Piergiulio Dentice di Accadia has joined from CB Richard Ellis Investors to manage the Cordea Savills Italian Opportunities No 2 fund. In addition, former Pirelli Real Estate professional Daniele Martignetti has also joined Cordea Savills’ Italian business.
1 min read · 21 January 2013
The first auction of the year by Allsops in the UK saw 91 percent of the residential properties sold. Auctioneers at the firm say conditions are more like boom time than recession.
2 min read · 21 January 2013
The joint head of the firm’s North American social infrastructure and transportation group led the firm’s bidding for some of the most prominent asset sales in North America, including the Indiana Toll Road and the Pennsylvania Turnpike.
1 min read · 21 January 2013
Cerberus, HgCapital, Apollo and Gold Hill are among the GPs to see agreed commitments evaporate as the Pennsylvania Public School Employees' Retirement System retrenches.
2 min read · 21 January 2013
Carlyle wants to inject £25m into IMO Carwash, while TPG reportedly has offered to write a €60m equity cheque for UK chemicals company Vita. The actions are meant to trigger debt write-downs from portfolio company creditors.
2 min read · 21 January 2013
The German government is reportedly taking legislative action which could force a consortium led by US firm JC Flowers to sell its 24 percent stake in stricken Germany-based commercial real estate lender, Hypo Real Estate.
1 min read · 21 January 2013
Spanish bank Santander has asked Spain’s financial regulator for permission to halt redemptions at its Santander Banif Inmobiliario FII fund. Investors have been rushing to exit ahead of the publication of a revaluation of assets as Spain plunges into recession.
1 min read · 21 January 2013
The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
1 min read · 21 January 2013
Chief financial officer Luc Leroi and Arnaud Bricout, who manages Orco’s corporate finance department, have resigned from the property group. Some 220 people have lost their jobs under restructuring plans so far.
2 min read · 21 January 2013
Paris-headquartered AXA Private Equity has formed a partnership with Italian industrial firm Tozzi Group to invest in Italian wind farms, hydroelectric and solar projects. AXA infrastructure head Mathias Burghardt says renewable energy has a 'bright future'
1 min read · 21 January 2013
