Jonathan Brasse
As limited partners see distressed development as an investment opportunity, they are asking general partners for shorter fund lengths.
After failing to secure more equity to keep it afloat or to be sold by its administrators, the UK fitness chain is to be taken over by its lender Société Générale.
Adelaide Gray is joining the UK insurer's property team from property services firm King Sturge to enhance the group's knowledge of trends affecting its specialist portfolio of assets.
After 2008 saw 16.6 percent wiped off the value of UK houses, there are signs that confidence is returning to the residential sector with respondents to a recent survey saying they view it as a time to buy.
The world’s biggest logistics property company appoints a new head of global operations but sees its chief operating officer resign.
Prax is set to take advantage of a projected population boom in Xi’an, the capital of China’s Shaanxi province, by investing almost $30m in a residential development in the city. The population of Xi’an is due to grow to 5.3m by 2020 – up from 3.1m in 2007.
The Los Angeles City Employees’ Retirement System has changed its investment agreement with one of its general partners as it senses value in the US hospitality sector.
Malcolm Le May, the head of Europe for private equity real estate firm JER Partners, has left the business as it focuses more on 'asset management'. JER president Michael Pralle will take over Le May's responsibilities.
Indian property firm, DLF, is to streamline its future strategy after investors turn away from the luxury and retail sectors. The firm is also nearing a sale of its asset management business to private equity firms.
The tenth largest pension fund in the US has reported a 5.6% fall in returns for real estate in 2008, but the sector still outperformed other asset classes.
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