Managers

The global real estate investment firm W P Carey buys four industrial properties in California, Texas, in sale-leaseback deal with US bakery Best Brands for its fifteenth managed fund, CPA: 16-Global.

AgCapita launches a C$10m fund focusing on farmland investments in the Canadian provinces of Alberta, Manitoba and Saskatchewan amid increasing demand for food and fuel from emerging markets.

The private equity placement agent relocates operations from New Jersey to Manhattan’s Fifth Avenue taking the firm’s office presence around the globe to six.

The firm has partnered with Oslo-based Realkapital Partners for a €600m vehicle.

After years of investing its own money in property, GE Real Estate will seek to invest the money of others with global monster funds to rival Blackstone and Morgan Stanley.

Italy’s Pirelli Real Estate and RREEF are part of a quartet of investors buying a 49 percent stake in German department store joint venture.

In a letter to the US government, Abu Dhabi argues its sovereign wealth fund, the Abu Dhabi Investment Authority, should be treated like any other US pension funds and not unfairly discriminated against.

Nasser Munjee, who set up India’s IDFC only to resign a few years later, has returned to infrastructure investment by teaming with veteran investment manager Ajit Dayal.

The boutique investment bank plans to press on with a mezzanine property fund despite a fall in profits following revaluation of a hotel portfolio and a sharp decline in the share price of a German real estate fund.

New York-based Palladium Equity Partners has acquired the specialty mineral company, American Gilsonite Company, which operates a network of underground unitaite mines in Bonanza, Utah.