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QIA appoints Asia RE headThe former head of Greater China at Pramerica now heads Asian real estate at the Qatar Investment Authority, which is looking to diversify its investment portfolio geographically.
- Blackstone to take Hilton public
The hotel operator’s $1.25 billion IPO would pave the way for the New York-based private equity and real estate firm to eventually exit its single largest investment, which was made primarily on behalf of BREP VI.
- Peakside Capital appoints former Heitman Europe co-head
Otis Spencer has joined the Merrill Lynch spin-out as president of Peakside Polonia Management, the central and eastern Europe fund management business that Peakside took over from Allied Irish Banks last year.
- Kennedy Wilson purchases UK portfolio
The Beverly Hills-based investment firm, along with hedge fund Varde Partners, has acquired eight shopping centers throughout England and Scotland for £250 million.
- Korean investor makes US foray in Chicago
Mirae Asset Global Investments has purchased 225 West Wacker Drive for $218 million from a consortium that includes JPMorgan, Hines and CalPERS.
- Filling the void
The hire of Bryan Southergill to be KKR’s first Asia real estate head is another step in the wider trend of private equity firms replacing investment banks as the region’s real estate heavyhitters.
- JOBS Act marketing pitch results in fraud charges
A real estate fund manager allegedly making wild claims about the JOBS Act’s ability to help generate guaranteed investor returns has been charged with fraud by SEC officials.
- A robust market
In this month’s issue of PERE, we talk with Michael Nierenberg of Bank of America Merrill Lynch about the state of the commercial mortgage-backed securities market.
- Tapping private wealth
High-net-worth investors are poised to put hefty amounts of capital toward commercial real estate in the coming years. That could be a welcome boon for the private equity real estate industry.
- Genesta’s second fundraise to include US investors
The Nordics-focused real estate investment management firm is hoping to raise €250 million from institutional investors and is widening its fundraising activities to include US investors for the first time.