Jonathan Brasse
ING Real Estate has been awarded the management of a Tokyo based pan-Asia real estate opportunity fund after its previous manager ran into financial difficulties. Following the deal, ING Real Estate now manages $4.97 billion of assets across Asia.
Just weeks after selling a £70.25 million property portfolio to AEW Europe, Brixton is reportedly close to selling another £225 million portfolio to New York based Westbrook Partners.
Merrill Lynch has instigated a process to sell the management of its pan-Asia real estate opportunity fund. The New York-based investment bank is thought to have begun sounding out potentially interested parties.
Max Property Group has successfully completed an initial public offering on London’s AIM stock exchange. New York-based hedge fund Och-Ziff Capital Management and the management of the firm have put in an extra £60 million.
Ellis Short, who co- founded Dallas-based Lone Star with John Grayken, has increased his ownership in English Premier League soccer team Sunderland AFC to 100 percent. The investment comes as UAE entrepreneur Sulamain Al Fahim has a bid accepted to buy rival team Portsmouth FC.
Stockholm based Aberdeen Property Investors has grown its indirect team, Aberdeen Property Investors Indirect Investment Management, to 28 professionals after making six senior appointments across Europe and Asia. The growth of the team marks a rebuilding period for Aberdeen after a period of recent departures.
Stockholm based Aberdeen Property Investors has more than doubled the value of its properties under management in Sweden after winning a mandate to manage a €1.4 billion office and retail led portfolio on behalf of Sweden’s SEB Bank.
The Blackstone Group and MGPA have reportedly approached London-based industrial REIT Brixton over a possible bid for the company. Brixton is in need of a cash injection as it comes close to breaching its banking covenants.
The chief executive of Mumtalakat, the investment arm of the Kingdom of Bahrain, has outlined the fund’s strategy of expanding its investment horizons to areas including real estate. Investments will be made with third party fund managers and be done directly.
Having announced an investment of over €130 million in eight warehouses in continental Europe earlier this week, the Paris-based firm has continued its logistics drive with the further announcement of a purchase of four warehouses from London-listed Brixton.