Jonathan Brasse
ING has strengthened its position in South Korea after obtaining a licence to operate locally registered real estate funds in the country. The firm has also appointed its South Korea investment head, Mark Jun, to a role aimed at fund raising from local investors.
Contrary to reports of freezing its investment programme for Asia, AXA REIM has been busy readying itself to launch its first Asian fund for the first half of 2010.
One week after Singapore-listed developer and fund manager Banyan Tree Holdings held a final close for its first real estate development fund, Steve Small, the chief executive officer of the vehicle, shares his views on the hospitality real estate climate with PERE.
The British property investor and fund manager owned by the Duke of Westminster warns off investing in Spain until at least next year.
Aerium becomes the third investor in a month to buy from London-listed Land Securities with the £105.5 million purchase of One Wood Street in the City of London. The investment follows those of the Libyan Foreign Investment Company and Europa Capital.
London-based activist investor Laxey Partners has increased its offer for Spazio Investment, the Italian industrial property group, after its initial bid was rejected. Meanwhile Laxey has thrown in the towel in its fight to replace board members of Indian property group Hirco
The Denver based logistics firm in the midst of a restructuring process has appointed a new chief financial officer and a head of treasury for its European operation. The appointments come in the same week the company revealed it had completed $561 million of asset disposals this quarter.
CBRE Investors eyes a final pot of $200 million for its Asian fund of funds, the Asia Alpha Plus Fund, after holding a first close of $100 million.
Forum Partners has expanded its business by buying the global real estate securities platform of Citi Alternative Investments. The deal sees Forum inherit a platform responsible for managing $450m of equity.
Tokyo–based Creed Corporation has completed the sale of a 58-strong portfolio across Berlin, Leipzig and Dresden to a German investor. The firm is currently in administration and has been selling off assets to meet regulatory requirements.
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