The US firm, Lone Star Funds, was notified yesterday evening that it had been made preferred purchaser in the auction of £900m of UK loans being sold by Lloyds Banking Group.
2 min read · 18 January 2013
Amid the court approving the banking giant’s bankruptcy exit plan, Lehman is challenging the validity of Equity Residential’s agreement to buy 26.5 percent of Archstone.
2 min read · 18 January 2013
The former head of asset management at RREEF has taken on a similar role at Rockefeller’s investment management subsidiary.
2 min read · 18 January 2013
Franklin Templeton Real Asset Advisors and Partners Group are revealed as being part of the consortium led by AREA Property Partners and Delancey Real Estate Asset Management that took private Minerva plc in August.
2 min read · 18 January 2013
After initially offering to buy a majority ownership stake in the troubled Denver-based apartment giant for $2.5 billion, the Sam Zell-led REIT has agreed to purchase half of BofA's and Barclays' shares for half the price.
2 min read · 18 January 2013
The latest group to spin out of HSBC will focus on private equity, mezzanine and real estate investments in the US and Latin America.
2 min read · 18 January 2013
DTZ has finally been sold to Australian engineering, construction and maintenance company UGL Limited, bringing its protracted sale saga to a close. The combined company has 24,000 staff, 225 offices across 45 countries and generates an annual revenue of about £1.2bn making it one of the largest property services groups in the world.
3 min read · 18 January 2013
Four leading GPs give their thoughts on the fundraising climate today and look to 2012 at last month's PERE Forum in New York.
2 min read · 18 January 2013
Senior investor relations executive Rob Johnson has left The Blackstone Group’s Asia real estate platform to join JPMorgan Asset Management’s Global Real Assets division for a China-focused role.
2 min read · 18 January 2013
The $80 billion state investment board has invested in BREP VII, as well as hiring Heitman to manage a $20 million separate account.
1 min read · 18 January 2013
