The global investment management firm is sounding out potential investors for a fund that would help fill the ‘financing gap’
2 min read · 18 January 2013
UK insurer L&G has appointed Ashley Goldblatt to reportedly push into real estate lending.
2 min read · 18 January 2013
The Toronto-based manager has invested just 30% of its $5.5bn Real Estate Turnaround Consortium, committing $1.6bn into the GGP recapitalisation. Brookfield, which has another $3.1bn of infrastructure dry powder, is planning to launch seven funds in the next 18 months eyeing $4bn of public and private equity.
2 min read · 18 January 2013
CreXus has instead gone ahead with a $539m stock offering to help it pay for a portfolio of 30 property loans from Barclays Capital Real Estate. A deal would have seen the creation of a $2.5bn commercial mortgage REIT.
2 min read · 18 January 2013
The Australian division of ING Real Estate Investment Management has continued its wind-down with the offload of its ASX-listed ING Office Fund.
2 min read · 18 January 2013
The UK’s private rented sector was given a major boost this week by the country’s government, unlocking the potential for a US-style multifamily revolution.
2 min read · 18 January 2013
Alok Gaur, formerly of Credit Suisse Real Estate Private Funds Group and more recently Greenhill & Co, has joined Carlyle in its Washington D.C. headquarters, focussed on investor relations in global real estate.
2 min read · 18 January 2013
Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.
1 min read · 18 January 2013
Nine out of 10 office leases offer free rent concessions with the average concession an estimated 6.8 months, a PwC survey has revealed. It comes as the national cap rate for office properties drops to 7.4%, with cities such as New York falling to 6%.
2 min read · 18 January 2013
The Leon Black-led firm has $10bn of dry powder for private equity investments and has spent about half of its $14.7bn seventh fund, which closed in 2008.
3 min read · 18 January 2013
