MGPA and its European development partner Concerto have let 43 percent of their site near Lille.
1 min read · 21 January 2013
London-based Benson Elliot has raised €510 million for Benson Elliot Real Estate Partners III, its second fund. Marc Mogull, founder, says the next few years will offer a ‘once in a generation opportunity’.
2 min read · 21 January 2013
The US firm wants to raise the money to help pay down debt in its German residential business, Gagfah, as well as alleviate funding issues at its other real estate investments, according to a report.
2 min read · 21 January 2013
The tenth largest pension fund in the US has reported a 5.6% fall in returns for real estate in 2008, but the sector still outperformed other asset classes.
1 min read · 21 January 2013
3i veteran Cressida Hogg has replaced Michael Queen, who took over as 3i's CEO from Philip Yea earlier this week. 3i's infrastructure arm also said it sold a 31% stake in its Infrastructure Investor fund to Barclays for £164m.
2 min read · 21 January 2013
Residential developers are starting to raise prices on distressed housing stock sales in a ‘clear early sign’ that the housing market is reaching the bottom, says property investment company, Assetz. House prices at auctions also appear to have started to plateau since the New Year, according to the same firm.
3 min read · 21 January 2013
The intellectual property of Linens 'n Things, the former Apollo Global portfolio company, has been acquired by private equity firm Hilco Consumer Capital and investment firm Gordon Brothers Group for vastly less than the original $1.3bn buyout value.
2 min read · 21 January 2013
Richard Bains has joined the London firm from London's CIT Group to help identify investment opportunities with a particular focus on the UK.
1 min read · 21 January 2013
The Dutch bank, with €72bn of real estate assets under management globally, has also parted company with its chief executive after revealing a €1bn loss during 2008.
2 min read · 21 January 2013
The German fund manager says it has had to prolong the period of suspending redemptions on one fund, while it is able to lift suspensions on another.
1 min read · 21 January 2013
