Jonathan Brasse
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.
Despite the global economic downturn eating into India’s real estate markets, Jones Lang LaSalle said the country’s third tier markets would provide attractive future returns. The real estate services firm added that Ahmedabad, Chandigarh, Kochi, Jaipur and Nagpur were among the most attractive.
As real estate values continue to fall, real estate investment managers admit they are struggling to meet the increasing demand for information. Investors want information on a ‘daily basis, not monthly or quarterly’, according to a new report.
Unilever’s fund called Progress wants to switch out of direct property holdings and into indirect holdings.
European retail property fund manager has tapped James Bury from JER Partners to become head of European fund management.
AIM listed real estate fund manager and contractor suspends shares pending final results for 2008
AIG Global Real Estate, the property investor and fund management arm of global insurance and financial services company AIG, is planning the sale of its fund management business. Financial details were not disclosed.
Blackstone, Lone Star, Cerberus, Goldman Sachs and Nomura Bank are reportedly among those registering their interest in Lehman Brothers real estate debt units, Lehman Brothers Commercial Mortgage KK and Sunrise Finance.
Global placement agency CP Eaton goes bearish on the US but bullish on Europe and Asia in its latest report.
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