The New York-based retirement fund has purchased the 1 million-square-foot Festival Place Shopping Centre in Basingstoke from Grosvenor Fund Management for £280 million.
2 min read · 17 January 2013
The London-based private equity real estate firm has raised the largest opportunistic real estate fund for Europe so far this year.
2 min read · 17 January 2013
AXA Real Estate, the Paris-based firm with €42bn under management, is expeected to announce the appointment of a former Morgan Stanley veteran as a replacement to Antoine Jozan who is retiring from full-time work after 12 years with the company.
2 min read · 17 January 2013
One LP is relaxing its ‘re-upping’ approach to trusted real estate fund managers but others fear it setting a dangerous precedent.
3 min read · 17 January 2013
The Securities and Exchange Commission is soliciting public comment after backing the rule that will allow GPs to market their real estate funds freely.
2 min read · 17 January 2013
The New York-based private equity firm’s head of real estate is one of six executives being considered as a possible successor to current CEO Stephen Schwartzman.
2 min read · 17 January 2013
Firms that want to market their real estate funds to LPs in the United Arab Emirates must now use local promoters or obtain marketing approval from local authorities.
1 min read · 17 January 2013
Rulemaking to lift the general solicitation and advertising ban in Regulation D has been delayed yet again. It’s unclear how long the delay will last – and that’s part of the problem.
3 min read · 17 January 2013
The Nordic firm’s second regional retail fund has secured €121 million in commitments. The firm hopes to attract up to €250 million for the vehicle by the end of the year.
2 min read · 17 January 2013
GPs operating in Singapore may welcome the credibility that will be provided by an updated funds regime, but have just six months to prepare for its implementation.
2 min read · 17 January 2013
