The Middle East developer famous for building Dubai’s landmark palm tree island, Palm Jumeirah, has reportedly received financial assistance from the state’s $10-billion bailout programme. It comes as a government agency cancels four developers’ projects in the country.
2 min read · 21 January 2013
An uptick in real estate investment activity by SWFs in 2008 may indicate a long-term investment trend, including helping to fill the debt financing void, according to a Deloitte report.
2 min read · 21 January 2013
Investors in Morgan Stanley’s $8bn MSREF VI International fund have been told to expect a 0.7x haircut. The firm will focus on preserving and generating liquidity, deleveraging and de-risking the portfolio and working through debt issues with lenders, LPs learned at a meeting in New York last week.
1 min read · 21 January 2013
The World Bank’s private investment arm aims to structure a public private partnership, which will modernise and upgrade the Prince Mohammed bin Abdulaziz International Airport.
1 min read · 21 January 2013
The Abu Dhabi Investment Company, whose real estate arm focuses on mixed-use developments in the MENA region, believes there is a 'window of opportunity' amid declining values.
1 min read · 21 January 2013
The Tellesma Sustainable Real Estate Opportunity vehicle is still on the fundraising trail despite a Middle Eastern investor reportedly pulling out.
1 min read · 21 January 2013
Shareholders will vote today on the Dubai-based bank's fate; last month, they unanimously opted to keep the company a going concern.
1 min read · 21 January 2013
WW Advisors has been established by Wafra InterVest Corporation and Watheeqa Holding to advise global clients on investment into property. David Swan, a former Tishman Speyer Properties director and most recently at Middle Eastern private equity firm Arcapita, has joined as managing director.
1 min read · 21 January 2013
The Kuwait Projects Co. plans to raise its first private equity fund, ‘market conditions permitting’, that would invest in sectors including real estate and financial services.
1 min read · 21 January 2013
The London-based, pan-Europe fund manager has exited from all nine private Irish property syndicate funds it inherited as a result of the 2006 acquisition by its majority owner Savills of property services firm Hamilton Osbourne King. Cordea Savills is concentrating on its institutional clients and segregated accounts as it streamlines the business.
2 min read · 21 January 2013
