Announcing plans to save the investment bank from collapse, Lehman Brothers will separate its balance-sheet real estate assets into a new public company, as well as sell a 55 percent stake in an investment management unit that includes Lehman Brothers Merchant Banking and Lehman Brothers Real Estate.
3 min read · 22 January 2013
The addition of former Skanska Infrastructure Development chief Simon Hipperson comes as the firm continues to build its team amid a reported $10bn fundraising effort.
2 min read · 22 January 2013
The £132.5m sale comes as the UK’s Competition Commission is threatening to force the Spanish infrastructure investor to sell three airports owned by British Airport Authority, which it acquired in 2006.
2 min read · 22 January 2013
Bob Stefanowski, a 14-year General Electric veteran who most recently headed the firm’s European corporate finance division, will lead 3i’s push into North American growth and infrastructure investments.
2 min read · 22 January 2013
Former Sun Life Financial Canada president Robert Astley will succeed longtime director Gail Cook-Bennett as head of the C$128bn Canadian pension's in-house investment arm.
2 min read · 22 January 2013
The US investor has created a new post for Michael Bryant to lead the firm's increased investment in European and Asian real estate debt, which it sees as a "crucial part" of the growth of its business.
2 min read · 22 January 2013
The world’s sovereign wealth funds are targeting mainly trophy real estate assets, as they wait on the anticipated unloading of ‘distressed’ properties in the US. In the long-term, SWFs are looking to partner with key US players, expanding their roles beyond 'static asset owners.’
2 min read · 22 January 2013
Industry veteran Steve Felix shares his thoughts on creating opportunity.
3 min read · 22 January 2013
Robert Kelly is tasked with overseeing real estate investments for the private equity real estate firm’s Perseus Capital City Fund, as well as its latest $200m vehicle, Perseus Realty Partners II.
1 min read · 22 January 2013
Grubb & Ellis Realty Investors, the real estate investment and asset management arm of Grubb & Ellis Company, has picked up a 15-building residential complex in Georgia.
1 min read · 22 January 2013
