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Jonathan Brasse

Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
Delhi-based Unitech has raised $575 million through a share issue as it seeks to reduce its debts and take advantage of investor appetite for affordable housing.
In an effort to find and manage investments in the Iberia region on behalf of its third European real estate fund, the Washington DC-based firm has enrolled the services of a Lisbon-based partner.
ING Real Estate Investment Management European managing director Wilson Lee has left the firm one year after joining to help launch its first global real estate opportunity fund. Plans for the $1.5 billion vehicle were shelved earlier this year.
Four developers in Dubai are planning to merge operations into what could be the biggest developer in the Middle East and North Africa. Emaar is planning to join forces with Dubai Properties, Sama Dubai and Tatweer.
The UK listed fund manager says the outlook for commercial property in the UK remains ‘extremely challenging’ as it reports a 13 percent fall in the value of its assets under management for the six months to 31 May 2009.
In DTZ’s first Money into Property report for Asia, the firm notes a rise in transaction volumes across the continent but warns the market cannot assume the bottom of the market has been reached.
Europa Capital boosts its team by hiring Tim Neslen, formerly of Goldman Sachs’ Real Estate Principal Investment Area (REPIA). Meanwhile the firm has bought a £70m UK shopping centre through its Europe Fund III, which closed on €600m in June 2008.
The European Bank for Reconstruction and Development (EBRD) has proposed a €75 million commitment to Chicago-based Heitman’s European Property Partners IV fund. The vehicle is targeting €600m of equity by its final close in September.
US pension fund Maine PERS has called in outside help to invest the remaining 5 percent of its targeted allocation to real estate. According to reports, this could lead to expanding the pension fund’s investment horizon from core style investing to opportunistic.
AiM-listed Hansteen Holdings has become the latest name to try luring more equity through the issue of shares. The firm believes now is the time to execute industrial property deals at “double digit” yields.
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