Riots broke out in the streets of Budapest after it was revealed that Ferenc Gyurcsany, Hungary’s prime minster, lied about the country’s economic prospects. Despite the political unrest, however, real estate fundamentals in Hungary remain strong.
Hotel veteran William Reynolds will lead the company’s acquisition and development efforts.
Fresh from a post at GE Real Estate, Tom Wagner will join the real estate investment division of Cerberus as a managing director.
An infrastructure consortium including Credit Suisse and GE Infrastructure has paid a reported €750m to acquire London City Airport.
Private Equity International has announced in its November issue a global list of 30 influential lawyers who specialise in private equity.
The New York-based private equity real estate firm has provided $90m in mezzanine financing to the conversion of a former bank headquarters in Manhattan.
This is the second multi-family investment in the market for the Philadelphia-based investment manager.
The buyers, who include CPG, Goldman Sachs and Perry Capital, may intend to renovate the property.
Fast expanding Macquarie Global Property Advisors has sold a UK-focused business park for £640 million, more than double what it paid for the company four years earlier.
The US private equity fund has added another attraction to its burgeoning European-focused portfolio, which it has built up through Merlin Entertainments.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: