Limitless, the property development arm of Dubai World, has made a bid for the London-based property company Minerva, which Minerva says it expects to recommend to shareholders.
2 min read · 22 January 2013
Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.
1 min read · 22 January 2013
The London and Chicago-based real estate investment firms say pressure is mounting on banks with unwanted loan positions as exit routes dry up. The mezzanine debt tranche acquired by the firms is backed mainly by hotels in Germany managed by Blackstone funds.
1 min read · 22 January 2013
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Its latest commitments to Indian managers underline the strategy.
3 min read · 22 January 2013
The London-based private equity firms are believed to have paid up to £100m for a stake in the British women’s clothes and shoe store, L K Bennett. The store founder, Linda Bennett, will remain a “substantial shareholder”.
2 min read · 22 January 2013
The fresh acquisitions include a hotel in Stockholm, marking the first time Invesco has purchased a hotel in Scandinavia for its fund. Invesco is currently building a hotel platform across Europe, with investments having reached €460m by June.
1 min read · 22 January 2013
The seller of the interest has not been named, though Liquid Realty said the fund manager focuses on core office properties in the West End of London.
1 min read · 22 January 2013
One Equity’s packaging firm Schoeller Arca Systems, which counts Coca Cola and Heineken among its clients, has sold the two manufacturing facilities to NYSE-quoted real estate firm, W. P. Carey.
1 min read · 22 January 2013
The public pension looks to alternatives to drive returns, ploughing $825m into private equity, real estate and hedge funds.
2 min read · 22 January 2013
Leon Black’s Apollo Global Management looks to enter the real estate space.
2 min read · 22 January 2013
