Jonathan Brasse
Merrill Lynch’s global real estate principle investments division has halted plans to offload its Asian real estate investment management business. The platform may be placed on the market again late second quarter 2010.
The Swiss alternative asset management firm is making structural changes to its business, to come into force on 1 January, 2010. As part of this process, its private real estate business will be separated from its private capital department, reporting directly to the firm’s executive board.
The real estate platform of Leon Black-led Apollo is vying with ING and Australia’s Macquarie Group to buy the management of the $8bn private equity real estate business of Citigroup
The joint venture fund management platform of Mumbai-based Samsara Capital and London-based Catalyst Capital, will target ‘affordable’ residential developments in India’s tier I cities. He told PERE’s Jonathan Brasse in an interview for the PERE Yearbook 2009.
Abu Dhabi has committed $10 billion to help neighbouring Dubai meet is debt obligations, including its $4.1 billion Islamic bond, which matured today.
The firm led by Katsuya Takanashi emerges as the winner to buy the 418,000 square foot Tokyo office from lenders including Shinsei Bank, which seized control of the building when previous owner KK daVinci failed to meet its debt obligation on the building.
The plan by ANREV to adopt the working guidelines and practices of its older European counterpart, INREV, is laudable and deserves support, but the real work is just beginning. ANREV’s first step: a tricky game of chicken and egg.
The Washington-based group sells a 430,000 square foot office complex to French bank Credit Agricole on behalf of its first European real estate fund, Carlyle Europe Real Estate Partners I.
Shares in Dubai-based Emaar Properties surged by nearly 15 percent, their highest rise in more than a year, on the news that it has blocked its proposed merger with real estate companies controlled by conglomerate Dubai Holdings.
Profound Property Group, a Perth-based advisory and fund business formed by ex-Investec executives, is raising its debut vehicle. The firm is eyeing preferred equity infusions in projects in Perth and across Western Australia.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: