Jonathan Brasse
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.
Paris-based AEW Europe has completed a €119.5 million purchase of seven German and Dutch logistics assets from ProLogis European Property and a €16 million purchase of warehouse in France from Goodman.
MENA private equity group Abraaj Capital is reported to have entered talks with government owned Dubai World to buy a 15 percent stake in its ports operator DP World. The proceeds of a sale could go towards helping Dubai World’s real estate arm, Nakheel, pay down debts.
Robin Hubbard is joining the London office of Los Angeles-based property services firm CB Richard Ellis to help tap clients interested in equity commitments to limited partnerships, joint ventures, or club deals.
The Ohio Public Employees Retirement System has hired former director of investments for the New Hampshire Retirement System, Richard Shafer, as deputy director of investments for external management. His role involves executing the pension fund’s private equity and real estate strategies.
SUN Apollo Ventures has invested more than $60 million by acquiring a stake in Mumbai-based developer, Keystone Realtors. The joint venture between AREA Property Partners and the Khemka family promoted SUN Group will also invest in the developer’s projects.
Delegates at an Asian property conference said their intention is to increase allocations to property with a bias towards listed companies.
Rhys Lewis, who was hired from Moorfield Group in 2005 to expand the firm’s European operation, has created Anglesea Capital to invest in the UK.
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
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