DWS related stories
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Apollo Global appoints investor relations professionalJon Thompson has joined the firm in the London office to help with fundraising and client functions for the planned real estate fund to be managed by New York-based Apollo Global Management.
- RREEF to boost private equity activity
Nick Gaynor, Deutsche Bank’s head of financial sponsor coverage for the EMEA region, has joined the subsidiary alternatives firm to lead its charge into direct and co-investments.
- Hypo gets another €10bn lifeline
The German commercial real estate lender, partially owned by private equity firms JC Flowers and Grove International, has secured another liquidity guarantee from the government, on top of the €20bn already promised.
- Santa Barbara ponders 10% RE allocation
The $1.7bn pension started investing in real estate just three years ago, however it is now considering increasing its target allocation by 3% and investing in international real estate for the first time. The plan said it was 'shutting off two-thirds' of the world by focusing on the US.
- RREEF buys China building for $153m
The Deutsche Bank real estate unit has reportedly bought a 40-story commercial building in Dalian, northeast China.
- Pirelli, RREEF consortium complete €4.5bn German Arcandor deal
Completion of the deal with an enterprise value of €4.5bn comes four months after Italy’s Pirelli Real Estate and RREEF said they were among a quartet of investors buying a 49 percent stake in German department store joint venture.
- Flowers-backed Hypo seeks €15bn emergency lifeline
The German commercial real estate lender is the first private sector group to ask for help from Germany’s €500bn bailout fund as it waits for the arrival of a previously agreed €50bn rescue package.
- RREEF refinances Portugal resort
Hypo Real Estate has provided a €46.9m loan to RREEF’s DB Real Estate Iberian Value Added fund to refinance the acquisition of the Penha Longa Hotel, Spa & Golf Resort.
- Carlyle, RREEF secure $613m for NYC luxury apts
A partnership between The Carlyle Group, Deutsche Bank’s RREEF and Extell Development Company is in play to develop two luxury residential buildings in Manhattan after securing one of the largest construction loans in the US this year.
- Hypo fallout could fuel 'wait and see attitude'
The bailout of the German commercial property lender, Hypo Real Estate - which is partially owned by private equity firms JC Flowers and Grove International - could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.