Jonathan Brasse
The government managed investment fund has purchased a 33 percent stake in the Bullring Shopping Centre in Birmingham, England as it seeks to invest outside Australia in assets that will help it meet pension liabilities.
UK property brokers Simon Holley and Simon Blake are to set up their own opportunity fund platform called Altyon Partners.
In a bid to re-jig embattled real estate company Nakheel Holdings, Dubai World is moving senior staff and assets, including the W Hotel in Washington, to sister company Istithmar World.
Club-style vehicles have won plaudits for attracting otherwise unsure investors. But will sellers be impressed?
Former Prudential Real Estate Investors deal man joins the New York and Washington DC firm to manage its investment platform.
The Swiss-based firm has successfully closed on €275m for a global real estate fund. The firm aims to buy in both mature and emerging markets and has already bought eight investments in China for the vehicle.
PERE met with VinaCapital boss Don Lam for breakfast at a London hotel recently to hear his take on what Vietnam’s government stimulus has done to the country’s real estate market.
Progress, the Netherlands-based pension fund, has sold out of more than €500m of direct real estate assets as part of a strategy to switch to indirect investing.
The Tokyo-based firm is looking likely to lose control over the $2.2 billion Pacific Century Place as it struggles to pay back its debt.
The real estate investment arm of Singapore is waiting for improved market conditions before triggering an IPO. Vietnam and industrial funds are also planned.
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