Four developers in Dubai are planning to merge operations into what could be the biggest developer in the Middle East and North Africa. Emaar is planning to join forces with Dubai Properties, Sama Dubai and Tatweer.
1 min read · 05 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 05 January 2013
Mark Neporent is alleged to have violated fidcuiary dutites at Kokusai Kogyo, a Cerberus-controlled JV. Cerberus has called the suit a means to pressure it to sell its stake.
2 min read · 05 January 2013
The planned takeover by Dallas-based Lone Star of Japan’s first failed REIT New City Residence Investment Corporation has been blocked by creditors after its restructuring proposal could not muster a majority vote.
1 min read · 05 January 2013
Tokyo–based Creed Corporation has completed the sale of a 58-strong portfolio across Berlin, Leipzig and Dresden to a German investor. The firm is currently in administration and has been selling off assets to meet regulatory requirements.
1 min read · 05 January 2013
Tokyo-based private equity real estate firm KK DaVinci is to sell DaVinci Select, the management unit responsible for the DA Office Investment Corporation J-REIT, to Japanese securities brokerage Daiwa Securities Group. The deal coincides with Daiwa’s purchase of a 13 percent stake in the J-REIT
1 min read · 05 January 2013
The Japanese fund manager is planning to invest up to 35 percent of its fourth domestic opportunity fund into real estate distressed debt.
2 min read · 05 January 2013
Former Fannie Mae CEO Daniel Mudd will relieve Edens of day-to-day duties for the NYSE-listed private equity, real estate and hedge fund manager. It is part of a main board reshuffle aimed at enabling senior executives to focus more intently on the group’s existing and new investments.
2 min read · 05 January 2013
More than 250 expressions of interest from parties including private equity real estate firms have been received by the collapsed bank’s liquidators for its assts in Asia.
1 min read · 05 January 2013
The majority of investors led by US private equity firm JC Flowers has rejected Germany’s offer for real estate lender Hypo Real Estate after the board of the bank accepted it. A small minority in the JC Flowers led consortium have agreed to sell their position.
1 min read · 05 January 2013
