Jonathan Brasse
In the latest in a series of changes to senior personnel, the Denver-based logistics company has appointed a new head of global investment management and a president for Europe.
LaSalle Investment Management has poached Chris Martin from Australian property Group GPT to become head of asset management.
The Japanese fund manager is planning to invest up to 35 percent of its fourth domestic opportunity fund into real estate distressed debt.
In an effort to attract investors to its $100m Abu Dhabi focused residential fund, the UK fund manager, Lewis Charles Securities, has restructured the vehicle to provide both a dividend and a capital return.
The UK property company owned by the Duke of Westminster hopes to grow its funds business through corporate acquisitions. The strategy was part of a three pronged plan revealed by Grosvenor as it posted its year end results.
In a survey conducted by property services firm DTZ, nearly half of occupiers said they were seeking more office space but landlords should expect to be asked for more favourable lease terms.
A professor at Chinese government think tank, the Chinese Academy of Social Sciences, says urban residential property values are likely to fall by as much as 50 percent over the next two years.
Martin Seol is appointed head of real estate for Merrill Lynch in Asia Pacific on a full time basis. He assumes control of the platform from Tim Grady, who resigned from the firm at the beginning of the month.
David Schaefer, managing director and head of the Asia Pacific region for New York-based Citi Property Investors, left the firm at the beginning of the month. He was based at the firm's Hong Kong office. Schaefer's departure is the second high-profile loss in Asia after Tim Grady left Merrill Lynch earlier this month.
MGPA, the European and Asia-focused private equity real estate firm, is reportedly discussions with quoted UK property company British Land about buying a stake in the Broadgate complex by Liverpool Street station in London's financial district.
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