Naresh Naik, former head of asset management for Lehman Brothers in India, joins the private equity real estate unit of Morgan Stanley as an executive director and head of asset management in its Mumbai office.
1 min read · 22 January 2013
The Canadian pension suffered a negative 8.5% return in the second quarter owing largely to a decline in its public equities portfolio, which has in turn increased its exposure to real estate, private equity and infrastructure.
2 min read · 22 January 2013
Gerald Kaye, a director at UK developer Helical Bar and non executive director at Chelsea Building Society, Patrick Hall, have both agreed to take new positions on the investment committee of Rockspring’s open-ended Hanover Property Unit Trust.
1 min read · 22 January 2013
Urdang Capital Management, which closed its second value-add vehicle earlier this year, has sold 14 buildings in Georgia for $48m.
1 min read · 22 January 2013
After three prior attempts to initiate takeover discussions with the Toronto Stock Exchange-listed income fund, Borealis Infrastructure, the infrastructure investment arm of OMERS, has finally completed a long-coveted acquisition.
2 min read · 22 January 2013
Two-thirds of all senior real estate professionals believe access to capital will be better one year from today, according to the latest US Real Estate Roundtable survey. However a third warned values would be lower next year compared with now.
2 min read · 22 January 2013
The New Jersey-based private equity real estate firm has added a 91,388-square-foot industrial building to its portfolio. The deal is the latest in a US industrial buying spree for the firm.
1 min read · 22 January 2013
The US private equity firm invested an undisclosed amount from its $2.25bn Trident IV fund in Real Estate Disposition Corporation, which auctions foreclosed properties. The company has auctioned off more than 16,000 US homes since November.
2 min read · 22 January 2013
Trouble in the retail sector presents opportunity, with 'some of the greatest fortunes' due to be made by savvy investors over the next year, according to John Howard, CEO of Irving Place Capital, formerly Bear Stearns Merchant Banking.
2 min read · 22 January 2013
The Chinese private equity firm was set up last year by former senior executives at Singapore's Temasek, which is an anchor investor in the fund.
1 min read · 22 January 2013
