Istithmar World Capital, the private equity arm of the embattled state-owned real estate and ports conglomerate, has handed back the Knickerbocker Hotel site near the heart of Times Square to lender Deutsche Bank.
2 min read · 05 January 2013
PERE’s Jonathan Brasse reports from the world’s tallest building, the Burj Khalifa in Dubai.
3 min read · 05 January 2013
Osaka-based development and fund management firm Sun Capital Management is exploring plans to develop a rival theme park in Osaka to Universal Studios Japan. the 20km site would include a five star hotel.
1 min read · 05 January 2013
The government of the emirate said it would provide $9.5bn of funding to help recapitalise Dubai World.
2 min read · 05 January 2013
Marco Ho, chief financial officer of Citi Property Investor in Asia, becomes the latest senior executive to leave the business as the sale by Citigroup continues to drag on.
2 min read · 05 January 2013
Having just set up his own platform, Asia investment veteran Grant Kelley, has opted instead to back a bigger horse. PERE Magazine, March 2010 issue.
1 min read · 05 January 2013
Larry Ellman, Citi Property Investors’ head of North American investments, has quit the firm as its sale enters the final week. Ellman's responsibilities now fall to CPI's asset management head, Robert Scoville.
2 min read · 05 January 2013
The sale of Citi Property Investors would mean different things depending on which of the short-listed buyers wins the race to buy the platform. PERE illustrates some pros and cons of each bid.
4 min read · 05 January 2013
Merrill Lynch’s global real estate principle investments division has halted plans to offload its Asian real estate investment management business. The platform may be placed on the market again late second quarter 2010.
2 min read · 05 January 2013
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
1 min read · 05 January 2013
