The Sydney-based firm’s open-ended logistics real estate fund has attracted €550 million in fresh equity from institutional investors although it stated it there was €900 million trying to get in. Together with a bond issued in March, the fund now has more than €800 million in firepower.
2 min read · 28 August 2013
The China-focused fund manager exceeded its capital raising target at the final close of its first retail property focused fund.
2 min read · 28 August 2013
The sovereign wealth fund of the United Arab Emirates has cut the amount of its assets managed by external managers from 80 percent to 75 percent, further signalling its intent to handle more of its own portfolio directly.
2 min read · 28 August 2013
America’s largest pension plan has agreed to acquire an interest in the Metropolis shopping center in Moscow, three months after Morgan Stanley acquired the property in the largest-ever commercial real estate deal in Russia.
2 min read · 28 August 2013
Jason Lucas, president of Amstar Global Partners, will head up the new UK office.
1 min read · 28 August 2013
The former asset management unit of AIG has recruited Wael Aburida to lead its private equity and real estate team in the Middle East, North Africa and Turkey.
2 min read · 28 August 2013
PRUPIM’s engagement this week with UK private-rented residential real estate further advances the argument that the sector is close to a paradigm shift.
3 min read · 27 August 2013
The Atlanta-based real estate investment manager is making its initial foray outside of the US, with a new platform staffed by former Paladin executives.
3 min read · 27 August 2013
The sovereign wealth fund has increased the headcount of its Asia real estate team to 12 with the appointment of Peter Kim from CBRE Global Investors as senior portfolio manager.
2 min read · 27 August 2013
Barry Sternlicht, chairman and chief executive officer of Greenwich, Connecticut-based Starwood Capital Group, hails the sale of four luxury hotels in France that were inherited as part of the 2005 takeover of conglomerate La Louvre as an important stage in the ‘monetisation’ of its portfolio.
2 min read · 27 August 2013
