Jonathan Brasse
The Beijing-based private equity fund launched by former Goldman Sachs executives has reportedly made its first investment outside of China.
A Sydney-based firm recently launched by former bankers from Macquarie Group and Lehman Brothers, is reportedly close to closing an Australian real estate fund.
The Hong Kong-based firm, majority owned by Chinese financial conglomerate China Resources, has completed $174 million of sales, including the first two exits from its debut vehicle, China Real Estate Opportunistic Fund.
The jointly managed vehicle with Japanese financial heavyweight Sumitomo Trust & Banking is the second in a four- fund Asia strategy for the French insurance giant aimed at partnering with managers in each of its target countries.
The Wall Street Bank saw the value of its stakes in its real estate assets under management fall by just $66 million in the third quarter of the year. It is the latest sign that prices across the sector are leveling out.
The property management arm of British insurer L&G has revealed it has snapped up more than 9 assets in the retail, office and industrial class.
The private equity real estate fund plans to invest in high-end residential projects not prone to “faulty pricing”.
Germany’s largest insurer is planning to invest in US real estate once the banks trigger distressed sales, according to boss Paul Achleitner.
The newly-formed 1Malaysia Development Berhad has teamed up with Saudi-backed investment company, PetroSaudi International to launch a company aimed at co-investing with international investors in projects in Malaysia. Target sectors include energy and real estate.
Hundreds of workers at MidCity Place, a large office building owned by the Boston-based firm, were forced to evacuate after fire spread through the office yesterday afternoon.
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