The US-based infrastructure fund has also completed its first deal, with the purchase of a $363m stake in Florida-based Global Tower Partners from another Macquarie-managed infrastructure fund.
2 min read · 22 January 2013
Wolfhard Leichnitz is to leave the Bonn-based property company and fund manager at the end of the month. The news follows a fall in profits, share price and a cool reception to a decision not to sell its underground oil and gas storage company.
1 min read · 22 January 2013
Lehman Brothers has filed for Chapter 11 bankruptcy protection after failing to find a buyer over the weekend. The failed bank says it is in advanced discussions with a 'number' of potential buyers for its investment management unit, which includes Lehman Brothers Real Estate.
2 min read · 22 January 2013
The private equity firms are reportedly in talks with Daito Trust Construction to buy the apartment builder. Daito said it was considering its “capital” position but refused to speculate on the issue.
2 min read · 22 January 2013
The financial-services private equity firm is working with China's sovereign wealth fund and the major US bank on a joint bid, according to according to a report from the Financial Times.
1 min read · 22 January 2013
The fundraising trail stops now for Cordea Savills as it decides the timing for its Turkish offering is not ideal.
1 min read · 22 January 2013
The Moscow-based asset management firm has agreed to sell its Russian mutual funds business to Deutsche Bank, saying the current market dislocation would help its private equity and real estate funds, which remain untouched by the deal.
2 min read · 22 January 2013
The pan European fund manager has acquired 11 retail park properties in Germany for its €136.5m retail fund, GRP. The fund, which expects to be fully invested in early 2009, targets food anchored retail properties, including those leased by discount food store Aldi.
1 min read · 22 January 2013
Two Carlyle real estate investment professionals have been made acquisition co-heads in France as the firm continues to invest its €2.2 billion European fund.
1 min read · 22 January 2013
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $700m in commitments to real estate funds and almost $1bn to four private equity funds.
2 min read · 22 January 2013
