Bank of America Merrill Lynch related stories
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PERE Forum Asia: LPs express scepticism about global firmsLPs see improved security by investing with smaller, real estate-focussed fund managers than with large bulge bracket firms, delegates heard on the second day of PERE’s annual event in Hong Kong.
- CBRE in pole position to buy ING
A deal costing CB Richard Ellis approximately €1bn could be finalised “within the next few weeks”. If successful, it would result in the creation of the world’s largest real estate investment management business.
- Parmenter principal joins WP Carey
A former managing principal at the Miami-based real estate investment firm has left to join WP Carey & Co as managing director and CFO.
- Europa Capital launches UK mezz debt business
Rockefeller-backed firm launches Europa Capital Mezzanine to provide loans to the UK commercial property sector.
- BREP VII holds record close on $13.3bn
The Blackstone Group has closed its latest global real estate fund, which is the largest real estate opportunity vehicle ever raised. About 35 percent of the commingled vehicle already is invested.
- Goodman’s next sovereign wealth fund JV is in Japan
The Sydney-based logistics real estate developer and investment manager has now forged a tie-up with the Abu Dhabi Investment Council with a view to investing more than $1 billion in the major logistics markets of Japan.
- DLJ Real Estate duo launch European firm
Two ex-DLJ principals are branching out on their own with a firm called Laurus Property Partners dedicated to higher risk-return deals in Germany.
- PERE 30: Blackstone leaves the competition behind
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.
- Peakside agrees first Europe fund takeover
Peakside Capital, the spin out from Bank of America Merrill Lynch, has agreed to take over two Polish property funds from Allied Irish Banks. Partners Group has teamed up with Peakside to also buy stakes in the two vehicles.
- Mercury Capital completes triple hire
The global placement agent has added three new team members to work out of its New York office.