The US firm is teaming up with a subsidiary of Italian bank UniCredit in the hope of offering a range of real estate fund products in the country and amassing €5 billion of assets under management.
1 min read · 05 January 2013
The cash infusion will help Goodman meet liabilities this year. The Australian property group says the agreement with CIC also envisages the pair working on a broader strategic relationship.
2 min read · 05 January 2013
A survey by Ernst & Young suggests the ability to refinance maturing debt on commercial properties in the next 12 to 18 months is the single most important concern in today’s market.
2 min read · 05 January 2013
Lehman Brothers and Starwood Capital are putting le Méridien Hotel on London's Piccadilly on the block. The hotel was bought as part of a package of properties in 2005. Le Meridien is expected to sell for around $140m.
1 min read · 05 January 2013
Administrators to Lehman Brothers in Europe have put the first few propety assets up for sale, most of them being joint ventures. PricewaterhouseCoopers says it has logged more than 300 expressions of interest in Lehman’s real estate investments since the bank collapsed.
1 min read · 05 January 2013
The German government today launched its long-awaited takeover approach for Munich-based property lender Hypo Real Estate. Private equity firm JC Flowers and private equity real estate firm Grove International have said they want to retain their minority shareholding.
1 min read · 05 January 2013
Angus Dodd, a former managing director at JER Partners in Europe, has joined US firm Lone Star to search out UK investments.
1 min read · 05 January 2013
The move by the German Financial Markets Stabilisation Fund (SoFFIN) is a prelude to full nationalisation.
1 min read · 05 January 2013
The vehicle is to invest in shares of major companies involved in energy and infrastructure on the back of a $586 billion economic stimulus package put into place by China.
1 min read · 05 January 2013
The US private equity firm sees an opportunity in Japan amid moves by major banks to cut their exposure to property, according to a report.
1 min read · 05 January 2013
