The tie-up between the real estate investment arm of insurance giant Prudential Financial and Paris-based developer Groupe Hoche forms part of its strategy of partnering local operators in markets it believes offer value creation.
2 min read · 18 January 2013
The former Lazard director has joined the Los Angeles-based investment bank's New York office to serve as managing director of its newly formed real estate strategic advisory group.
2 min read · 18 January 2013
Anglo Irish Bank wants to offload its roughly $10 billion portfolio of US property loans in one fell swoop. Given private equity real estate’s finest are arranging themselves into bidding consortiums, the omens look good that its wish will be granted.
4 min read · 18 January 2013
The distressed Dublin-based bank is entertaining bids for a portfolio of 248 loans backed by properties across the US from such private equity real estate firms as Blackstone, KKR and Westbrook.
1 min read · 18 January 2013
The UK asset manager has launched a closed ended vehicle with a Singapore bank and a private US firm. Hermes is putting in up to $150m on behalf of client, British Telecom Pension Scheme, while its two partners are contributing $25m each.
1 min read · 18 January 2013
The former Townsend Group consultant has joined TRECAP Partners as vice president for client relations in the company’s Washington DC office.
2 min read · 18 January 2013
In the wake of the merger between industrial giants ProLogis and AMB, Guy Jaquier, head of the combined entity’s private capital group, sees increased opportunities.
4 min read · 18 January 2013
The Connecticut-based firm has closed its fourth global real estate fund of funds on $400 million in commitments. It has been making commitments to funds and purchasing direct secondary interests since its initial closing in 2009.
2 min read · 18 January 2013
The Houston-based real estate firm officially has ended its affiliation with its Chicago-based principal investment arm. The entity, now known as Pearlmark Real Estate Partners, has moved offices and is seeking capital for a new fund.
2 min read · 18 January 2013
A shift in strategy by pension funds worldwide means they now comprise around half of alternative asset managers' investor base, according to a recent survey. The survey also shows pensions’ already strong appetite for real estate continuing to grow as they seek to diversify away from equities.
2 min read · 18 January 2013
