The first-of-its kind bid to lease an entire port’s operations for a $500m upfront cash payment and ongoing capital commitments has triggered a 120-day period during which the authority will accept competing proposals. Interest from competing bidders is said to be strong.
3 min read · 21 January 2013
The real estate consultant has hired former Cushman & Wakefield partner Adam Calman to lead its push into Europe. Townsend is consultant to $126.4bn California State Teachers’ Retirement System (CalSTRS), the Government of Thailand and ATP in Denmark.
1 min read · 21 January 2013
The move by the German Financial Markets Stabilisation Fund (SoFFIN) is a prelude to full nationalisation.
1 min read · 21 January 2013
London based Catalyst Capital has held a final close on €228.5 million for its maiden third-party European fund. It is scouting opportunistic deals in major cities in major continental European cities.
1 min read · 21 January 2013
The Swiss alternative asset manager argues in a research report the Chicago airport is a ‘trophy asset’ that exacted a high premium at a time when listed infrastructure comparables are indicating much lower valuations.
2 min read · 21 January 2013
As the US property market continues to deteriorate, research by fund manager RREEF reveals that value-added and opportunistic strategies should be treated with ‘caution’. However, desperate sellers will produce ‘attractive opportunities’ for some.
2 min read · 21 January 2013
The industrial development and investment firm has today received $845m from the sale of its China and Japan operations to GIC Real Estate. It is expected to close the $140m sale of its Misato Park to GIC Real Estate in the next month.
2 min read · 21 January 2013
There is a newfound sense of optimism among private equity real estate pros, even given the major challenges facing the industry.
2 min read · 21 January 2013
The JE Robert Companies-managed REIT, JER Investors Trust, will move to over-the-counter trading after failing to maintain a market cap of more than $15 million.
1 min read · 21 January 2013
Robert Rackind, who was recruited last September as investment manager for Europe by Australia’s Valad Property Group, left last week to start up his own firm. London-based Davies Street Capital is targeting value-added office opportunities in Western European capital cities.
2 min read · 21 January 2013
