The Spanish firm has acquired a retail asset for its pan European retail property fund.
Los Angeles-based CBRE Investors has hired former Bank of America and BlackRock investment pros David Sullivan and Steven Yeh. The duo will join the firm as directors.
Heitman veteran Harold Schwartz, previously head of Europe acquisitions, will lead the Chicago-based firm’s expansion into the Asia-Pacific region. Schwartz will be based in Tokyo.
The Seoul High Court has reversed a lower court's decision that convicted the US private equity firm of manipulating the stock price of the credit card division of the Korea Exchange Bank; the decision brings Lone Star one step closer to a $6.3bn sale of its stake to HSBC.
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.
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