The $126 billion pension system has made a sizable commitment to BREP VII as part of its overall goal of committing $6 billion to alternative investments over the next three years..
1 min read · 17 January 2013
The Los Angeles-based fund manager, through a joint venture with Capital & Regional, has acquired the Kingfisher Shopping Centre for £130 million.
2 min read · 17 January 2013
The $110 billion Teacher Retirement System of Texas is set to promote Eric Lang to run real estate and Rich Hall to lead private equity investments when Steve LeBlanc, senior managing director of external private markets, steps aside in June.
2 min read · 17 January 2013
In its first full year of owning investment properties, the Hong Kong Monetary Authority’s $320 billion Exchange Fund saw its value dip as it revealed its overall annual return had dropped by more than two-thirds also.
2 min read · 17 January 2013
According to the latest findings of its recently-launched, non-listed funds performance index, the Asian Association for Investors in Non-listed Real Estate Vehicles, has found the total return from its sample of opportunity funds returned 12% in 2011, more than funds adopting less riskier strategies.
2 min read · 17 January 2013
Garth Peterson, the ex-Morgan Stanley Real Estate Investing (MSREI) managing director whose actions led to the division’s China platform to be subjected to a nine-month corruption probe in 2009, has pleaded guilty for his role in evading its internal controls for the purposes of personal gain.
3 min read · 17 January 2013
In its annual report Money into Property, property services firm DTZ revealed that the value of invested stock in Asia Pacific was greater than that in North America for the first time. The firm also predicted Asia’s growth would continue to trend upwards.
2 min read · 17 January 2013
The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
2 min read · 17 January 2013
The Miller Group, the UK’s largest privately-held homebuilder, now 50 percent owned by The Blackstone Group, has appointed Phillip Bowman to be its next chairman.
2 min read · 17 January 2013
The New York-based private equity and real estate giant’s first-quarter earnings call revealed the relative strength of its real estate platform over private equity, particularly on the fundraising front.
3 min read · 17 January 2013
