The Wall Street bank which houses property funds in its Global Real Assets Group, has bought the Bishops Square office complex in London’s financial district for its funds’ core property portfolio
1 min read · 24 January 2013
Former Goldman exec Martin Chavez has co-founded New MainStream Capital, which has $250m to invest.
2 min read · 24 January 2013
PERE can exclusively reveal that the National Pension Service of Korea is planning to make up to eight commitments of $150 million each to value-added and opportunity funds in 2011.
2 min read · 24 January 2013
The owner of 885 Third Avenue has filed a pre-negotiated bankruptcy plan for the asset after reportedly defaulting on a $210m loan. The Royal Bank of Canada, which supports the plan, had sued to force a sale of the tower.
2 min read · 24 January 2013
Mapletree Investments, the real estate investment and fund management business of Singapore’s Temasek Holdings, has completed the state-country’s largest REIT initial public offering, attracting S$1.19 billion for its Mapletree Industrial Trust.
2 min read · 24 January 2013
Land Securities, the UK’s largest real estate developer, and Canary Wharf Group, owner of assets in Canary Wharf, today announced a joint venture to build a 690,000 square foot office in the City of London. The Financial Times reported the building would be backed by sovereign wealth from China Investment Council and Qatar Holdings.
2 min read · 24 January 2013
The New York-based firm has sold part of its mixed-use development project, Bravern Office Commons, for $410m; eyes $120m of acquisitions in coming months.
2 min read · 24 January 2013
St Martins, the UK real estate investment arm of sovereign wealth fund, the Kuwait Investment Authority, is to switch its investment strategy to focus on trophy assets. In so doing, it plans to offload £900m of real estate currently on its books.
1 min read · 24 January 2013
The Singaporean sovereign wealth fund registered a portfolio value of S$186bn at 31 March 2010. Asia, and other growth markets including Latin America, remains its key investment focus for the next ten years.
3 min read · 24 January 2013
The New York-based firm has sold the first mortgage to the US coast guard’s Washington DC headquarters to Talos Capital for an undisclosed sum.
2 min read · 24 January 2013
