The Asia-focused private equity firm has partnered with a Mainland China developer part-owned by Sam Zell’s Equity International to build a residential development in Huzhou.
2 min read · 22 January 2013
LaSalle Investment Management acquires three office properties in Germany as the firm continues to expand its presence in Europe. It recently opened an office in Milan and created a special situations team in Europe.
1 min read · 22 January 2013
Starwood Capital’s latest global real estate fund has received $100m in commitments from two US pension funds, including New Mexico’s $13bn scheme and the $15.8bn Louisiana Teachers fund. New Mexico also committed a further $65m to private equity and real estate funds.
1 min read · 22 January 2013
The long-time KKR loyalist will be the first public pension to invest in a “dedicated separate account” managed by KKR Fixed Income. The commitment dwarfs previous Oregon commitments to KKR’s buyout funds.
2 min read · 22 January 2013
With the credit crunch showing no signs of easing, REITs globally are looking increasingly stressed.
2 min read · 22 January 2013
The Nordic special situations firm has seen an opportunity in a Swedish farmer-owned retailer, Granngården, which sells to pet lovers, householders and farmers. Granngården has 106 stores and 20 independent dealers in Sweden.
1 min read · 22 January 2013
The US property fund manager said the new business would assess corporate level acquisitions as well as debt and equity opportunities in a move towards higher risk, higher return strategies. Separately, LaSalle has plugged a gap in its European coverage by opening an office Milan led by former Redevco executive Francesco Coviello.
2 min read · 22 January 2013
Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.
2 min read · 22 January 2013
The US senior housing real estate investment trust, American Land Lease, is the latest company to announce a strategic review of its assets, including a possible sale of its properties. Since the start of 2008, the US REIT benchmark index, the FTSE NAREIT All REIT Index, has fallen 5.5 percent.
2 min read · 22 January 2013
Penn National will receive $225m in cash and $1.25bn in preferred shares after the Fortress and Centerbridge-led deal to buy the casino and race-track company was terminated. Penn said a ‘re-negotiated, reduced purchase price was not a viable option.’
2 min read · 22 January 2013
