 21 January 2013
Bill Hughes, the newly-installed chairman of the UK’s Association of Real Estate Funds and head of property at British insurer Legal & General, tells PERE this month that one of his focal points is examining the structure of open-ended vehicles following mass redemptions across Europe.
1 min read · 21 January 2013
The Chicago-based real estate investment firm has held a first close of its fourth value-added vehicle, Heitman European Property Partners IV.
1 min read · 21 January 2013
Climate Change Capital, an investment bank focussed on clean energy and a low carbon economy, has acquired the first property for its €63m fund.
1 min read · 21 January 2013
