Jonathan Brasse
Osaka-based development and fund management firm Sun Capital Management is exploring plans to develop a rival theme park in Osaka to Universal Studios Japan. the 20km site would include a five star hotel.
CapMan, the Helsinki-based alternatives fund manager has held a final closing for a hotel fund to invest in Finland and Sweden. The fund has already made an investment into 39 hotels and has two and half years to continue investing.
The planned takeover by Dallas-based Lone Star of Japan’s first failed REIT New City Residence Investment Corporation has been blocked by creditors after its restructuring proposal could not muster a majority vote.
Land Securities, the London-listed property company with assets valued at just less than £10bn under management, has appointed Orchard Street Investment Management chairman Chris Bartram as a non-executive director.
Three directors at Trikona Trinity Capital have resigned as the AiM-listed development and investment company seeks to divest assets.
One month after China’s government lifted a moratorium on mainland initial public offerings, state-controlled China State Construction and Engineering Corporation is preparing a flotation worth $5.9 billion.
Jumpstart Capital Partners, a Los Angeles based real estate investor, is hoping to raise $100m for an opportunity fund aiming to buy from distressed sellers in New Zealand. Jumpstart’s CEO Jason Neal has projected IRRs greater than 40%.
Last week Los Angeles-based CBRE Investors held a $100 million close for its Asian fund of funds, the Asia Alpha Plus Fund. One investor swapped out of a commitment to an Asian country specific vehicle to join the fund. Here Jeremy Plummer, head of CBRE’s multi manager business, explains why.
The quoted opportunistic firm is planning to boost its equity by £219.5m via another share offer.
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.
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