The real estate equity investment arm of the US insurance group plans to invest $400m in low income housing tax credits in the next 12 to 18 months, amid plans to increase its allocation to the asset class from $2 billion to between $4 billion and $5 billion over the next two to three years.
2 min read · 24 January 2013
Despite trying to sell itself to third parties, the real estate investment arm of the Dutch insurance group has hired Bruno Cohen as CIO of its Paris office.
2 min read · 24 January 2013
US firm exits the majority of its investment in Belgium's Immobel, which it first made in June 2007
1 min read · 24 January 2013
TPG, formerly known as the Texas Pacific Group, is making a push into real estate using its latest private equity funds – TPG Partners V and the gargantuan TPG Partners VI, which raised $18.8 billion in 2008.
1 min read · 24 January 2013
Trustees for the mortgage bond holders insist the mezzanine debt players have to repay the $3bn senior loan before being allowed to foreclose on the 80-acre multifamily complex in Manhattan.
3 min read · 24 January 2013
Teaming up with developer Golub & Company, Praedium has bought Clover Creek from Intercontinental Real Estate and Olympic Investors for just shy of its 2004 valuation.
2 min read · 24 January 2013
KingSett and AIMCo, the consortium of Alberta pensions and endowments, acquire ING’s 50% stake in an industrial fund for $1.9bn – along with the fund’s management platform, ING Real Estate Canada.
2 min read · 24 January 2013
The Hong Kong-based private equity real estate, founded by brothers Goodwin and Kenneth Gaw in 2005, says it will ‘steer clear’ of tier one cities in China and primarily target second and third tier cities instead.
2 min read · 24 January 2013
PREI was one of four real estate firms seeking to raise $1.3bn from Mexican pensions via the country’s stock exchange.
2 min read · 24 January 2013
The Canadian pension and Australian sovereign wealth fund have injected A$375m each into recapitalising Colonial First State’s open unlisted retail vehicle, after original investors called it a day at the expiration of the fund.
3 min read · 24 January 2013
