The project, one of Blackstone’s first investments in renewables, would construct roughly 80 wind farms off the German island of Helgoland, according to media reports.
1 min read · 22 January 2013
The direct real estate business of Fidelity International, a subsidiary of the US institutional asset manager Fidelity, has hired Aymeric de Seresin from Jones Lang LaSalle. De Seresin will focus on France and Spain in particular.
1 min read · 22 January 2013
Abu Dhabi Investment Company has reportedly bought a 90 percent stake in Manhattan’s iconic Art Deco building from an arm of Prudential Real Estate Investors. The building is believed to have sold for close to $900m.
2 min read · 22 January 2013
The US property fund manager said the new business would assess corporate level acquisitions as well as debt and equity opportunities in a move towards higher risk, higher return strategies. Separately, LaSalle has plugged a gap in its European coverage by opening an office Milan led by former Redevco executive Francesco Coviello.
2 min read · 22 January 2013
City Lofts, the UK city center residential developer that JER helped take private last year, has succumbed to the property downturn.
1 min read · 22 January 2013
Olivier Piani, GE Real Estate’s chief executive in Europe, is leaving his post to head up Allianz’s new business. Piani, who is credited with building GE's real estate investments in Europe after a decade with the firm, will take up his new post with Allianz in October.
1 min read · 22 January 2013
Waterland Private Equity Investments is adding to its golf-related interests by acquiring a majority stake in GolfRange. The firm is looking to make the game more accessible and affordable by opening more courses in urban areas.
1 min read · 22 January 2013
The recent recruitment of Morgan Stanley’s David Smoot to expand its private equity operations in North America accelerates Dubai International Capital’s plans to open up shop in New York City.
2 min read · 22 January 2013
The quoted Swiss alternative asset manager saw its private markets business, including real estate and private equity, grow by $3.4bn over the past year. However foreign exchange and hedge fund outflows hit the overall increase in assets under management in its pre-close statement.
2 min read · 22 January 2013
Retail investors were given a gloomy picture of the state of the market, after a report by UK property services firm, Colliers CRE, suggested that not only could real rents fall up to 20 percent over the next three years, but that capital values could also fall another 10 percent.
2 min read · 22 January 2013
