Similar to Partnerships UK, Partnerships USA would provide common deal documentation, advice, project monitoring and other support services to help the public sector implement PPPs in the US.
2 min read · 22 January 2013
The deal is the private equity real estate firm’s largest to date and includes 13 offices and one distribution centre across 10 US states. The firm says some institutional investors are looking for “less volatile” real estate opportunities.
2 min read · 22 January 2013
The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has secured another liquidity guarantee from the government, on top of the €20bn already promised.
1 min read · 22 January 2013
The private equity real estate firm, which last year hired 10 RREEF executives, is targeting IRRs of 16% for its first value-added fund. The firm has also just refinanced a mixed-use redevelopment joint venture in New Jersey for $70m.
2 min read · 22 January 2013
In a country whose infrastructure investment landscape is dominated by large industrial conglomerates, Infrastructure India, a newly listed UK infrastructure fund, is finding ways to limit its exposure to them by investing in project-specific investment vehicles.
3 min read · 22 January 2013
As real estate markets globally start the process of deleveraging and repricing, private equity real estate veterans in Canada say the country is well placed to handle the downturn – but warn deal flow is off at least 40% over the past year, with cap rates up at least 1%.
2 min read · 22 January 2013
Investcorp has become the latest firm to take cost-cutting measures as it plans to lose 90 staff across its real estate, private equity, hedge fund and technology businesses. Earlier this week the firm invested in UK debt management company TDX Group.
2 min read · 22 January 2013
Shopping centres and commercial property in the UK will plummet in development volume and value, according to CBRE and RICS. The amount of retail space being developed has fallen 40% in the past year, the fastest rate of decline since the 1990s.
1 min read · 22 January 2013
The sale of its remaining interest in the Te Rere Hau wind farm in New Zealand is part of the firm's plan to restructure by selling off non-core assets to pay down a debt load of A$3.25bn. Last month Babcock agreed to sell its interest in Portuguese wind assets in a €1.15bn deal.
2 min read · 22 January 2013
The Lightstone-backed hospitality chain is in discussions to turn over the company to its lenders, according to a report. New Jersey-based private real estate company Lightstone acquired Extended Stay from Blackstone last year for $8bn.
2 min read · 22 January 2013
