Plans for a $200m-$500 opportunity real estate fund are on ice owing to a lack of international investor interest in UAE real estate. The plans are part of wider strategy to streamline its focus to private equity and listed equities.
2 min read · 24 January 2013
The British Private Equity and Venture Capital Association (BVCA) is creating a body to ‘enhance’ understanding between investment firms and their investors.
2 min read · 24 January 2013
Fairmont Raffles Hotels International, the hospitality company taken private by Colony Capital and Kingdom Holding Company, is reportedly preparing to sell the legendary Raffles Hotel in Singapore to Qatari Diar. The Qatar sovereign wealth fund has yet to decide on the amount of money required to refurbish the colonial icon.
2 min read · 24 January 2013
The real estate arm of the Qatar sovereign fund has teamed up with Voyager Partners to become the largest shareholder in the hotel group taken private by Kingdom Holding Company and Colony Capital for $5.5bn in 2006.
2 min read · 24 January 2013
Brookfield Asset Management has increased its stake in Songbird Estates, the majority-owner of London’s Canary Wharf, after buying shares from Canadian pension fund, Ontario Teachers.
1 min read · 24 January 2013
Four days after his glider crashed into a lake near the Moroccan city of Rabat, the body of ADIA’s managing director, Sheikh Ahmed bin Zayed Al Nehayan, has been recovered. Reuters has reported a "succession plan" has been set and will be announced in the coming days.
2 min read · 24 January 2013
Sheikh Ahmed bin Zayed Al Nahayan, managing director of the Abu Dhabi Investment Authority, has reportedly gone missing after a glider he was in crashed in Morocco on Friday.
2 min read · 24 January 2013
The European shopping centre developer, 75 percent owned by Morgan Stanley, has sold 15% of its assets to fellow Dutch property company, Corio.
2 min read · 24 January 2013
Federal investigators are looking into possible illegal payments made to influence investment decisions at US pensions, including to placement agents.
1 min read · 24 January 2013
Shuaa Capital Saudi Arabia, a subsidiary of Dubai-based Shuaa Capital, has completed a land acquisition on behalf of its Shuaa Hospitality Fund. According to an announcement by the firm, the deal is the “first of its kind” in the country.
1 min read · 24 January 2013
