The New York-based private equity firm says it plans to expand the German commercial real estate lender’s operations internationally, particularly in Japan, after shareholders tendered 24.13 percent of the firm’s stocks. JC Flowers expects to meet the maximum stake of 24.9 percent once all shares are counted later this week.
The mega-buyout firm has revealed its private equity real estate business returned $1.3 billion to investors last year from 38 exits.
The UK government-backed fund of funds has invested in funds from IDFC, Actis and Kotak.
The London-based property fund manager has appointed former Goldman Sachs professional Michael Flynn as managing director of the new branch.
Property services firm DTZ says transactions for the first quarter have already halved compared to the corresponding period of 2007.
The asset management division of Aviva has hired two asset managers to join the firm’s UK Retail Property Funds team.
The Washington DC-based private equity real estate firm has partnered with local developer Hathaway Properties on a luxury multifamily development - its first investment through the firm’s PRP II fund.
Since last summer, equity sponsors and their investors have renewed their emphasis on emerging markets with vigor.
Prudential’s property investment arm will charge ahead with its fundraising for the Southeast Asian nation, according to its Asia chief executive Alex Hambly.
The London-based firm’s chief executive Simon Treacy says a second vehicle dedicated to Japan is in the works. The news comes as the firm has just closed the largest dedicated Asia real estate vehicle ever on $3.9bn.
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