Corestate Capital, which was founded by former Cerberus real estate head in Germany, Ralph Winter, is gaining exposure to student accommodation in the country by taking over Frankfurt-listed Alta Fides.
2 min read · 22 January 2013
The US firm is teaming up with a subsidiary of Italian bank UniCredit in the hope of offering a range of real estate fund products in the country and amassing €5 billion of assets under management.
1 min read · 22 January 2013
The London and Paris based renewables specialist has brought a portfolio of investments under one financing regime provided by German bank Nord/LB. The firm says it will enhance returns to the fund.
2 min read · 22 January 2013
Netherlands-based ING Real Estate has unveiled details of its open ended global fund of funds, Global Osiris, with ambitions to attract as much as €1 billion in capital within 18 months.
2 min read · 22 January 2013
Total take up of office space in Europe fell 5.7 percent in the first half of the year compared to the same period in 2007, according to property services firm Jones Lang LaSalle.
2 min read · 22 January 2013
US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
2 min read · 22 January 2013
After the Investment Corporation of Dubai dropped out of the bidding for Land Securities’ $2.8bn outsourcing arm Trillium, the Qatar Investment Authority has reportedly emerged as a prospective bidder.
1 min read · 22 January 2013
The London-based firm has poached a team from Capmark to manage mezzanine and preferred equity vehicles.
2 min read · 22 January 2013
Receivers have been appointed at two further Dawnay Day companies while Peter Klimt resigns as non executive director of London-listed Dawnay, Day Treveria and another property company taken public by the group severs its links.
2 min read · 22 January 2013
Completion of the deal with an enterprise value of €4.5bn comes four months after Italy’s Pirelli Real Estate and RREEF said they were among a quartet of investors buying a 49 percent stake in German department store joint venture.
1 min read · 22 January 2013
