The Australian investment firm is planning to divest its real estate and operating leasing units after announcing it would retain them this summer. The struggling listed firm will slash its workforce by more than 800 in an effort to repay A$3.1bn in debt. Babcock last year bought US shopping mall operator Gregory Greenfiled & Associates.
3 min read · 22 January 2013
The US firm is investing part of its European fund, the €2.2bn Carlyle Europe Real Estate Partners III, on a retail development expected to be complete by the summer of 2009. The deal is part of a wider project to redevelop the coastal strip of Vado Ligure, near Savona.
1 min read · 22 January 2013
The London-based real estate investment firm has added new responsibility for David Cunnington, who is already chief financial officer. He becomes head of the Italian fund business and is moving to Milan.
2 min read · 22 January 2013
The firm has sold its substantial portfolio of Portuguese wind energy businesses and is currently in negotiations to sell off similar assets in Germany, France and Greece as it seeks to relieve its debt burden.
2 min read · 22 January 2013
The firm has sold its substantial portfolio of Portuguese wind energy businesses and is currently in negotiations to sell off similar assets in Germany, France and Greece as it seeks to relieve its debt burden.
1 min read · 22 January 2013
The Canadian pension suffered a negative 8.5% return in the second quarter owing largely to a decline in its public equities portfolio, which has in turn increased its exposure to real estate, private equity and infrastructure.
2 min read · 22 January 2013
The Indian private equity firm Sun Group has joined forces with listed Qatari real estate firm Barwa to target Indian real estate. The JV will acquire and develop land banks in high growth corridors in the country and comes two years after the $630m Sun-Apollo India Real Estate Fund.
1 min read · 22 January 2013
Gerald Kaye, a director at UK developer Helical Bar and non executive director at Chelsea Building Society, Patrick Hall, have both agreed to take new positions on the investment committee of Rockspring’s open-ended Hanover Property Unit Trust.
1 min read · 22 January 2013
A UK fund manager setting up a special situations fund in the UK has secured an acquisition facility from one of the banks hit hard by the credit crunch.
1 min read · 22 January 2013
The New Jersey-based private equity real estate firm has added a 91,388-square-foot industrial building to its portfolio. The deal is the latest in a US industrial buying spree for the firm.
1 min read · 22 January 2013
