British Land and joint venture partner Oxford Properties are in advanced talks to sell the "Cheesegrater" skyscraper in London, the company said on Tuesday.
1 min read · 28 February 2017
Swedish buyout firm EQT has launched the sale of Danish packaging group Faerch Plast in a potential 700 million euro ($741 million) deal, hoping to benefit from high sector valuations, sources told Reuters.
1 min read · 28 February 2017
Private equity firms Warburg Pincus , Blackstone Group LP (BX.N) and Hopu Investment were among the bidders short-listed to present a potential offer for Singapore-listed Global Logistic Properties (GLPL.SI), Reuters reported.
2 min read · 28 February 2017
Shipping finance provider HSH Nordbank has attracted a handful of potential bidders by a Monday deadline for indicative offers, sources told Reuters.
1 min read · 27 February 2017
Milestone Apartments Real Estate Investment Trust, which last month agreed to be acquired by Starwood Capital Group for about $1.7 billion (US$1.3 billion), has started talks with the U.S. private investment firm about raising the initial bid, sources told Reuters. The move comes days after proxy advisory firm Institutional Shareholder Services issued a report recommending Milestone unitholders vote against the transaction. Milestone and Starwood could agree on a higher price and make an announcement as soon as early this week, the sources said. Dallas-based Milestone, which went public in Toronto in 2013, owns and manages apartment properties targeting blue-collar workers across the U.S. southeast and southwest.
2 min read · 27 February 2017
Milestone Apartments Real Estate Investment Trust (MST_u.TO), which last month agreed to be acquired by Starwood Capital Group for about C$1.7 billion ($1.3 billion), has started talks with the U.S. private investment firm about raising the initial bid, people familiar with the situation told Reuters.
2 min read · 27 February 2017
U.S. President Donald Trump's pick for secretary of the Navy withdrew from consideration on Sunday, the second time a Trump nominee to lead one of the armed services bowed out because of government conflict-of-interest rules, Reuters reported.
1 min read · 27 February 2017
The real estate arm of Canada's second-largest pension fund manager is looking at India's logistics sector following the announcement of its first investment in the country for more than six years, Reuters reported. Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec, announced a US$250 million residential investment in India last week, the first in the country since Daniel Fournier was put in charge of the division in 2010. India's real estate logistics sector is being fueled by the production of automotive components, textiles and pharmaceuticals, according to a research report by the real estate investment firm JLL. Export and import cargo is expected to grow to 2,800 million metric tonnes by 2020, the report said.
2 min read · 27 February 2017
Private equity firm Advent has no interest in a hostile approach to German generic drugmaker Stada Arzneimittel, a spokeswoman for Advent said on Monday.
1 min read · 27 February 2017
Emerging markets-focused private equity firm Abraaj Group acquired Middlesex University's overseas campus in Dubai, sources told Reuters, in a sign of increased interest from buyout firms in the Middle East's education sector.
1 min read · 27 February 2017
