Lawrence Sperling has left Credit Suisse to head up Mercury’s efforts in the Asian real estate market.
In its second personnel addition in two weeks, the private equity real estate firm has hired Edward Bates, formerly of Orion Capital Managers.
As Japanese land prices continue to rise, Goldman Sachs has teamed with Aetos Capital to buy a Japanese company with a 179-strong property portfolio.
Tishman Speyer and Lehman Brothers have purchased Colorado-based REIT Archstone-Smith in one of the largest take-privates since Blackstone’s Equity Office acquisition in February.
Anyone who thought fundraising for Indian real estate might cool in the second half of the year has had to think again. Recent weeks have witnessed a virtual monsoon of new private equity vehicles dedicated to Indian property blow into the market. Many of these are backed by foreign capital. Â
Lightyear Capital has acquired the UK operations of German insurance company Württembergische Versicherung, after ensuring the company could become a member of Lloyd’s of London.
No baseball caps, hooded sweatshirts or cursing at this shopping mall.
The private equity firm has formed a $160m joint venture with Triyar Hospitality to invest in niche hospitality assets in the US.
J.E Roberts has named former GE Real Estate head Michael Pralle as the firm’s new president and chief operating officer.
The Carlyle Group has closed its third US-focussed fund on $605 million, bringing the 10-year-old venture arm’s total capital under management to $3.8 billion. It is the third fund the buyout giant has closed in the past four weeks.
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