Tokyo-based KK daVinci is reportedly in talks to sell three prime offices in the city. A sale would come hot-on-the-heels of the firm’s $142 million divestment of the Lietocourt Arx residential tower to Kuwait’s St Martins Group.
1 min read · 21 January 2013
Bill Hughes, the newly-installed chairman of the UK’s Association of Real Estate Funds and head of property at British insurer Legal & General, tells PERE this month that one of his focal points is examining the structure of open-ended vehicles following mass redemptions across Europe.
1 min read · 21 January 2013
The New York State Common Retirement Fund committed $300m to a fund managed by Franklin Templeton Real Estate. It came as the state’s comptroller called for more flexibility in potentially increasing alternative investments.
2 min read · 21 January 2013
Canada’s Caisse de depot et placement du Quebec suffered large falls in its real estate returns in 2008, with declines of 21.9%, the largest in its history. The pension fund is now seeking ways to stem future losses.
2 min read · 21 January 2013
CVC, Hellman & Friedman, Welsh Carson, Advent and Actis are among the industry veterans to have won awards in the highly regarded Private Equity International Awards 2008.
2 min read · 21 January 2013
The publicly listed debt affiliate of Kohlberg Kravis Roberts has suspended its dividend to shareholders through 2009 as it tries to bolster its liquidity.
2 min read · 21 January 2013
David Moffett has stepped down after six months leaving the US mortgage giant scrambling for an interim replacement. Freddie Mac plans to request more than $30bn in additional capital from the US government after announcing its fourth quarter losses.
1 min read · 21 January 2013
LaSalle Investment Management won the coveted title in the 2008 Global PERE Awards. Read here for the other winners.
2 min read · 21 January 2013
Richard Cotton, a 13-year stalwart of real estate investment banking at JP Morgan Cazenove in London is leaving to join Greenwich-based Forum Partners.
1 min read · 21 January 2013
US firms that live in fear of registering as an investment advisor may find that it's not as painful as they thought – provided they are well prepared for random audits
4 min read · 21 January 2013
