The former president of GE’s US consumer retail finance arm will lead GE Capital Real Estate, after Pressman (pictured) decided to leave the conglomerate to ‘pursue interests outside the company’.
2 min read · 18 January 2013
Just weeks after securing the €350m mandate to manage the unlisted real estate holdings of Dutch pension SPMS, Aviva Investors will establish and manage an unlisted multi-manager portfolio for neighbouring LP, Philips Pensioenfonds.
1 min read · 18 January 2013
The deal means the world’s largest real estate opportunity fund – Blackstone Real Estate Partners VI – is getting closer to being fully committed. BREP closed on $10.9bn in April 2008.
3 min read · 18 January 2013
Last year was a year of transition, as many firms and individuals struggled to adjust to the new realities of the global real estate markets. It was enough to make even some of the biggest players in the industry throw up their hands in defeat. Yet, for those with savvy and discipline, 2010 proved to be a year of opportunity. So, which firms, individuals and deals stood out from the crowd in North America in 2010? PERE Awards supplement March 2011.
10 min read · 18 January 2013
Starwood Capital Group was victorious three times in the 2010 Global PERE Awards, capping off an extraordinary year for the Greenwich, Connecticut-based firm. Other notable victories were achieved by Blackstone, Carlyle and Harvest Capital Partners.
3 min read · 18 January 2013
Grosvenor looks to secure up to $500m for its latest multifamily fund, which is targeting US apartment developments. PERE Magazine March issue 2011
1 min read · 18 January 2013
Consulation closes today on proposed rules in the United Arab Emirates which make little distinction between private equity and other asset classes.
2 min read · 18 January 2013
At last month’s PERE Forum: Asia in Hong Kong, the conference’s delegates added their voices to those heard on stage. Thanks to technology, we can tell you what the approximately 250 delegates said. By Jonathan Brasse
4 min read · 18 January 2013
The New York-based giant has beaten two private equity real estate joint ventures to buy the US retail portfolio of Centro in a deal valued at $9.4bn. One rival bid was in the "mid-$8bn" range.
2 min read · 18 January 2013
The balance of power is starting to shift back to landlords as US vacancy rates start to slowly decline, according to NAREIM members, with rents expected to stablise in 2011. However, challenges still remain.
2 min read · 18 January 2013
