Olivier Piani, GE Real Estate’s chief executive in Europe, is leaving his post to head up Allianz’s new business. Piani, who is credited with building GE's real estate investments in Europe after a decade with the firm, will take up his new post with Allianz in October.
1 min read · 05 January 2013
The troubled German real estate lender today clarified its situation, suggesting comments by the German finance ministry had been misinterpreted.
2 min read · 05 January 2013
The German real estate and infrastructure lender announced a multi-billion euro credit facility today to shield it from disaster. It was enough, Hypo said, to cover its funding needs “well into the future”. Shares crashed 70 percent on the news.
2 min read · 05 January 2013
The property services firm has hired Amy Barklam to co-ordinate the distribution of its global indirect funds.
1 min read · 05 January 2013
The New York-based firm is planning a final close of its latest European real estate vehicle in the New Year, according to a director of the firm speaking at a conference in London today.
2 min read · 05 January 2013
The Wall Street firm has deferred the final close of its latest global property vehicle because investors have asked for more time. The firm remains confident, however, it is on track to raise its target of up to $10 billion.
2 min read · 05 January 2013
A survey of UK pension fund trustees has found that more than a quarter are planning to increase allocations to commercial real estate, while around half will maintain their exposure over the medium term.
3 min read · 05 January 2013
Hank Paulson, US Treasury Secretary, said today buying troubled assets is not the most effective way to use TARP funds.
2 min read · 05 January 2013
A survey has found that 25 percent of European investors are considering cutting their exposure to real estate funds in the short-term, yet investors are also planning to increase their exposure to opportunity funds.
3 min read · 05 January 2013
Axel Wieandt, global head of corporate investments at Deutsche Bank, will take up the role of chief executive at Hypo Real Estate from Monday.
1 min read · 05 January 2013
