Fundraising

Italian real estate firm Pirelli RE is teaming up with the property funds at Morgan Stanley and Deutsche Bank in its €462m German residential and retail deal.

Through its partnership with New York-based Brookfield Properties, the private equity giant has taken one of North America’s largest office landlords private and intends to expand its CarrAmerica platform on the West Coast.

In its first deal since formation, the fledgling private equity real estate company is teaming up with a Danish developer for a residential project in Copenhagen.

Philadelphia-based value-added investor BPG Properties bought the complex in a suburb of St. Louis, Missouri and plans a $5 million overhaul.

The private equity real estate firm run by BET founder Robert L. Johnson has sold four hospitality properties in California less than two years after it acquired them.

The partnership between NRDC and Apollo has also hired Christina Johnson, the former chief executive of Saks Fifth Avenue, in the latest example of top retail talent making the jump to private equity.

Through its new opportunity fund, the Toronto-based real estate investment firm has purchased 5.3 million square feet of space from an affiliate of JP Morgan Chase.

The acquisition of an 18 percent stake in Grupo Pinar increases the private equity firm’s exposure to European real estate.

The partnership between the second largest pension fund in the US and the New York real estate mogul has bought a Midtown office tower for $400m.

The US private equity firm has been approved to lead a group in buying WestLB’s 24% stake in HSH Nordbank for €1.25bn. The private equity group will share ownership of the Landesbank with two German municipalities.