Deals

A LEED-certified office building in Southern California has been added to Legacy’s office portfolio.

The acquisition comes amid increasing interest in commercial property in California’s tech hot-spot.

The private equity firms behind what is touted as one of the world’s largest entertainment complexes have announced the development will open on Nov 20 – an attraction they hope will be as iconic as the UK’s London Eye and Seattle’s Space Needle.

The UK-centric large buyout focus of the Walker Report means only a limited number of portfolio companies have to comply. Moves are afoot to take the transparency reforms further.

The San Francisco-based firm has expanded its investment in the US multifamily sector and in the process helped a Hawaii housing development stay affordable.

An €800m fund managed by Allied Irish Bank has bought two further assets in Poland.

A week after buying Citigroup’s Japan headquarters, Morgan Stanley has scooped up the eight-building Sony Center complex in Berlin’s Potsdamer Platz.

The Investment Corporation of Dubai has made a €3 billion offer for Inmobiliaria Colonial, in what would be the sovereign wealth fund’s first major move into overseas markets.

Ohio-based Legacy Capital Partners will pursue holding periods of as long as 15 years.

US private equity firm Fortress Investment Group is reported to have made a takeover approach for UK property outsourcing company Mapeley, which has a portfolio of approximately £2.2 billion.