Managers

Investment Management Group (IMG), the Russia-focussed firm led by former Morgan Stanley professional Maksim Kunin and Igor Turkin, will continue with its development strategy for a follow-on fund.

The Chicago firm has raised $650 million for its latest vehicle, which will focus on real estate companies in emerging and frontier markets.

The New York-based real estate firm will target value-added and opportunistic multifamily, retail and office properties in New York.

CB Richard Ellis has completed the second part of its $940m takeover of ING REIM businesses with the Asia platform now under full ownership. The takeover of ING REIM’s European business is expected to conclude this quarter.

The London based firm’s fund management arm has launched a partnership with the Kuwait Finance House to invest in the acquisition and development of healthcare properties in the US.

Hugh Macdonnell has joined Clarion Partners, effective today, to lead its global capital raising operations after more than 14 years at Morgan Stanley.

The Europe and Asia-focussed firm intends to launch a core-plus special fund under German investment law, aimed at making investments in the Asian region.

The St. Petersburg-based firm, led by founder and chief executive Steven Wayne, closed Jensen Russian Real Estate Fund II last June, but re-opened it in this May in order to raise additional capital.

The global asset management business has kick-started a A$500m Australia logistics joint venture investment vehicle with listed real estate company Mirvac with the purchase of one of country’s largest industrial developments.

The New York-based private equity giant will acquire 36 retail properties from Equity One, in one of the first deals for its latest real estate opportunity fund.