Fundraising

The Fortress-controlled entity is selling the 78 “non-core” properties as it concentrates on the major real estate markets in Germany.

Property tycoon Robert Tchenguiz is trying to derail The Blackstone Group’s agreed £96 million bid for La Tasca, a UK tapas chain.

Fresh from its $39 billion take-private of Equity Office Properties, Blackstone becomes the world’s second largest operator of tourist attractions and theme parks with a £1 billion deal to buy The Tussauds Group.

The London-based firm has closed its largest fund so far after receiving commitments of nearly €900 million from a range of US and European investors.

The Euronext affiliate of KKR has committed to the largest ever proposed buyout both as a co-investor and limited partner, contributing $500 million to the deal.

The investment bank has invested in retail and residential developer RBI Holdings, which has already formed a separate $500m joint venture with RREEF, as Morgan Stanley marks its first property investment in St. Petersburg.

J. Michael O’Brien is joining the alternatives firm to oversee its property investments on the East Coast.

The US investment bank has teamed with French property company Atemi to buy Coeur Defense in Paris for €2.1bn from joint owners Whitehall Funds and Unibail.

Macquarie Global Property Advisors, the private equity real estate arm of the Australian bank, has acquired the Temasek Tower in Singapore in a $660m transaction.

The European real estate investment management firm has closed a fund targeted towards French institutional investors €100m ahead of its original target.