The property services firm makes its second raid on Barclays Capital in three months as it looks for a brighter future and creates a point of contact for private equity firms. Serkan Bektas will become DTZ's new head of capital markets, following in the footsteps of ex-Barclays COO Pail Idzik, who moved to be DTZ's CEO last November.
1 min read · 21 January 2013
Washington DC knocks New York City off the top global investment destination among foreign real estate investors, according to a new survey. The US was seen as the best market for capital appreciation, followed by Brazil and China.
1 min read · 21 January 2013
Investors from Europe, US, Middle East and Japan buy in to the company’s distressed targets vision.
2 min read · 21 January 2013
The Paris-based property fund manager has made its third investment for its large value-added vehicle, European Property Investors Special Opportunities.
2 min read · 21 January 2013
Ezra Merkin, the chairman of the Cerberus-backed financing company, resigned his position Friday as part of an overall board restructuring required by the US government for the company to become a bank holding company. Merkin is also being sued over links between a separate investment fund he controls and the Bernard Madoff Ponzi scheme.
2 min read · 21 January 2013
Seller BAA says that a strong level of interest in the London airport will result in the premium over the airport’s regulated asset base of £1.75bn. Bidders reportedly include Citi, Vancouver Airport and John Hancock, which last year successfully bid $2.5bn for Chicago's Midway Airport.
2 min read · 21 January 2013
The poll, which finds that eight out of ten people are willing to pay 1% more in taxes for infrastructure, also revealed that 94% of Americans were concerned about the condition of the nation’s infrastructure.
2 min read · 21 January 2013
Final voting has started for the third annual Global PERE Awards. Will Blackstone retain its title as global firm of the year or will MGPA, LaSalle, Carlyle or Lone Star steal its thunder? The readers of PERE will now decide.
2 min read · 21 January 2013
BC Partners has admitted that the acquisition in June 2007 of UK estate agent Foxtons was the “wrong call”. The firm gave a press conference yesterday to clear the air after months of speculation about the ill health of their recently acquired asset.
2 min read · 21 January 2013
Final voting has started for the third annual Global PERE Awards. Will Blackstone retain its title as global firm of the year or will MGPA, LaSalle, Carlyle or Lone Star steal its thunder. Who will clinch the title for global industry figure of the year – Jim Quille, John Gray, Michael Pralle, John Grayken or Neel Kashkari? Only you can decide.
2 min read · 21 January 2013
