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The Canadian developer who presided over Olympia & York is planning a real estate investment fund that could reach $4bn.
The London-based private equity firm is to raise money in the public markets by launching a vehicle that will co-invest alongside its real estate arm.
You may not have heard of The John Hancock Mutual Life Insurance Company—but you probably know their real estate.
The London listed investment firm is to float the European Convergence Development Company on the Alternative Investment Market in 2007 despite signs that investor appetite has waned.
The real estate arm of the New York-based investment bank has closed its third open-ended funded on $2.2bn. It will have exposure to private and public equity and debt securities.
Europe’s biggest buyout firm has landed its third deal of the year buying Principal Hotels from Royal Bank of Scotland just two months after missing out on De Vere, a rival chain.
The three-year-old company has struck a deal with Bank of Scotland, which will inject £100m into a fund that will target property in the UK and mainland Europe.
The French hotel group’s announcement to sell off hundreds of hotels is likely to appeal to private equity firms and other real estate investors.
The New York firm’s European affiliate, Eurocastle Investment, has acquired a €500m portfolio of German office buildings.
Tom Hunter and Bank of Scotland’s £1.1bn bid for care homes builder McCarthy & Stone has trumped Permira and Barclays Capital, who decided not to increase their offer.
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