The two large pension plans have partnered with Westfield Group to invest in the 1.9m sq. ft. Westfield Stratford City complex, located next to the London 2012 Olympics site.
2 min read · 24 January 2013
The state pension giant, among the most active in the market with about $77bn in assets, has invested $1.3bn to five managers including Evergreen Real Estate, KSL, Vestar, Lone Star and Sheridan Production Partners.
2 min read · 24 January 2013
The 25-member LP pool of Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund, rubberstamped their approval of a settlement offered by the Wall Street bank at an investor meeting in Hong Kong last week.
2 min read · 24 January 2013
The London-listed investment management firm has been granted extra funds by existing Middle Eastern partners, and has acquired a distribution portfolio for £123m.
2 min read · 24 January 2013
New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.
2 min read · 24 January 2013
Tulane University’s $1bn endowment says the financial downturn has provided access to funds that would have been closed to the endowment pre-meltdown, as it looks to invest in up to 10 new PE and RE managers in the coming year.
2 min read · 24 January 2013
The mid-market private equity firm has acquired Tinsa for €100m.
2 min read · 24 January 2013
The Paris-based insurance firm announces Olivier Thoral as head of North America real estate as it looks to grow its global footprint.
1 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
The Japanese buyout firm has invested an undisclosed amount to buy TeleGuam Holdings from US-based Shamrock Capital.
2 min read · 24 January 2013
