Managers

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.

India's infrastructure boom is backed by consumers who demand better services.

Real estate, then private equity top the preferred investments among the 52 percent of respondents who do or want to commit to alternatives, according to a Bear Sterns report.

The $35bn Pennsylvania State Employees’ Retirement System allocates further funds to RE after returning 22 percent from the asset class last year.

Wachovia Corp plans to sell more than 100 vacant branches to American Realty Capital Trust in 2008 with more expected to follow.